CCT programs for consumption insurance: evidence from Colombia.
| dc.contributor.author | Ospina, Monica | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.creator.email | Mospina6@eafit.edu.co | spa |
| dc.date.accessioned | 2013-03-09T21:20:47Z | |
| dc.date.available | 2013-03-08 | |
| dc.date.available | 2013-03-09T21:20:47Z | |
| dc.date.issued | 2010-10-05 | |
| dc.description.abstract | This paper presents evidence of the ability of poor households in Colombia to insure consumption against idiosyncratic and covariate risks. Using longitudinal data from Familias en Acción (FA), a conditional cash transfer program (CCT) in Colombia, we test the predictions of the Pareto full risk-sharing model and estimate the parameters of a partial insurance model. Although we reject the hypothesis of full insurance, our results suggest there is a level of risk sharing in these communities, supporting the partial insurance model. In addition, we evaluate the effectiveness of FA as a risk management mechanism for beneficiary households. We find that the program serves not only as an instrument for consumption smoothing, but also for income smoothing. Particularly, FA is effective in protecting food consumption but not nonfood consumption, and it reduces consumption fluctuations in response to idiosyncratic shocks but not to covariate shocks. | eng |
| dc.identifier.uri | http://hdl.handle.net/10784/574 | |
| dc.language.iso | eng | eng |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | Consumption insurance | eng |
| dc.subject.keyword | Colombia | eng |
| dc.subject.keyword | CCT Programs | eng |
| dc.subject.keyword | longitudinal data | eng |
| dc.title | CCT programs for consumption insurance: evidence from Colombia. | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
Archivos
Bloque original
1 - 1 de 1
No hay miniatura disponible
- Nombre:
- 2010-5 Monica Ospina.pdf
- Tamaño:
- 989.79 KB
- Formato:
- Adobe Portable Document Format
Bloque de licencias
1 - 1 de 1
No hay miniatura disponible
- Nombre:
- license.txt
- Tamaño:
- 1.71 KB
- Formato:
- Item-specific license agreed upon to submission
- Descripción: