Dercon, Stefan; Weerdt, Joachim de - EconWPA - 2004
Most risk-sharing tests on developing country data are conducted at the level of the village; generally, the full risk …-sharing hypothesis is rejected. This paper uses detailed data on all insurance networks within a village in Tanzania; networks are not … clustered but largely overlapping. We test whether full risk-sharing occurs within these networks. We find that even within …