Income Smoothing and Consumption Smoothing
Bibliographic Data
| ID | 4028879 |
|---|---|
| Authors | Jonathan Morduch (0000-0002-1837-9579, Associate Professor of Economics, Harvard University, Cambridge, Massachusetts; Princeton University, Princeton, New Jersey., corresponding author) |
| Year | 1995 |
| Volume | 9 |
| Issue | 3 |
| Pages | 103-114 |
| Publication date | 1995-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.9.3.103 |
| OpenAlex | W2120370613 |
| Language | EN |
| Citations received | 292 |
| References cited | 14 |
One way that risk-averse households protect consumption levels is to borrow and use insurance mechanisms. Another way, common in low-income economies, is to diversify economic activities and make conservative production and employment choices. Households thus tend toward limiting exposure only to shocks that can be handled with available credit and insurance. Typically, both types of mechanisms are studied independently but much more can be learned by studying them together. First, we obtain a more complete picture of risks, costs, and insurance possibilities. Second, it opens the way to considering biases in standard tests of credit and insurance
Actuarial science · Business cycle · Consumption smoothing · Economics · Limiting · Macroeconomics · Microeconomics · Smoothing · Agricultural risk and resilience · Computer Science · Financial Literacy, Pension, Retirement Analysis · Income, Poverty, and Inequality
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Searching for the Vulnerable
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Informal risk-sharing cooperatives
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Remittances, Banking Status and the Usage of Insurance Schemes
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Between the State and the Market
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Informal Insurance Arrangements with Limited Commitment
Insuring Consumption Against Illness
Indirect Effects of an Aid Program
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Do Tropical Forests Provide Natural Insurance? The Microeconomics of Non-Timber Forest Product Collection in the Brazilian Amazon
Impacts of Natural Disasters on Children
The Microfinance Promise
Barriers to Household Risk Management
Patterns of Rainfall Insurance Participation in Rural India
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Coping with health‐care costs
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Impact of cooperatives on smallholders' commercialization behavior
Why should the poor insure? Theories of decision-making in the context of health insurance
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Climate change and health vulnerability in informal urban settlements in the Ethiopian Rift Valley
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Social Security and Private Transfers in Developing Countries
Risk and Insurance in Village India
Intrahousehold Allocation of Nutrients in Rural India
Consumption Smoothing, Migration, and Marriage
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The persistence of land fragmentation in peasant agriculture
The Medieval Village
Wealth, Weather Risk and the Composition and Profitability of Agricultural Investments
| Unique citing works | 292 |
|---|---|
| Citations per year | 10,07 |
| Citation span | 1997 - 2026 (30) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 269 |