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dc.contributor.authorManuelli, Lucasen_US
dc.date.accessioned2017-06-08T09:29:42Z
dc.date.available2017-06-08T09:29:42Z
dc.date.issued2015en_US
dc.identifier.otherHPU4160768en_US
dc.identifier.urihttps://lib.hpu.edu.vn/handle/123456789/24880
dc.description.abstractIn this paper we aim to test the extent of labor risk sharing exists in thai village economies. Specifically we test the null hypothesis of full risk sharing at the village level. We outline a simple planner's problem that motivates our empirical specification. Our empirical specification consists of two equations, a labor supply equation that determines how many hours you work conditional on participating in the labor market, and a selection equation which determines the probability of working positive hours. Our empirical specification allows for fixed effects that correspond to different Pareto weights for the agents. Our dataset, an unusually long panel survey spanning over 160 months conducted in 16 villages in Thailand, allows us to deal with these fixed effects. Our results lead us to reject the null of full risk sharing since non-labor income has a significant negative effect on participation. In most specifications it also has a significant but small negative effect on hours worked conditional on participation. In light of these results we reject the null of full risk sharing.en_US
dc.format.extent23 p.en_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoenen_US
dc.publisherMIT International Center for Air Transportation (ICAT)en_US
dc.subjectEconomicsen_US
dc.subjectLabor risken_US
dc.subjectThai village economiesen_US
dc.titleLabor risk sharingen_US
dc.typeThesisen_US
dc.size1.26Mben_US
dc.departmentSociologyen_US


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