A number of studies suggest the risk preference of low income individuals can result in behaviour that create conditions of sub optimal investment and thus persistent poverty. In this paper, we carry out a study with small-scale farmers in the Matzikama Municipality of the Western Cape, South Africa. We investigate how risk preference affect technology investment amongst small-scale farmers in developing countries.
In this paper we use income data of 873 street waste pickers in South Africa to assess whether their income is sufficient to make a living and to identify the possible factors that may influence their income. The results can assist policy makers to make informed decisions in designing and implementing policies aimed at improving the street waste pickers’ income earning potential. The results of a linear and logistic regression analysis show that street waste pickers’ income is low and many of the street waste pickers in South Africa are trapped in persistent and chronic poverty.