Consumption insurance between Japanese households
Consumption insurance between Japanese households
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日本家庭间的消费保险
DOI：
10.1080/00036840121946
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发表时间：
2001
影响因子：
2.2
通讯作者：
Miki Kohara
中科院分区：
文献类型：
--
作者：
Miki Kohara
本文考察了完全保险假说的含义及其在日本不同家庭群体中的适用性差异。使用一个罕见的日本个人面板数据集，称为日本消费的面板调查，本文首先表明，充分的保险假设是强烈拒绝为整个国家。本文进一步表明，富人和穷人，大学毕业生和非大学毕业生都不能确保他们的消费免受收入冲击。与此形成鲜明对比的是，城市居民可以完全吸收收入冲击，而农村居民则不能。日本农村居民比城市居民遭受更严重的收入风险。
This paper examines the implication of the full insurance hypothesis and differences in its applicability across groups of households in Japan. Using a rare Japanese individual panel data set called the Japanese Panel Survey of Consumption, the paper first shows that the full insurance hypothesis is strongly rejected for the country as a whole. The paper further shows that the rich as well as the poor, and also college graduates as well as non-college graduates cannot insure their consumption against income shocks. In sharp contrast, urban residents can pool income shocks completely, whereas rural residents cannot. Rural residents suffer from income risks more seriously than urban residents in Japan.