A Test of Consumption Insurance
收藏NBER1988-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2642
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资源简介：
Are individuals effectively insured against idiosyncratic shocks to income or wealth by either formal or informal mechanisms? This paper shows that under perfect insurance, marginal utility should grow at the same rate for all consumers, and that the distribution of measured consumption growth rates
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美国国家经济研究局创建时间：
1988-07-01
