| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14867 |
| DP14867 Bailing out the Kids: New Evidence on Informal Insurance from one Billion Bank Transfers | |
| Asger Lau Andersen; Niels Johannesen; Adam Sheridan | |
| 发表日期 | 2020-06-10 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We combine transaction-level data from the largest retail bank in Denmark and individual-level data from government registers to study informal insurance within social networks. Accounting for transfers in cash (money transfers) and in kind (cohabitation), we estimate that family and friends jointly replace around 7 cents of the marginal dollar lost within the bottom income decile, but much less at higher income levels. We document that informal insurance covers other adverse events than income losses: expenditure shocks, family ruptures and financial distress. Parents appear to be the key providers of informal insurance with a small amount of insurance coming from siblings and virtually none from grandparents and friends. Replacement rates vary monotonically with parent economic resources. |
| 主题 | Public Economics |
| 关键词 | Informal insurance altruism private transfers Risk sharing |
| URL | https://cepr.org/publications/dp14867 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543805 |
| 推荐引用方式 GB/T 7714 | Asger Lau Andersen,Niels Johannesen,Adam Sheridan. DP14867 Bailing out the Kids: New Evidence on Informal Insurance from one Billion Bank Transfers. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
