Consumption smoothing in island economies:: Can public insurance reduce welfare?

被引：102

作者：

Attanasio, O

Ríos-Rull, JV

机构：

[1] Univ Penn, Dept Econ, Philadelphia, PA 19104 USA

[2] UCL, London WC1E 6BT, England

[3] Ctr Econ Policy Res, London SW1Y 6LA, England

[4] Natl Bur Econ Res, Cambridge, MA 02138 USA

来源：

EUROPEAN ECONOMIC REVIEW | 2000年 / 44卷 / 07期

关键词：

consumption smoothing; public insurance; incomplete contracts;

D O I：

10.1016/S0014-2921(00)00034-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we study the effects of certain types of public compulsory insurance arrangements for aggregate shocks on private allocations in environments with limited commitment. We show that this type of insurance can improve the wellbeing of private situations, but it can also deteriorate it. We also describe how different characteristics of the environment affect the role of public insurance. Using data on the Mexican PROGRESA program, we document the impact that some government programs have in crowding out private transfers. (C) 2000 Elsevier Science B.V. All rights reserved. JEL classification: E60; H30; D83.

引用

页码：1225 / 1258

页数：34

共 21 条

[1] ON THE THEORY OF INFINITELY REPEATED GAMES WITH DISCOUNTING [J].