摘要：From 2009 to 2011, the Thai government implemented an income guaranteeprogram for rice, tapioca and maize farmers. Essentially, this program addeda non-negative but stochastic component to the incomes of registered farmers.We evaluate the impact of the program on risk attitudes and investmentbehavior of small-scale rice farmers in relatively poor North-eastern Thailand.To control for self-selection into the scheme, we use propensity score matching.We find that that participation in the program significantly makes farmersless risk-averse, induces higher investments and boosts incomes. Medium-termeffects are stronger than short-term effects.
