Risk Pooling and Precautionary Saving in Village Economies
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We propose a new method to test for efficient risk pooling that allows for intertemporal smoothing, non-homothetic consumption, and heterogeneous risk and time preferences. The method is composed of three steps. The first one allows for precautionary savings by the aggregate risk pooling group. The
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美国国家经济研究局创建时间：
2022-06-01
