Risk Pooling, Risk Preferences, and Social Networks
Garance Genicot, Orazio Attanasio, Abigail Barr, Juan Camilo Cardenas and Costas Meghir ()
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Garance Genicot, Orazio Attanasio, Abigail Barr, Juan Camilo Cardenas and Costas Meghir: Department of Economics, Georgetown University, http://www9.georgetown.edu/faculty/gg58/
Authors registered in the RePEc Author Service: Orazio Attanasio (),
Garance Genicot (),
Abigail Barr (),
Costas Meghir () and
Juan-Camilo Cardenas ()
Working Papers from Georgetown University, Department of Economics
Using data from an experiment conducted in 70 Colombian communities, we investigate who pools risk with whom when trust is crucial to enforce risk pooling arrangements. We explore the roles played by risk attitudes and social networks. Both theoretically and empirically, we find that close friends and relatives group assortatively on risk attitudes and are more likely to join the same risk pooling group, while unfamiliar participants group less and rarely assort. These findings indicate that where there are advantages to grouping assortatively on risk attitudes those advantages may be inaccessible when trust is absent or low.
Keywords: Field experiment; risk sharing; social sanctions; insurance; group formation; matching. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo, nep-exp, nep-ias, nep-net, nep-soc and nep-upt
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Journal Article: Risk Pooling, Risk Preferences, and Social Networks (2012)
Working Paper: Risk Pooling, Risk preferences, and Social Networks (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:geo:guwopa:gueconwpa~11-11-05
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Roger Lagunoff Professor of Economics Georgetown University Department of Economics Washington, DC 20057-1036
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