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dc.contributor.authorFafchamps, Marcelen_US
dc.date.accessioned2011-12-14T09:40:22Z-
dc.date.available2011-12-14T09:40:22Z-
dc.date.issued2002en_US
dc.identifier.isbn9291901334en_US
dc.identifier.urihttp://hdl.handle.net/10419/52827-
dc.description.abstractIn poor societies, asset accumulation serves as insurance. It also opens the door to wider inequality. Many societies prohibit certain types of accumulation, such as land sales or indenture contracts. This paper investigates the theoretical relationship between risk sharing, asset accumulation, and long-term inequality. Scenarios with and without growth are contrasted. The paper also examines how asymmetric risk sharing (patronage) interacts with wealth accumulation to generate unequal distribution of assets and consumption while providing insurance to the poor. The paper provides insights for policy related to poverty and insurance. It refers to empirical evidence without providing new empirical findings. – inequality ; poverty ; precautionary savings ; patronage ; mutual insurance ; risk sharing ; wealth distributionen_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/07en_US
dc.subject.jelO16en_US
dc.subject.jelD30en_US
dc.subject.ddc330en_US
dc.subject.stwArmuten_US
dc.subject.stwVermögensverteilungen_US
dc.subject.stwKapitalanlageen_US
dc.subject.stwRisikoen_US
dc.subject.stwSoziale Mobilitäten_US
dc.subject.stwTheorieen_US
dc.subject.stwPrivatversicherungen_US
dc.titleInequality and risken_US
dc.typeWorking Paperen_US
dc.identifier.ppn345964365en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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