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| Skoufias, Emmanuel; Quisumbing, Agnes R.. |
| This paper synthesizes the results of five studies using household panel data from Bangladesh, Ethiopia, Mali, Mexico and Russia, which examine the extent to which households are able through formal and/or informal arrangements to insure their consumption from specific economic shocks and fluctuations in their real income. Building on the recent literature of consumption smoothing and risk sharing, the degree of consumption insurance is defined by the degree to which the growth rate of household consumption covaries with the growth rate of household income. All the cases studies show that food consumption is better insured than nonfood consumption from idiosyncratic shocks. Adjustments in nonfood consumption appear to act as a mechanism for partially... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Bangladesh; Consumption; Ethiopia; Income; Mali; Mexico; Poverty; Risk-sharing; Russia; Vulnerability; Food Security and Poverty. |
| Ano: 2003 |
URL: http://purl.umn.edu/16424 |
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| Witoelar, Firman. |
| This paper uses data from two waves of the Indonesia Family Life Survey (IFLS2-1997 and IFLS3-2000) to investigate whether households that belong to the same extended families pool their income to smooth their consumption. We exploit the fact that the survey also tracks and interviews split-off households during the follow-up surveys, enabling us to construct a panel of extended families. The findings suggest that in contradiction to the null hypothesis of extended-family income pooling, household own income still matters to household consumption even after controlling for extended family resources. The result stands after correcting for potential measurement error and endogeneity of income. More importantly, the findings also suggest that although the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Consumption smoothing; Risk-sharing; Extended families; Consumer/Household Economics; D13; J12; O12. |
| Ano: 2005 |
URL: http://purl.umn.edu/28472 |
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