RIEBセミナー RIEB Seminar

日時 2017年1月17日(火)午後3時30分から午後5時00分まで
会場 神戸大学経済経営研究所 会議室(新館2階)
対象 教員、院生、および同等の知識をお持ちの方
使用言語 英語
備考 論文のコピーは共同研究推進室にご用意いたします。


報告者 今井 克
所属 マンチェスター大学経済学部
論題 Consumption Smoothing and Risk Coping Mechanisms: Evidence from Rural India
要旨 Using the monthly ICRISAT panel data from 2009 to 2012, we test whether households smooth consumption in response to weather-driven income shocks in rural India. We find that the net balance of aggregate savings is almost perfectly responsive to income shocks. Consistent with a standard poverty trap model, while small and medium landholders hold on to their livestock and machinery and dissave less productive consumer durables, richer households draw from a variety of assets in face of shocks. Our results imply that households are able to self-insure even when institution fails to provide formal insurance mechanisms and markets operate inefficiently.