Risk-sharing between and within families

被引：149

作者：

Hayashi, F

Altonji, J

Kotlikoff, L

机构：

[1] NORTHWESTERN UNIV,DEPT ECON,EVANSTON,IL 60208

[2] BOSTON UNIV,DEPT ECON,BOSTON,MA 02215

来源：

ECONOMETRICA | 1996年 / 64卷 / 02期

关键词：

risk-sharing; self-insurance; unbalanced panel; generalized method of moments;

D O I：

10.2307/2171783

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper uses the Panel Study of Income Dynamics to test whether risk-sharing is complete between or within American families. The tests accommodate a wide variety in the configuration and availability of family data. The test results reject inter- as well as intra-family full risk-sharing even assuming that leisure is endogenous or that leisure and consumption are nonseparable.

引用

页码：261 / 294

页数：34

共 16 条

[1]

ABEL A, 1988, UNPUB INTERGENERATIO

[2]

ALTONJI JG, 1992, AM ECON REV, V82, P1177

[3] HOUSEHOLD CHOICES IN EQUILIBRIUM [J].