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Do Households Fully Share Risk? Evidence From Ghana

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  • Doss, Cheryl R.

Abstract

Intrahousehold analyses provide new insights into how households make economic decisions. Much of the work in economics has traditionally treated the household as a single economic actor, but a number of studies are providing evidence that the dynamics among household members affect the outcomes of household economic decisions. This paper contributes to our understanding of such models by incorporating the variability of individual incomes into the analysis of intrahousehold resource allocations, using detailed household survey data from Ghana.

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File URL: http://purl.umn.edu/13439
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Bibliographic Info

Paper provided by University of Minnesota, Department of Applied Economics in its series Staff Papers with number 13439.

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Date of creation: 1996
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Handle: RePEc:ags:umaesp:13439

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Keywords: Consumer/Household Economics; Risk and Uncertainty;

References

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  1. Townsend, Robert M, 1994. "Risk and Insurance in Village India," Econometrica, Econometric Society, vol. 62(3), pages 539-91, May.
  2. Phipps, Shelley A & Burton, Peter S, 1998. "What's Mine Is Yours? The Influence of Male and Female Incomes on Patterns of Household Expenditure," Economica, London School of Economics and Political Science, vol. 65(260), pages 599-613, November.
  3. Paxson, Christina H, 1992. "Using Weather Variability to Estimate the Response of Savings to Transitory Income in Thailand," American Economic Review, American Economic Association, vol. 82(1), pages 15-33, March.
  4. Fafchamps, Marcel, 1993. "Sequential Labor Decisions under Uncertainty: An Estimable Household Model of West-African Farmers," Econometrica, Econometric Society, vol. 61(5), pages 1173-97, September.
  5. Morduch, J., 1995. "Income Smoothing and Consumption Smoothing," Papers 512, Harvard - Institute for International Development.
  6. Robert M. Townsend, 1995. "Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 83-102, Summer.
  7. Thomas, D., 1995. "Like Father, Like Son, Like Mother, Like Daughter, Parental Resources and Child Height," Papers 95-01, RAND - Reprint Series.
  8. Townsend, Robert M, 1995. "Financial Systems in Northern Thai Villages," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 1011-46, November.
  9. T. Paul Schultz, 1990. "Testing the Neoclassical Model of Family Labor Supply and Fertility," Journal of Human Resources, University of Wisconsin Press, vol. 25(4), pages 599-634.
  10. Udry, Christopher, 1996. "Gender, Agricultural Production, and the Theory of the Household," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 1010-46, October.
  11. Alderman, H. & Paxson, C.H., 1992. "Do the Poor Insure? A Synthesis of the Literature on Risk and Consumption in Developing Countries," Papers 164, Princeton, Woodrow Wilson School - Development Studies.
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Citations

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Cited by:
  1. Lena Giesbert and Susan Steiner, 2011. "Perceptions of (Micro)Insurance in Southern Ghana: The Role of Information and Peer Effects," GIGA Working Paper Series 183, GIGA German Institute of Global and Area Studies.
  2. Plamen Mishev & Nedka Ivanova & Philip Kostov, 2004. "Agricultural policy options distinguishing a subsistence sub- sector in Bulgaria," Computational Economics 0409003, EconWPA.
  3. Seebens, Holger, 2006. "Bargaining over Fertility in Rural Ethiopia," Proceedings of the German Development Economics Conference, Berlin 2006 25, Verein für Socialpolitik, Research Committee Development Economics.

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