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Asia-Pacific Development Journal

The Asia-Pacific Development Journal (APDJ) is published twice a year by the United Nations Economic and Social Commission for Asia and the Pacific. The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The APDJ provides a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. The Journal aims to stimulate policy debate and assist policy formulation in the region.

English

Do agricultural households share risks in Thailand? Evidence from Thai socio-economic panel survey data

For this paper, three waves of the Thai Socio-Economic Panel Survey data which cover the years 2005-2007, are used for the first time to examine risk sharing through many specifications. The findings show that the null hypothesis of full insurance against income shock is rejected for the whole country case together with a group consisting of a sample from the Central, Eastern and Western regions. This rejection, nevertheless, is supported by the existence of evidence of partial insurance for the whole country case. Unlike income shock, a specific adverse shock, which uses the illness of the household head as a proxy, is fully insured by households for all region groups except a group consisting of a sample from the Central, Eastern and Western regions.

English

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