Attanasio, Orazio; Mommaerts, Corina; Meghir, Costas - Cowles Foundation for Research in Economics, Yale University - 2015
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is insured, having accounted for public insurance programs....