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On consumption insurance in poor urban areas: Evidence from Ethiopia

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  • Eskander Alvi

    (Department of Economics, Western Michigan University, Kalamazoo, Michigan, USA)

  • Seife Dendir

    (Department of Economics, Radford University, Radford, Virginia, USA)

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    Abstract

    This paper tests the full insurance and related hypotheses using data from urban households in Ethiopia. Whereas consumption insurance tests have focused on rural areas of developing countries, much less is known about the urban poor who remain precariously positioned in terms of consumption insurance-owing both to weak social bonding that undermines informal arrangements and thin formal insurance and financial markets. Results from OLS and GMM estimations provide evidence to this effect and show that full insurance is strongly rejected for various income and consumption categories even at the local level. The results do suggest however that partial insurance may be taking place though only among the most vulnerable. Copyright © 2008 John Wiley & Sons, Ltd.

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    File URL: http://hdl.handle.net/10.1002/jid.1505
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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

    Volume (Year): 21 (2009)
    Issue (Month): 5 ()
    Pages: 699-713

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    Handle: RePEc:wly:jintdv:v:21:y:2009:i:5:p:699-713

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    Web page: http://www3.interscience.wiley.com/journal/5102/home

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    1. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1989. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," NBER Working Papers 3046, National Bureau of Economic Research, Inc.
    2. Jalan, Jyotsna & Ravallion, Martin, 1999. "Are the poor less well insured? Evidence on vulnerability to income risk in rural China," Journal of Development Economics, Elsevier, Elsevier, vol. 58(1), pages 61-81, February.
    3. Robert M. Townsend, . "Risk and Insurance in Village India," University of Chicago - Population Research Center, Chicago - Population Research Center 91-3a, Chicago - Population Research Center.
    4. Nelson, J.A., 1993. "On Testing for Full Insurance Using Consumer Expenditures Survey Data," Papers, California Davis - Institute of Governmental Affairs 93-02, California Davis - Institute of Governmental Affairs.
    5. Mace, Barbara J, 1991. "Full Insurance in the Presence of Aggregate Uncertainty," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 99(5), pages 928-56, October.
    6. Cox, Donald & Jimenez, Emmanuel, 1998. "Risk Sharing and Private Transfers: What about Urban Households?," Economic Development and Cultural Change, University of Chicago Press, University of Chicago Press, vol. 46(3), pages 621-37, April.
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    Cited by:
    1. Beyene, Berhe Mekonnen, 2012. "The Link between International Remittances and Private Interhousehold Transfers," Memorandum, Oslo University, Department of Economics 14/2012, Oslo University, Department of Economics.

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