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Intra-Regional Risk Sharing in Thailand

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  • Townsend, Robert

Abstract

Amphoe or "county" level test within Thailand's five major geographic regions indicate that consumption smoothing across households (risk-sharing that is) is good for farmers in the North and Northeast, but less significant for entrepreneurs or farmers whose primary crop is rice, and less significant for all other occupations in other regions of the country. The results are consistent with the hypothesis that the effectiveness of mechanisms for sharing of risk may diminish as a country grows, with effectiveness lower in regions with high levels and higher growth rates of income.

Suggested Citation

  • Townsend, Robert, 1994. "Intra-Regional Risk Sharing in Thailand," Institute for Policy Reform Working Paper Series 294845, Institute for Policy Reform.
    • Handle: RePEc:ags:iprwps:294845
    DOI: 10.22004/ag.econ.294845
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    References listed on IDEAS

    as
    1. Angus S. Deaton & Christina Paxson, 1992. "Patterns of Aging in Thailand and Cote d'Ivoire," NBER Chapters, in: Topics in the Economics of Aging, pages 163-206, National Bureau of Economic Research, Inc.
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    6. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1992. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," American Economic Review, American Economic Association, vol. 82(5), pages 1177-1198, December.
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