The impact of social capital on consumption insurance and income volatility in the UK: evidence from the British Household Panel Survey
The impact of social capital on consumption insurance and income volatility in the UK: evidence from the British Household Panel Survey
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社会资本对英国消费保险和收入波动的影响：来自英国家庭追踪调查的证据
DOI：
10.1007/s11150-013-9185-x
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发表时间：
2013
影响因子：
5.1
通讯作者：
L. Ventura
中科院分区：
文献类型：
--
作者：
F. Pericoli;E. Pierucci;L. Ventura
在英国家庭面板调查数据上，我们测量了个人和家庭层面的社会资本的各种指标，并将它们用作标准消费保险测试中的解释变量。我们发现，在长期和短期内，社会资本的三个方面中有两个方面通过降低特殊消费对特殊收入的敏感性，对消费平滑产生了积极影响。然而，从长远来看，这种影响会更加明显。社会资本对保险机会的积极影响的进一步证实来自收入平滑练习，以及对失业期发生的泊松和Logit分析。
On British Household Panel Survey data we measure various indices of social capital at the individual and household level, and use them as explanatory variables in standard consumption insurance tests. We find that two out of three aspects of social capital positively impact on consumption smoothing, by reducing the sensitivity of idiosyncratic consumption to idiosyncratic income, both in the long and in the short run. Such effects, however, turn out to be more pronounced in the long run. Further confirmation of the positive impact of social capital on insurance opportunities are derived from an income smoothing exercise, as well as from a Poisson and a Logit analysis on the occurrence of unemployment spells.