This paper considers the formation of risk-sharing networks. Following empirical findings, we build a model where risk … risk-sharing outcomes. These results may help explain empirical findings that risk-sharing is often not symmetric or …

Using original data on gifts and loans, this paper investigates how rural Filipino households deal with income and … not serve to efficiently share risk. Certain shocks are better insured through gifts and loans than others. Mutual … relatives. Network quality matters. Risk is shared through flexible, zero interest informal loans rather than gifts. The …

insurance may have unintended side effects. In particular, it might affect traditional risk-sharing arrangements where income … simultaneously affected by a shock, e.g. by droughts or floods, formal insurance is a valuable addition to informal risk-sharing. By … disasters. Insurance products specifically designed for the needs of low-income households in developing countries are seen as …