Kinnan, Cynthia; Krislert Samphantharak; Townsend, Robert M. - 2020
In village economies, insurance networks are key to smoothing shocks, while production networks can propagate them. The … when existing links experience negative shocks. Propagation is a function of access to insurance networks: well …-level) gains from expanding safety nets such as health insurance may be substantially higher than private (household-level) gains. …