--956) test if risk sharing across households is complete in the sense that household consumption moves one-for-one with aggregate … consumption. In their studies the source of income risk is idiosyncratic, and agents can share risk across the entire economy …. Using a sample of households from the Panel Study on Income Dynamics (PSID), we explore whether households share the risk …

wherin a state s representative individual may choose to marry in order to diversify his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state s initial income and growth rate is lower. A test of the model s predictions …, using cross-sectional data for the 50 U.S. states, suggests that there is broad support for a risk sharing motive for …

-level data from the US, we find that the degree of bilateral consumption risk sharing decreases with geographic distance. To … risk sharing which are subject to frictions that covary with distance. Calibrated to the US data, the model not only …

wherein a state's representative individual may choose to marry in order to diversity his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state's initial income and growth rate is lower. A test of the model's predictious …, using cross - sectional data for the 50 U.S. states, suggests that there is broad support for a risk sharing motive for …

wherin a state's representative individual may choose to marry in order to diversify his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state's initial income and growth rate is lower. A test of the model's predictions …, using cross-sectional data for the 50 U.S. states, suggests that there is broad support for a risk sharing motive for …