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This paper examines the institutions that enable households to insure against idiosyncratic risk. Using a decentralized general equilibrium model, I test for consumption and leisure insurance against unanticipated income shocks. I find that differential access to markets (particularly financial...
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This paper examines the extent of gender gap in private school enrolment in India, an issue that has not been …
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however all likely to improve female schooling. We offer evidence from India consistent with our theoretical analysis …
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