This paper examines the twofold role of the labour market in household economic risk management: as a source of household consumption risk, and as an instrument for insuring consumption against contingencies. It outlines a framework for analysing this twofold role of the labour market, and uses...

The article examines local economy effects of social transfers by focusing on food consumption and asset holdings of noneligible households in rural Mexico following the introduction of Programa de Educacion, Salud y Alimentacion (PROGRESA) in 1997. The quasi experimental nature of the...