Replication data for: Testing Efficient Risk Sharing with Heterogeneous Risk Preferences

Principal Investigator(s): View help for Principal Investigator(s) Maurizio Mazzocco; Shiv Saini

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Project Citation:

Mazzocco, Maurizio, and Saini, Shiv. Replication data for: Testing Efficient Risk Sharing with Heterogeneous Risk Preferences. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112498V1

Project Description

Summary: We propose a method that enables one to test efficient risk sharing even when households have different risk preferences. The method is composed of three tests. The first one determines whether in the data households have homogeneous risk preferences. The second and third tests evaluate efficient risk sharing when the hypothesis of homogeneous risk preferences is rejected. We use this method to test efficient risk sharing in rural India. Using the first test, we strongly reject the hypothesis of identical risk preferences. Using the second and third tests, we reject efficiency at the village but not at the caste level. (JEL D12, D86, G22, O12, O18, R23, Z13)

Scope of Project

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      D86 Economics of Contract: Theory
      G22 Insurance; Insurance Companies; Actuarial Studies
      O12 Microeconomic Analyses of Economic Development
      O18 Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
      R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
      Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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V1 [2019-10-11]

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