Poor rural and urban households in developing countries face substantial risks, which they
handle with risk‐management and risk‐coping strategies, including self‐insurance through …

Consumption is the largest component of GDP. Since the 1950s, the life cycle and the
permanent income models have constituted the main analytical tools to the study of …

内容提要: 本文利用中国社会科学院经济研究所收入分配课题组1995, 1999 及2002
年的城镇住户调查数据分析收入不确定性, 失业风险, 医疗支出不确定性及教育支出等因素对 …

In this essay, we discuss the importance of consumption inequality in the debate concerning
the measurement of disparities in economic well-being. We summarize the advantages and …

We explore the impact of reduced transaction costs on risk sharing by estimating the effects
of a mobile money innovation on consumption. In our panel sample, adoption of the …

This paper examines the link between income and consumption inequality. We create panel
data on consumption for the Panel Study of Income Dynamics using an imputation …

We survey the theoretical and empirical literature on peer effects in education. Theoretical
models of peer effects are first summarized. Models of educational provision regimes in …

This paper provides a critical survey of the large literature on the life cycle model of
consumption, both from an empirical and a theoretical point of view. It discusses several …

One of the most sizable and least predictable shocks to economic opportunities in
developing countries is major illness. We investigate the extent to which families are able to …

In an overlapping generations economy with (incomplete) financial markets but no
intermediaries, there is underinvestment in safe assets. In an economy with intermediaries …