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BEGIN:VEVENT
UID:5b13d7653c7aa32d4d1206955195f112
CATEGORIES:Seminars
CREATED:20241126T083338
SUMMARY:Lunch Seminar: Giacomo De Giorgi - University of Geneva
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nFarming, Non-Farm Enterprises, and Migration under Incomplete Mark
 ets\n\n\nAbstract:\nWe study how rural households in developing countries u
 se non-farm entrepreneurship to smooth consumption following shocks to farm
  income. Using survey panel data from rural India, we show that transitory 
 shocks to agricultural productivity lead farm households to reduce farm lab
 or supply, increase non-farm labor supply, and become more likely to engage
  in non-farm entrepreneurship and temporary migration. Unlike temporary mig
 ration, these shocks have persistent effects on non-farm entrepreneurship, 
 as engaging in non-farm activities enables households to accumulate skills 
 that enhance their non-farm productivity. We then structurally estimate a d
 ynamic model of household labor supply decisions across farming, non-farm a
 ctivities, and temporary migration. Counterfactual exercises reveal that ov
 er 30% of non-farm output in rural India comes from activities that househo
 lds engage in to protect their consumption following shocks to agricultural
  productivity. In terms of policy, improving the functioning of insurance m
 arkets has substantial positive effects on structural transformation. Speci
 fically, weather insurance contracts and a minimum income guarantee increas
 e non-farm output by about 70% and 40%, respectively. As a potential implic
 ation of climate change, we find that a negative shift in the rainfall dist
 ribution leads to more than a 30% increase in non-farm output, underscoring
  the role of climate-driven structural transformation.\n
DTSTAMP:20260405T212828Z
DTSTART:20250218T130000Z
DTEND:20250218T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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