We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … insurable within extended family networks. However, we find little evidence that the extended family provides insurance for such … decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each …

, the age profile of the insurance coefficient is sharply increasing, whereas BPP find no clear age slope in their estimate … estimator of the true insurance coefficient has, in general, a downward bias that grows as borrowing limits become tighter …

are significantly higher immediately following an income shock and diminish over time, with cumulative MPCs over a year …This paper studies how and why households adjust their spending, saving, and borrowing in response to transitory income …

accumulation in which households face idiosyncratic income risk and cannot commit to repay their debt. Therefore, even though a … equilibrium features imperfect insurance and a non-degenerate cross-sectional consumption distribution. When household labor … which limits to consumption insurance emerge endogenously due to limited commitment …

for middle and high income groups, but interestingly, it encourages asset accumulation among low income groups because it …

occupational prestige is explained almost entirely by shared education, and sibling resemblance in family income is explained … other socioeconomic outcomes. Second, across the life course, siblings converge in earnings and income and maintain stable … earnings and income than nonblack siblings overall, but black siblings dramatically converge in income across the life course …

This paper studies asymmetry of information and transfers within a unique data set of 712 extended family networks from … Tanzania. Using cross-reports on asset holdings, we construct measures of misperception of income among all pairs of households … over-evaluation or under-evaluation of income in our data, although there is a slight over-evaluation on the part of …

few and the economic advantage of being born to a rich and super-rich family, at the cost of reduced aggregate capital and …

Income Tax Credit. Using tax-reform induced variation in the federal EITC, we examine the impact of the credit on infant … health outcomes. We find that increased EITC income reduces the incidence of low birth weight and increases mean birth weight …. For single low education (<= 12 years) mothers, a policy-induced treatment on the treated increase of $1000 in EITC income …