While the literature on consumption insurance is growing fast, little research has been conducted on how rural … consumption insurance is affected by democracy. In this paper the authors examine how consumption insurance of Chinese rural … 1987 to 2002, they find that consumption insurance is more complete when the households are in villages with elected …

catastrophic payments are mutually exclusive outcomes. They achieve this by expressing out-of-pocket payments as a ratio of'discretionary'consumption …, defined as the amount by which total consumption (gross of out-of-pocket payments) exceeds the poverty line. This allows the …: those that absorb more than a pre-specified fraction of discretionary consumption; and those that leave a household …

in a typical household survey data, the inequality measures based on the data are unusually low. For example, for the … latest three years for which we have data (2002 - 2004), the consumption Gini coefficient (the commonly used summary measure … of inequality) is in the range of 16 - 18 percent. This is among the lowest Gini coefficients ever observed in any …

explored in panel data for Ethiopia. Historical rainfall distributions are used to identify the counterfactual consumption risk …, but also the possibly low consumption outcomes when harvests fail, discourage the application of fertilizer. The lack of …

Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price … unequal the distribution of aggregate consumption across households. Likewise, changes in observed nominal consumption … inequality may be very different from those in true inequality, that is, that measured using household-specific CPIs. The authors …

percentage increase in consumption levels that leaves individuals indifferent between, autarky and risk-sharing. The author … proposes to measure welfare gains as the increase in consumption growth, instead of consumption levels. When the consumption …, and it is robust to alternative specifications of the consumption stochastic processes (from geometric Brownian processes …

small impacts on mean consumption and inequality in the aggregate. There are both gainers and losers and (contrary to past … inequality into a"vertical"component (between people at different pre-reform welfare levels) and a"horizontal"component (between … full de-protection. The diverse impacts reflect a degree of observable heterogeneity in consumption behavior and income …

This paper attempts to find support for the life-cycle model of consumption under the assumption that some consumers … are excluded from the credit market. An intertemporal model of consumption is put forward that allows a fraction of … consumers to be credit rationed. The model defines credit rationing as the constraints on consumption created by lack of access …

that are generated by catastrophic events or natural disasters. The author shows that despite high consumption growth, the … Caribbean region suffers from a high volatility of consumption that decreases household welfare. After presenting some empirical … evidence that consumption volatility is higher in the Caribbean region than in the rest of the world, he makes some empirically …