Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
"Studies of risk in developing economies have focused on consumption fluctuations as a measure of the value of insurance. A common view in the literature is that the welfare costs of risk and benefits of social insurance are small if income shocks do not cause large consumption fluctuations. We present a simple model showing that this conclusion is incorrect if the consumption path is smooth because individuals are highly risk averse. Empirical studies find that many households in developing countries rely on inefficient methods to smooth consumption, suggesting that they are indeed quite risk averse. Hence, social safety nets may be valuable in low-income economies even when consumption is not very sensitive to shocks"--National Bureau of Economic Research web site.
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
Showing 2 featured editions. View all 2 editions?
Edition | Availability |
---|---|
1
Consumption smoothing and the welfare consequences of social insurance in developing economies
2005, National Bureau of Economic Research
in English
|
zzzz
Libraries near you:
WorldCat
|
2
Consumption smoothing and the welfare consequences of social insurance in developing economies
2005, National Bureau of Economic Research
Electronic resource
in English
|
aaaa
|
Book Details
Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 11/22/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
Classifications
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?December 13, 2020 | Edited by MARC Bot | import existing book |
April 29, 2010 | Edited by WorkBot | merge works |
December 10, 2009 | Created by WorkBot | add works page |