Construct · 1 fields · 1 citations

full insurance hypothesis: a standalone construct

One name. One construct. A landmark on the map.

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full insurancehypothesis1 CONSTRUCTFull insuranceTOWNSEND · DEVELOPMENT

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Development economics

the hypothesis that within a community household consumption moves with aggregate resources rather than with idiosyncratic income shocks.

In development economics, full insurance hypothesis refers to the hypothesis that within a community household consumption moves with aggregate resources rather than with idiosyncratic income shocks. This meaning comes from Townsend (1994) in Econometrica.[1]

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Nearby constructs

consumption smoothing1 fields · 1 citationsanchor · a standalone constructaggregate3 fields · 6 citationsjingle · one word, three constructscommunity5 fields · 7 citationsjingle · one word, five constructs

References

  1. Townsend, R. M. (1994). Risk and Insurance in Village India. Econometrica, 62(3), 539. https://doi.org/10.2307/2951659

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