This paper presents rigorous and direct tests of two assumptions relating to limited commitment and asymmetric information that underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects across 23 Zimbabwean villages is used to solve the problems of...

Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals?preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peruç—´ pension system, and draw insights from their affiliation and contribution...

This paper explores the role of social status in relationships between rich and poor in non-lineage-based, agrarian communities by analysing who goes to whose funerals in six resettled Zimbabwean villages. Funerals allow social status to be observed because non-attendance is a sign of...

In this paper we study the relationship between inequality and social instability. While the argument that inequality can be damaging for the cohesion of a society is old, the empirical evidence is mixed. We use a novel approach to isolate the causal relationship running from inequality to...

This paper explores the role of social status in relationships between richer and poorer households in non-lineage-based, agrarian communities by analysing who goes to whose funerals in six resettled Zimbabwean villages. Funerals allow social status to be observed because non-attendance is a...