How Much Consumption Insurance Beyond Self-Insurance?
收藏NBER2009-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15553
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资源简介：
We assess the degree of consumption smoothing implicit in a calibrated life-cycle version of the standard incomplete-markets model, and we compare it to the empirical estimates of Blundell et al. (2008) (BPP hereafter). We find that households in the model have access to less consumption-smoothing
提供机构：
美国国家经济研究局
创建时间：
2009-12-01
