Emerging Tech

Livestock As Insurance And Social Status. Evidence From Reindeer Herding In Norway

Download Now Free registration required

Executive Summary

The theory of livestock as a buffer stock predicts that agropastoralists facing substantial risks typically will use liquid assets, such as livestock, for self-insurance to smooth consumption. This paper examines this hypothesis for reindeer herders in Norway where the herders, in contrast to pastoralists in, say, Sub-Saharan Africa, face well functioning credit markets. Using survey data including slaughtering responses to a hypothetical meat price increase, the authors test whether keeping reindeer as insurance against risks affects the slaughter response.

  • Format: PDF
  • Size: 289.55 KB