Growing apart: Declining within- and across-locality insurance in rural China

IF 5.1 1区 经济学 Q1 ECONOMICS
Orazio Attanasio , Costas Meghir , Corina Mommaerts , Yu Zheng
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引用次数: 0

Abstract

We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late 2000s. We document an erosion of consumption insurance against both household-level idiosyncratic and village-level aggregate income shocks, and show that this decline is related to observable economic changes: the shift out of agriculture, the decline of publicly owned Township-and-Village Enterprises, and increased migrant work. Further evidence suggests that as these changes took place at the village level, higher levels of government failed to offset these effects through the tax-and-transfer system, leaving households more exposed to both idiosyncratic and village-aggregate risk.

渐行渐远:中国农村地区的区内和跨区保险不断减少
我们研究了中国农村在 20 世纪 80 年代末到 2000 年代末经济快速转型期间的风险分担情况。我们记录了针对家庭层面的特异性冲击和村庄层面的总收入冲击的消费保险的减少,并表明这种减少与可观察到的经济变化有关:农业向外转移、公有制乡镇企业的衰落以及外出务工的增加。进一步的证据表明,由于这些变化发生在村一级,上级政府未能通过税收和转移支付制度来抵消这些影响,从而使家庭更容易受到特异性风险和村级总体风险的影响。
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来源期刊
CiteScore
8.30
自引率
4.00%
发文量
126
审稿时长
72 days
期刊介绍: The Journal of Development Economics publishes papers relating to all aspects of economic development - from immediate policy concerns to structural problems of underdevelopment. The emphasis is on quantitative or analytical work, which is relevant as well as intellectually stimulating.
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