| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16696 |
| 来源ID | Working Paper 16696 |
| Heterogeneity and Risk Sharing in Village Economies | |
| Pierre-André Chiappori; Krislert Samphantharak; Sam Schulhofer-Wohl; Robert M. Townsend | |
| 发表日期 | 2011-01-13 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and complement the results with a measure based on optimal portfolio choice. Among households with relatives living in the same village, full insurance cannot be rejected, suggesting that relatives provide something close to a complete-markets consumption allocation. There is substantial heterogeneity in risk preferences estimated from the full-insurance model, positively correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household would benefit from eliminating village-level risk, less-risk-averse households who are paid to absorb that risk would be worse off. |
| 主题 | Microeconomics ; Households and Firms ; General Equilibrium ; Economics of Information ; Behavioral Economics ; Financial Economics ; Portfolio Selection and Asset Pricing ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w16696 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574371 |
| 推荐引用方式 GB/T 7714 | Pierre-André Chiappori,Krislert Samphantharak,Sam Schulhofer-Wohl,et al. Heterogeneity and Risk Sharing in Village Economies. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16696.pdf（414KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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