EconPapers    
Economics at your fingertips  
 

Consumption insurance between Japanese households

Miki Kohara

Applied Economics, 2001, vol. 33, issue 6, 791-800

Abstract: This paper examines the implication of the full insurance hypothesis and differences in its applicability across groups of households in Japan. Using a rare Japanese individual panel data set called the Japanese Panel Survey of Consumption, the paper first shows that the full insurance hypothesis is strongly rejected for the country as a whole. The paper further shows that the rich as well as the poor, and also college graduates as well as non-college graduates cannot insure their consumption against income shocks. In sharp contrast, urban residents can pool income shocks completely, whereas rural residents cannot. Rural residents suffer from income risks more seriously than urban residents in Japan.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840121946 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:applec:v:33:y:2001:i:6:p:791-800

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036840121946

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2020-07-26
Handle: RePEc:taf:applec:v:33:y:2001:i:6:p:791-800