The Geography of Intercity Risk-Sharing
AbstractThis paper investigates the channels of risk sharing among the cities of the United States. Contributions for social security and government transfers (government channel) take the bulk of smoothing (17%), and intercity mobility ranks high: about 6% of income shocks are smoothed via the choice of working in another city than the place of residence. The empirical analysis shows another interesting result: cities facing lower income volatility also smooth a smaller share of it, probably reflecting easier access to the credit channel. Finally, the analysis in the frequency domain shows that income smoothing is achieved via different channels and to a different extent over the business cycle.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Econometric Society in its series Econometric Society World Congress 2000 Contributed Papers with number 1692.
Date of creation: 01 Aug 2000
Date of revision:
Contact details of provider:
Phone: 1 212 998 3820
Fax: 1 212 995 4487
Web page: http://www.econometricsociety.org/pastmeetings.asp
More information through EDIRC
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If references are entirely missing, you can add them using this form.