Consumption insurance among Blacks and Whites

Arbeitspapier

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less insured. We probe these results by performing a double/debiased lasso estimation of the treatment effects of a health shock, and we find that such effects are both larger and more long-lasting for Blacks than for Whites. With the help of a toy model, we show that, having a lower life expectancy, Blacks save less and, as a consequence, are less insured than Whites against both income and health shocks.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Papers ; No. 22-09

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth ; Consumer Economics: Empirical Analysis
• Thema: Consumption ; Insurance ; Inequality ; Savings ; Life Expectancy

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Naguib, Costanza
• Ereignis: Veröffentlichung
• (wer): University of Bern, Department of Economics
• (wo): Bern
• (wann): 2022

Weitere Informationen

• Handle: http://hdl.handle.net/10419/266514
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ