Shocks, risk-sharing and consumption smoothing
Mobile Phone Expansion, Informal Risk Sharing, and Consumption Smoothing: Evidence from Rural Uganda
... of consumption smoothing using data collected in rural Uganda in 2003 and ...helps consumption smoothing against covariate shocks but not idiosyncratic ...informal risk ...
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Labor Supply and Consumption Smoothing When Income Shocks Are Non-Insurable
... for consumption smoothing in developed ...in consumption determination and is not used as a consumption smoothing ...their consumption levels against unforeseen shortfalls, like ...
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Consumption Smoothing Across Space: Testing Theories of Risk-Sharing in the ICRISAT Study Region of South India
... weather shocks, climatic and soil conditions are heterogeneous within villages such that much risk is idiosyncratic even in small ...idiosyncratic shocks, suggesting substantial scope for ...
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International risk-sharing and the transmission of productivity shocks
... tive consumption is negative, and the comovements in aggregates across countries are broadly in line with those in the ...of risk-sharing for two very different patterns of the international ...
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The Impact of Conditional Cash Transfer Programs Under Risk-Sharing Arrangements: Schooling and Consumption Smoothing in Rural Mexico
... without risk sharing and find that the effect of the CCT program on schooling outcomes and household welfare is larger under autarky than under risk ...under risk shar- ...income shocks ...
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Together forever? Good and bad market volatility shocks and international consumption risk sharing: A tale of a sign
... of risk sharing is not as high as ...international consumption risk sharing is to show that there are considerable differences in the degree of capital markets integration after good ...
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Asymmetric Shocks and Regional Risk Sharing: Evidence from Japan
... and consumption simultaneously, motivated by the consumption of luxury ...regional shocks asymmetric to the regions in the 1990s, and thus the overall degree of risk sharing across ...
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Risk sharing and Consumption smoothing Patterns in the US and the Euro Area: A comprehensive comparison CEPS Working Document No 2017/04, May 2017
... international risk- sharing in the euro area, if any at all, even though some improvement occurred after 1998, and this is in line with the empirical findings about the very limited capacity of ...
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International Business Cycles and Risk Sharing with Uncertainty Shocks and Recursive Preferences
... the risk aversion coefficient exceeds the inverse of the intertemporal substitution elasticity, then an exogenous rise in a country’s output volatility triggers a wealth transfer to that country, to compensate for ...
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International Financial Markets, Cross-Border Transmission of Shocks and Risk-Sharing.
... income shocks. However, results about the actual extent of international risk-sharing and its evolution over time are still not ...full risk-sharing, but once this null is rejected they ...
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Assessing the Euro Area’s Shock-Absorption Capacity Risk sharing, consumption smoothing and fiscal policy. CEPS Special Report No. 146 / September 2016
... to shocks that takes into account the recent governance developments and help understand if and which additional mechanisms are ...to shocks is indeed particularly relevant in the current context where a ...
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Social groups and credit shocks : evidence of inequalities in consumption smoothing
... the consumption basket at the household level, we converted the total household expenditure to average household ...household consumption expenditure is constructed at the district level by adding the ...
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Income Shocks, Coping Strategies, and Consumption Smoothing. An Application to Indonesian Data
... regard consumption behavior, there are two main differences between poor and non- poor ...smooth consumption relative to income, this is not so for small farms: for the latter, the main components of ...
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Financial Wealth, Consumption Smoothing, and Income Shocks due to Job Loss
... may influence the marginal utility of consumption in the different labour market states and the lay-off rate, as argued in Section 2. Therefore, we include in the empirical regression variables that are related to ...
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Shocks, Stocks and Socks: Consumption Smoothing and the Replacement of Durables During an Unemployment Spell.
... Internal Capital Markets 2.20 3 0.53 Notes: 1. The restrictions corresponding to each model are discussed in the text. To summarize, benefits appear to have an effect on the structure of demand, conditional on total ...
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A note on risk sharing against idiosyncratic shocks and geographic mobility in Japan
... of risk sharing differs significantly by ...First, consumption growth in the Tohoku region, which is the most rural area among the four district in Table 4, is more influenced by idiosyncratic income ...
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Poverty risk and consumption smoothing abilities in Russia
... households smoothing behaviour by means of an Error Correction Mechanism (ECM); this model explicitly distinguishes between short and long run dynamics of consumption and income and thus better exploits the ...
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Consumption Risk-sharing in Social Networks
... good risk-sharing in most states of the ...idiosyncratic shocks, the standard deviation of the total endowment of the group is proportional to the square root of group ...
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Consumption risk sharing and adjustment costs
... full risk sharing may not be at odd with the idea that changes in regional consumption display error-correcting dynamics, in line with the idea that information and transaction costs stemming from ...
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Consumption and Income Smoothing
... income smoothing takes place within the households (intra-temporally), and consumption smoothing takes place among the households ...Idiosyncratic risk sharing within the family is ...
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