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Migration and informal insurance
Meghir, Costas; Mobarak, Ahmed Mushfiq; Mommaerts, Corina; … - 2019 - Current version: July 10, 2019
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. We explain this finding using a...
Persistent link: https://www.econbiz.de/10012030472
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Migration and informal insurance
Meghir, Costas; Mobarak, Ahmed Mushfiq; Mommaerts, Corina; … - 2020 - Current version: August 22, 2020
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. Our model of endogenous migration...
Persistent link: https://www.econbiz.de/10012433427
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Insurance and Rural Welfare: What can Panel Data tell us?
Elbers, Chris; Gunning, Jan Willem; Pan, Lei - 2007
Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …
Persistent link: https://www.econbiz.de/10010325576
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Insurance and rural welfare : what can panel data tell us?
Elbers, Chris; Gunning, Jan Willem; Lei Pan - 2006 - Rev.
Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …
Persistent link: https://www.econbiz.de/10011350366
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Growth and Risk: Methodology and Micro Evidence
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - 2003
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10010324821
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Growth and risk : methodology and micro evidence
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2006 - Rev.
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10011334326
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The Effect of Health and Employment Risks on Precautionary Savings
Geyer, Johannes - 2011
This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating future net-income risks. The uncertainty measure takes into account the interdependency of labour market status and health. The model is estimated for prime age males using the...
Persistent link: https://www.econbiz.de/10011601050
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The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - 2001
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 – 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...
Persistent link: https://www.econbiz.de/10010262612
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Wage risk and employment risk over the life cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - 2008
heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10010268615
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Precautionary Savings of Agents with Heterogeneous Risk Aversion
Limosani, Michele; Millemaci, Emanuele - 2012
This paper focuses on the estimation of the importance of the precautionary motive in the wealth accumulation decision. We use a micro dataset containing information on wealth, a subjective measure of income uncertainty and subjective indicators of risk aversion. The latter makes us possible to...
Persistent link: https://www.econbiz.de/10011496190