Risk Sharing and Network Formation.
In this paper we examine whether risk sharing networks are formed so as to maximize the mutual gains from pooling income risk. The bene…t from risk pooling is largest when households have different income pro…les - e.g., different occupations - and are subjected to di¤erent sources of risk - e.g., l...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
GPRG
2006
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