Insurance in extended family networks
Orazio Attanasio (),
Costas Meghir () and
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Orazio Attanasio: Institute for Fiscal Studies and Institute for Fiscal Studies and University College London
Corina Mommaerts: Institute for Fiscal Studies
No W18/17, IFS Working Papers from Institute for Fiscal Studies
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each component is insured. We apply our framework to extended family networks in the United States by exploiting the unique intergenerational structure of the Panel Study of Income Dynamics. We find that over 60% of shocks to household income are potentially insurable within extended family networks. However, we find little evidence that the extended family provides insurance for such idiosyncratic shocks.
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Working Paper: Insurance in Extended Family Networks (2018)
Working Paper: Insurance in Extended Family Networks (2015)
Working Paper: Insurance in extended family networks (2015)
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