Consumption Smoothing Across Space: Testing Theories of Risk-Sharing in the ICRISAT Study Region of South India

Jonathan Morduch

No DP2002-55, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Panel data from villages in rural south India have been used for leading econometric studies on risk-sharing in village economies. The work has influenced debate on safety net design world-wide and has driven scholarly agendas on household economics. This paper critically surveys work to date and provides new results. The data show that state-contingent transfers between households can in principle reduce total income risk by between 40 and 90 per cent.

Keywords: Informal sector; Insurance; Risk management (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (5)

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