While the literature on consumption insurance is growing fast, little research has been conducted on how rural … consumption insurance is affected by democracy. In this paper the authors examine how consumption insurance of Chinese rural … 1987 to 2002, they find that consumption insurance is more complete when the households are in villages with elected …

catastrophic payments are mutually exclusive outcomes. They achieve this by expressing out-of-pocket payments as a ratio of'discretionary'consumption …, defined as the amount by which total consumption (gross of out-of-pocket payments) exceeds the poverty line. This allows the …: those that absorb more than a pre-specified fraction of discretionary consumption; and those that leave a household …

in a typical household survey data, the inequality measures based on the data are unusually low. For example, for the … latest three years for which we have data (2002 - 2004), the consumption Gini coefficient (the commonly used summary measure … of inequality) is in the range of 16 - 18 percent. This is among the lowest Gini coefficients ever observed in any …

This paper uses data from eight different consumption questionnaires randomly assigned to 4,000 households in Tanzania … to obtain evidence on the nature of measurement errors in estimates of household consumption. While there are no … questionnaires shows that errors have a negative correlation with the true value of consumption, creating a non-classical measurement …

associated with responses to questions about income and consumption adequacy. Results show that isolation is associated with a … significant reduction in subjective assessments of income and consumption adequacy, even after controlling for consumption … consumption may seriously underestimate the subjective welfare cost of isolation, and hence will tend to bias downward the …

explored in panel data for Ethiopia. Historical rainfall distributions are used to identify the counterfactual consumption risk …, but also the possibly low consumption outcomes when harvests fail, discourage the application of fertilizer. The lack of …

Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price … unequal the distribution of aggregate consumption across households. Likewise, changes in observed nominal consumption … inequality may be very different from those in true inequality, that is, that measured using household-specific CPIs. The authors …

percentage increase in consumption levels that leaves individuals indifferent between, autarky and risk-sharing. The author … proposes to measure welfare gains as the increase in consumption growth, instead of consumption levels. When the consumption …, and it is robust to alternative specifications of the consumption stochastic processes (from geometric Brownian processes …

small impacts on mean consumption and inequality in the aggregate. There are both gainers and losers and (contrary to past … inequality into a"vertical"component (between people at different pre-reform welfare levels) and a"horizontal"component (between … full de-protection. The diverse impacts reflect a degree of observable heterogeneity in consumption behavior and income …