Risk sharing by households within and across regions and industries

被引：14

作者：

Hess, GD

Shin, K

机构：

[1] Oberlin Coll, Dept Econ, Oberlin, OH 44074 USA

[2] Korea Univ, Dept Econ, Seoul 136701, South Korea

来源：

JOURNAL OF MONETARY ECONOMICS | 2000年 / 45卷 / 03期

基金：

新加坡国家研究基金会;

关键词：

risk sharing; quantity anomaly;

D O I：

10.1016/S0304-3932(00)00007-6

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Cochrane (1991, Journal of Political Economy 99, 957-976) and Mace (1991, Journal of Political Economy 99, 928-956) test if risk sharing across households is complete in the sense that household consumption moves one-for-one with aggregate consumption. In their studies the source of income risk is idiosyncratic, and agents can share risk across the entire economy. Using a sample of households from the Panel Study on Income Dynamics (PSID), we explore whether households share the risk associated with their industries and regions across households in other regions and industries. We find that a large fraction of risk faced by households is not shared across regions and industries. (C) 2000 Elsevier Science B.V, All rights reserved. JEL classification: E21.

引用

页码：533 / 560

页数：28

共 50 条

[21] Local Area Grid: Power Distribution and Sharing within Neighboring Households
Issa, Ghassan F.
Shubita, Ahmad F.
Arqoub, Muhammad Abo
Banna, Abed Alkarim
[J]. 2013 1ST INTERNATIONAL CONFERENCE & EXHIBITION ON THE APPLICATIONS OF INFORMATION TECHNOLOGY TO RENEWABLE ENERGY PROCESSES AND SYSTEMS (IT-DREPS 2013), 2013, : 119 - 122
[22] The scale and drivers of carbon footprints in households, cities and regions across India
Lee, Jemyung
Taherzadeh, Oliver
Kanemoto, Keiichiro
[J]. GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 2021, 66
[23] Monetary policy with heterogeneous households and imperfect risk-sharing
Lee, Jae Won
[J]. REVIEW OF ECONOMIC DYNAMICS, 2014, 17 (03) : 505 - 522
[24] Risk sharing and private transfers: What about urban households?
Cox, D
Jimenez, E
[J]. ECONOMIC DEVELOPMENT AND CULTURAL CHANGE, 1998, 46 (03) : 621 - 637
[25] Knowledge sharing within and across communities: The CRICOS system
Ziovas, Stefanos
Grigoriadou, Maria
[J]. 8TH IEEE INTERNATIONAL CONFERENCE ON ADVANCED LEARNING TECHNOLOGIES, PROCEEDINGS, 2008, : 562 - 563
[26] Sharing the surplus in games with externalities within and across issues
Effrosyni Diamantoudi
Inés Macho-Stadler
David Pérez-Castrillo
Licun Xue
[J]. Economic Theory, 2015, 60 : 315 - 343
[27] Sharing the surplus in games with externalities within and across issues
Diamantoudi, Effrosyni
Macho-Stadler, Ines
Perez-Castrillo, David
Xue, Licun
[J]. ECONOMIC THEORY, 2015, 60 (02) : 315 - 343
[28] Social Technologies and Knowledge Sharing within and across Organizations
Jarrahi, Mohammad Hossein
[J]. PROCEEDINGS OF THE 17TH ACM INTERNATIONAL CONFERENCE ON SUPPORTING GROUP WORK, 2012, : 287 - 288
[29] Spillovers across industries and regions in China's regional economic diversification
Gao, Jian
Jun, Bogang
Pentland, Alex 'Sandy'
Zhou, Tao
Hidalgo, Cesar A.
[J]. REGIONAL STUDIES, 2021, 55 (07) : 1311 - 1326
[30] THE CORRELATION OF PRODUCTIVITY GROWTH ACROSS REGIONS AND INDUSTRIES IN THE UNITED-STATES
KOLLMANN, R
[J]. ECONOMICS LETTERS, 1995, 47 (3-4) : 437 - 443

← 1 2 3 4 5 →