Asset Smoothing and Consumption Smoothing:Disaster-coping Strategies in Noncontiguous and Contiguous DestituteAreas  

作　　者：Li Zhou Jie Sun Wuyang Hu Yu Zhang 

机构地区：[1]College of Economics and Management,Nanjing Agricultural University,China [2]College of Public Administration,Nanjing Agricultural University,China [3]College of Food,Agricultural,and Environmental Sciences,the Ohio State University,US [4]School of Insurance and Economics,University of International Business and Economics,China

出　　处：《China & World Economy》2023年第2期223-250,共28页中国与世界经济（英文版）

基　　金：supported financially by the Major Research Plan of National Social Science Foundation of China(No.19ZDA117);the National Natural Science Foundation of China(No.72141011);the Project of Philosophy and Social Science Research in Colleges and Universities in Jiangsu Province(No.2022SJYB0050).

摘　　要：Do households sell assets in order to smooth consumption?The empirical evidence is mixed.Using household-and village-level data in the context of China's poverty alleviation policy,we analyze the relationship between climate shocks and household coping behaviors from the perspective of whether coping strategies to deal with weather shocks are sensitive to the contiguity of destitute areas.Our results indicate that,unlike households living in noncontiguous destitute areas,households struck by weather shocks in contiguous destitute areas tended not to reduce or liquidate assets.To overcome weather shocks,households in contiguous destitute areas instead reduced household consumption,such as food consumption and increased nonfarm working hours.Our findings point to the possibility that the implicit assumption of consumption smoothing coupled with a failure to incorporate explicitly the factor of contiguous regions has led to seemingly divergent findings in the literature regarding consumption smoothing.

关 键 词：asset dynamics coping methods poverty alleviation weather shocks 

分 类 号：F126.1[经济管理—世界经济]