Livelihood Capital,Livelihood Risk and Risk Management in Rural Household Differentiation
Under the background of rural revitalization,this paper analyzes the logic of risk management in rural household differentiation,puts forward an analytical framework of the influence of farmers'livelihood capital and the risks it faces on the risk selection of rural household differentiation,and makes an empirical test based on the unbalanced panel data of 27,030 farmers'samples in CFPS database from 2012 to 2020 by using double-hurdle model estimation and system generalized moment estimation (GMM).The relevant conclusions are as follows. (1)Since the agricultural management of farmers in our country has not reached the scale requirements on the whole,the current increase in natural capital has a negative impact on the risk degree of rural household differentiation;the increase of material capital,financial capital,and social capital can directly enhance the risk resistance capacity of farmers,which has a positive effect;the increase of human capital plays a catalytic role in the current risk of rural household differentiation,but it will not continue to increase the risk degree.(2)There are two ways in which the livelihood risks faced by farmers have an impact on the risk degree of rural household differentiation.Firstly,due to the"reflection effect"of farmers compensation for losses,an increase in non-systematic livelihood risks will increase the risk degree.Secondly,due to more complex livelihood decisions and more information processing costs faced by farmers,an increase in systematic livelihood risks will decrease the risk degree.
livelihood risklivelihood capitalrural household differentiationrisk preferencedouble-hurdle model
NETL
NSTL
万方数据
