% for Tajikistan (38%) for Haiti (-13%). Subsequently, we explore why the extent of risk sharing through remittances is so … risk sharing via remittances: the more diverse the migration destinations of a country, higher will be the amount of risk … risk sharing. We also find suggestive evidence that remittances originating from more distant countries facilitate more …

In this paper we propose an approach to vulnerability called perceived vulnerability to downside risk. We argue that … propose to use subjective risk perception as the source of information for quantifying vulnerability since it overcomes some … vulnerability to downside risk to risk perception data from Thailand and Vietnam and find that households in the latter country tend …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …. Second, the addition of peer-monitoring overcompensates, leading to sharp reductions in risk-taking and profitability. Equity …

Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk … taking by some members of a potential risk sharing group affecting not only their own but also their co-members risk exposure …, affects both risk taking and ex post sharing. The experimental subjects were Sri Lankan small-holders who face interdependent …

In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk …-sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a … wide set of research questions concerning why China and Europe relied on different social organizations for risk sharing. …