Risk Sorting, Portfolio Choice, and Endogenous Informal Insurance
收藏NBER2014-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20429
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资源简介：
Heterogeneously risk-averse individuals who lack access to formal insurance build and use relationships with each other to manage risk. I study the formation of these relationships. I show that the composition of equilibrium groups under pairwise matching and when group size is endogenous is
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美国国家经济研究局创建时间：
2014-08-01
