Are the poor more vulnerable to income shocks? An analysis of consumption insurance in rural India
This paper examines the extent of consumption insurance against income risk by households in rural India. We estimate the effects of income changes on consumption after controlling for aggregate shocks through changes in village level consumption and household size. We also test whether there is a systematic wealth effect on the extent of consumption insurance against idiosyncratic income shocks by classifying the households on the basis of landholding, which is the primary...[Show more]
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