Risk-Sharing between and within Families
利用收入动态面板数据检验美国家庭之间和家庭内部的风险分担是否完全，结果拒绝了完全风险分担的假设。
This paper uses the Panel Study of Income Dynamics to test whether risk-sharing is complete between or within American families. The tests accommodate a wide variety in the configuration and availability of family data. The test results reject inter- as well as intra-family full risk-sharing even assuming that leisure is endogenous or that leisure and consumption are nonseparable.