| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27290 |
| 来源ID | Working Paper 27290 |
| Consumption Insurance in Networks with Asymmetric Information | |
| Orazio Attanasio; Sonya Krutikova | |
| 发表日期 | 2020-06-01 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper uses a dataset from Tanzania with information on consumption, income and income shocks within and across family networks. Crucially and uniquely, it also contains data on the degree of information existing between each pair of households within family networks gCrucially and uniquely, it also contains data on the level of information each pair of households has about each other within family networks. We use these data to construct a novel measure of the quality of information both at the level of household pairs and at the level of the network. We also note that the individual level measures can be interpreted as measures of network centrality. We study risk sharing within these networks and explore whether the rejection of perfect risk sharing that we observe can be related to our measures of information quality. We show that households within family networks with better information are less vulnerable to idiosyncratic shocks. Furthermore, we show that more central households within networks are less vulnerable to idiosyncratic shocks. These results have important implications for the characterisation of the empirical failure of the perfect risk sharing hypothesis and point to the importance of information frictions. |
| 主题 | Development and Growth ; Development |
| URL | https://www.nber.org/papers/w27290 |
| 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/584961 |
| 推荐引用方式 GB/T 7714 | Orazio Attanasio,Sonya Krutikova. Consumption Insurance in Networks with Asymmetric Information. 2020. |
| 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 | ||
| w27290.pdf（455KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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