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UID:20251108T173046EST-0299uGUMFP@132.216.98.100
DTSTAMP:20251108T223046Z
DESCRIPTION:'Farming\, Non-Farm Enterprises\, and Migration with Incomplete
  Markets'\n\nGiacomo De Giorgi (University of Geneva)\n	Tuesday\, September
  24\, 2024\n	12:00 to 1:00 PM\n	Leacock 429\n\nAbstract: When insurance mark
 ets are incomplete\, non-farm enterprises (NFEs) may of- fer consumption-s
 moothing opportunities to farmers in village economies. After experiencing
  uninsured negative shocks to agricultural productivity\, farmers may resp
 ond by creating NFEs and allocating more work time to them. These necessit
 y entrepreneurs accumulate specialized skills that increase their producti
 vity in the non-farm sector (e.g.\, through learning by doing). We outline
  a dynamic model of household-farm labor supply decisions where each house
 hold chooses (1) how much labor time to allocate to farming\, (2) whether 
 to operate and how much labor time to allocate to an NFE\, and (3) whether
  to dispatch temporary migrants. Using the latest ICRISAT panel data from 
 rural India\, we con rm the main predictions of our model and structurally
  estimate it. In counterfactual exercises\, we show how the departure from
  market completeness shape the labor allocation and skill distribution in 
 village economies. The use of NFEs as a consumption-smoothing device might
  shed light on why households in developing countries engage in both farmi
 ng and low-productivity non-farm activities.\n	 \n\n\n	 \n
DTSTART:20240924T160000Z
DTEND:20240924T170000Z
LOCATION:Room 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 855 r
 ue Sherbrooke Ouest
SUMMARY:Giacomo De Giorgi (University of Geneva)\, 'Farming\, Non-Farm Ente
 rprises\, and Migration with Incomplete Markets'
URL:/economics/channels/event/giacomo-de-giorgi-univer
 sity-geneva-farming-non-farm-enterprises-and-migration-incomplete-markets-
 357865
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