Growing Apart: Declining Within- and Across-Locality Insurance in Rural China
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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
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美国国家经济研究局创建时间：
2022-06-01
