Attanasio, Orazio P.; Meghir, Costas; Mommaerts, Corina; … - National Bureau of Economic Research - 2022
We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late … 2000s. We document an erosion of consumption insurance against both household-level idiosyncratic and village …-level aggregate income shocks, and show that this decline is related to observable economic changes: the shift from agriculture to …