EconPapers    
Economics at your fingertips  
 

A note on risk sharing against idiosyncratic shocks and geographic mobility in Japan

Tomoaki Yamada ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this study, using Japanese household panel data, we analyze how well idiosyncratic income risks are shared by regions. We find that geographic mobility influences individual consumption growth rates, suggesting that complete asset markets fail to exist. We reject the full insurance hypothesis for both urban and rural areas and find that the extent of risk sharing differs significantly by region.

Keywords: Risk sharing; Consumption insurance; Geographic mobility (search for similar items in EconPapers)
JEL-codes: D12 D31 E21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ias, nep-mac and nep-ure
Date: 2014-03-28
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/54886/1/MPRA_paper_54886.pdf original version (application/pdf)

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:pra:mprapa:54886

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2018-07-12
Handle: RePEc:pra:mprapa:54886