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dc.contributor.authorMorduch, Jonathanen_US
dc.description.abstractPanel data from villages in rural south India have been used for leading econometric studies on risk-sharing in village economies. The work has influenced debate on safety net design world-wide and has driven scholarly agendas on household economics. This paper critically surveys work to date and provides new results. The data show that state contingent transfers between households can in principle reduce total income risk by between 40 and 90 per cent. But risk-sharing with respect to total consumption is in practice quite imperfect, both at the village-level and within groups defined by caste and farm size. Taken together the results suggest that substitutes for formal credit markets function only moderately effectively, leaving substantial scope for remedial public action.en_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/55en_US
dc.subject.keywordconsumption smoothingen_US
dc.subject.keywordrisk sharingen_US
dc.subject.keywordinformal insurance, Indiaen_US
dc.subject.stwIndien (Süd)en_US
dc.titleConsumption smoothing across space: Testing theories of risk-sharing in the ICRISAT study region of South Indiaen_US
dc.typeWorking Paperen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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