remittances are jointly determined, we exploit rainfall shocks as instrumental variables for income changes. In households with …

framework which we use to explain households’ decisions to insure against idiosyncratic risk and save to protect against … uninsurable spatially covariant risk. In the theoretical model we show that the latter can take a variety of different asset forms … depending on the absolute level of risk aversion of the household and the variability in asset returns. Second, using household …

Why do many households remain exposed to large exogenous sources of nonsystematic income risk? We use a series of … rainfall insurance product. Demand is significantly price sensitive, but widespread take-up would not be achieved even if the …

important question is therefore whether risk-sharing within the household is effective. This paper presents results from a field … small relative to lifetime income, men increase private consumption when they receive the shock but not when their wives do …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

It is known in the literature that affective reactions and subjective factors influence the evaluation of risk. The … goal of our work is to assess to what extent recent regulation change in the description of risk, the Synthetic Risk … by the name of the fund ("name effect") and capable of taking into account the subjective dimension of risk perception …