Are Remittances Insurance?
A basic theoretical result is that if there is a Pareto-efficient allocation of risk across individual entities (in this case, individual household members) in a risk-sharing arrangement, individual consumption should not be affected by idiosyncratic income shocks. Data and Sample Construction The e...
| Main Authors: | , |
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| Format: | Journal Article |
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World Bank
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/4455 |