Attanasio, Orazio P.; Meghir, Costas; Mommaerts, Corina; … - National Bureau of Economic Research - 2022
We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late 2000s. We document an erosion of consumption insurance against both household-level idiosyncratic and village-level aggregate income shocks, and show that this decline is related...