The evolution of consumption inequality and riskinsurance in Chile

Carlos Madeira

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: Using micro survey data, I show that income and consumption inequality fell substantially in Chile since 1987. Consumption inequality between and withingroups fell substantially over the last 35 years, especially for within groups. During this period, households use of financial services increased substantially.Estimating a standardconsumption model, the results reject both the autarky and the full risk sharing frameworks. It is found that for services and non-durable goods, consumption is almost half-way between autarky and full risk-sharing. However, purchases of Semi-Durables, Durables, Medical, Insurance, and other financial products are strongly affected by income fluctuations.

Date: 2023-04
New Economics Papers: this item is included in nep-his and nep-rmg
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.bcentral.cl/documents/33528/133326/DTBC_973.pdf (application/pdf)

Related works:
Journal Article: The evolution of consumption inequality and risk-insurance in Chile (2023)
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:chb:bcchwp:973

Access Statistics for this paper

More papers in Working Papers Central Bank of Chile from Central Bank of Chile Contact information at EDIRC.
Bibliographic data for series maintained by Alvaro Castillo ().