Consumption and Income Inequality in Sub-Saharan Africa: A Lifetime with No Humps and Low Partial Insurance

Raul Santaeulalia-Llopis and Leandro de Magalhaes
Additional contact information
Raul Santaeulalia-Llopis: Washington University in St. Louis

No 1287, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: We conclude that low partial insurance is the norm in the rural areas of SSA and that credit constraints, savings constraints, and imperfect enforceability with a high risk of default are good reasons for it. The one lesson that we are learning is that theories that incorporate credit constraints, savings constraints, and some degree of lack of commitment are the ones more suitable to understand the degree of consupmtion insurance in SSA and possibly growth in these contexts. We are currently pursuing a quantitative theory of that short.

Date: 2014
New Economics Papers: this item is included in nep-ias and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://red-files-public.s3.amazonaws.com/meetpapers/2014/paper_1287.pdf (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:red:sed014:1287

Access Statistics for this paper

More papers in 2014 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().