Arbeitspapier
Insurance in extended family networks
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each component is insured. We apply our framework to extended family networks in the United States by exploiting the unique intergenerational structure of the Panel Study of Income Dynamics. We find that over 60% of shocks to household income are potentially insurable within extended family networks. However, we find little evidence that the extended family provides insurance for such idiosyncratic shocks.
- Language
-
Englisch
- Bibliographic citation
-
Series: IFS Working Papers ; No. W18/17
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Attanasio, Orazio P.
Meghir, Costas
Mommaerts, Corina
- Event
-
Veröffentlichung
- (who)
-
Institute for Fiscal Studies (IFS)
- (where)
-
London
- (when)
-
2018
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Attanasio, Orazio P.
- Meghir, Costas
- Mommaerts, Corina
- Institute for Fiscal Studies (IFS)
Time of origin
- 2018
Other Objects (12)
Educational reform, ability and family background
A retrospective on Friedman's theory of permanent income
Dynamic models for policy evaluation
Migration and informal insurance
Migration and informal insurance
Wages, experience and seniority
Moment conditions for dynamic panel data models with multiplicative individual effects in the conditional variance
The effect of a social experiment in education
Labour supply and taxation
Income variance dynamics and heterogeneity
Econometric methods for research in education
Assessing the effect of schooling on earnings using a social experiment
Educational reform, ability and family background
A retrospective on Friedman's theory of permanent income
Dynamic models for policy evaluation
Migration and informal insurance
Migration and informal insurance
Wages, experience and seniority
Moment conditions for dynamic panel data models with multiplicative individual effects in the conditional variance
The effect of a social experiment in education
Labour supply and taxation
Income variance dynamics and heterogeneity
Econometric methods for research in education
Assessing the effect of schooling on earnings using a social experiment
Educational reform, ability and family background
A retrospective on Friedman's theory of permanent income
Dynamic models for policy evaluation
Migration and informal insurance
Migration and informal insurance
Wages, experience and seniority
Moment conditions for dynamic panel data models with multiplicative individual effects in the conditional variance
The effect of a social experiment in education
Labour supply and taxation
Income variance dynamics and heterogeneity
Econometric methods for research in education