EconPapers    
Economics at your fingertips  
 

Risk-Sharing between and within Families

Fumio Hayashi, Joseph Altonji and Laurence Kotlikoff ()

Econometrica, 1996, vol. 64, issue 2, 261-94

Abstract: This paper uses the Panel Study of Income Dynamics to test whether risk-sharing is complete between or within American families. The tests accommodate wide variety in the configuration and availability of family data. The test results reject inter- as well as intra-family full risk-sharing even assuming that leisure is endogenous or that leisure and consumption are nonseparable. Copyright 1996 by The Econometric Society.

Date: 1996
References: Add references at CitEc
Citations View citations in EconPapers (165) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0012-9682%2819960 ... O%3B2-Q&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ecm:emetrp:v:64:y:1996:i:2:p:261-94

Ordering information: This journal article can be ordered from
https://www.economet ... ordering-back-issues

Access Statistics for this article

Econometrica is currently edited by Daron Acemoglu

More articles in Econometrica from Econometric Society Contact information at EDIRC.
Series data maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2017-08-17
Handle: RePEc:ecm:emetrp:v:64:y:1996:i:2:p:261-94