This paper investigates the extent to which households in rural Thailand across the income distribution are able to mitigate income risks in the face of shocks. It uses especially high-quality household income and consumption data spanning 64 Thai villages over 15 years. The paper identifies income shocks by village-level variations during drought conditions. It finds that richer households are better able to mitigate income risk than poorer households, in contrast to some studies of the South Asian subcontinent. These possibilities for managing income risk are shown to be correlated with the type of contract the head of household is likely to be employed in, the share of salaries in total household income, the education level of the head, the relative youth of the heads of richer households, and location effects.

中文翻译：

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泰国家庭的当地干旱和收入风险

本文调查了泰国农村家庭在面临冲击时能够在多大程度上减轻收入风险。它使用了跨越 15 年的 64 个泰国村庄的高质量家庭收入和消费数据。该论文确定了干旱条件下村级变化对收入的冲击。与南亚次大陆的一些研究相比，它发现较富裕的家庭比贫困家庭更能减轻收入风险。管理收入风险的这些可能性与户主可能受雇的合同类型、家庭总收入中的工资份额、户主的教育水平、户主的相对年轻程度有关。更富裕的家庭和位置效应。