Do agricultural households share risks in Thailand? Evidence from Thai household socio-economic panel survey data

Aeggarchat Sirisankanan ()
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Aeggarchat Sirisankanan: Faculty of Accountancy and Management, Mahasarakham University, Khamriang Subdistrict, Khatarawichai District, Maha Sarakham 44150, Thailand

Asia-Pacific Development Journal, 2013, vol. 20, issue 2, 89-108

Abstract: For this paper, three waves of the Thai Socio-Economic Panel Survey data which cover the years 2005-2007, are used for the first time to examine risk sharing through many specifications. The findings show that the null hypothesis of full insurance against income shock is rejected for the whole country case together with a group consisting of a sample from the Central, Eastern and Western regions. This rejection, nevertheless, is supported by the existence of evidence of partial insurance for the whole country case. Unlike income shock, a specific adverse shock, which uses the illness of the household head as a proxy, is fully insured by households for all region groups except a group consisting of a sample from the Central, Eastern and Western regions.

Keywords: Income shock; risk sharing; consumption smoothing; Thai household panel data Model (search for similar items in EconPapers)
JEL-codes: O12 Q12 R20 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:unt:jnapdj:v:20:y:2013:i:2:p:89-108

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