Journal article
Risk-Sharing Networks in Rural Philippines.
- Abstract:
- Using detailed data on gifts, loans, and asset sales, this paper investigates how rural Filipino households deal with income and expenditure shocks. We find that shocks have a strong effect on gifts and informal loans, but little effect on sales of livestock and grain. Mutual insurance does not appear to take place at the village level; rather, households receive help primarily through networks of friends and relatives. Certain shocks are better insured than others. The evidence is consistent with models of quasi-credit where risk is shared within networks through flexible, zero-interest informal loans combined with pure transfers.
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Authors
- Journal:
- Journal of Development Economics More from this journal
- Volume:
- 71
- Publication date:
- 2003-01-01
- Language:
-
English
- UUID:
-
uuid:db3e674d-2ff3-4dd0-84f8-bbf31392cd4f
- Local pid:
-
oai:economics.ouls.ox.ac.uk:10868
- Deposit date:
-
2011-08-16
- ARK identifier:
Terms of use
- Copyright date:
- 2003
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