We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … insured, having accounted for public insurance programs. We apply our framework to extended family networks in the United … decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is …

and significant for older, lower-income, and home-owning households. We find little evidence that the propensity to spend …

Using comprehensive account records, this paper examines how individuals respond to a temporary drop in income … following the 2013 U.S. Federal Government shutdown. Affected employees saw their income decline by 40% on average, which was …

life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that …

of additional transitory income, and small propensities to consume out of news about future income. We document the …

. The data show that out-of-pocket medical expenses rise quickly with both age and permanent income. For many elderly people … to leave bequests. Social insurance programs such as Medicaid rationalize the low asset holdings of the poorest. These …

heterogeneity. In contrast to simpler models that attribute all income fluctuations to shocks, our framework disentangles … productivity risk is greater than the value of unemployment insurance which provides (partial) insurance against employment risk … and no insurance against persistent shocks. …