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We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and complement the results with a measure based on optimal portfolio choice. Among households with relatives living in the same village, full insurance cannot be rejected, suggesting that...
Persistent link: https://www.econbiz.de/10013131495
extensive networks, taking advantage of panel data: income, assets, consumption, gifts, and loans. We decompose risk and …
Persistent link: https://www.econbiz.de/10013071516
d'Ivoire and Thailand. We use a series of household surveys from these two countries to present evidence on factors … affecting the living standards of the elderly: living arrangements, labor force participation, illness, urbanization, income and … consumption. One of the issues we examine is whether life-cycle patterns of income aid consumption can be detected in the data …
Persistent link: https://www.econbiz.de/10012776931
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012780226
residuals are large enough to be viewed as indicators of involuntary' accumulation of excess reserves. Results for Thailand …
Persistent link: https://www.econbiz.de/10012786267
Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the …
Persistent link: https://www.econbiz.de/10012759606
large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a …
Persistent link: https://www.econbiz.de/10013220091
factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …
Persistent link: https://www.econbiz.de/10013221289
concerns about income inequality put to the fore the degree that better targeted investment in human capital may ameliorate the … challenges facing the working poor. Using cross-country data, we find the association between the income shares of the working … particular lower-income households. We also note that a tracking of technical training and educational budget, shown in the case …
Persistent link: https://www.econbiz.de/10013224127
financial crises in the late 1990s: Brazil, Russia, and Thailand. Our findings indicate that financial turbulence in these …
Persistent link: https://www.econbiz.de/10013226155