-markets consumption allocation. There is substantial heterogeneity in risk preferences estimated from the full-insurance model, positively …We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and … village, full insurance cannot be rejected, suggesting that relatives provide something close to a complete …

-being improves significantly. Precautionary savings and credit therefore act as substitutes in providing self-insurance, and …

Empirical evidence on peer intermediation lags behind many years of lending practice and a large body of theory in … screening and enforcement effects. We allow for borrower heterogeneity in both ex-ante repayment type and ex-post susceptibility …

household's business. We also present some evidence of increases in profits and a reduction in consumption and savings. There is … no evidence that the program increased overall household income. …

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …

Using administrative credit report records and data collected through several special household surveys we analyze … changes in household debt and savings during the 2007 recession. We find that while different segments of the population were … higher saving rate appears to reflect a considerable decline in household debt, with households paying down mortgage debt in …

We measure the response of household spending to the economic stimulus payments (ESPs) disbursed in mid-2008, using …