On British Household Panel Survey data we measure various indices of social capital at the individual and household level, and use them as explanatory variables in standard consumption insurance tests. We find that two out of three aspects of social capital positively impact on consumption smoothing, by reducing the sensitivity of idiosyncratic consumption to idiosyncratic income, both in the long and in the short run. Such effects, however, turn out to be more pronounced in the long run. Further confirmation of the positive impact of social capital on insurance opportunities are derived from an income smoothing exercise, as well as from a Poisson and a Logit analysis on the occurrence of unemployment spells. © 2013 Springer Science+Business Media New York.

The impact of social capital on consumption insurance and income volatility in the UK: evidence from the British Household Panel Survey / Filippo Maria, Pericoli; Eleonora, Pierucci; Ventura, Luigi. - In: REVIEW OF ECONOMICS OF THE HOUSEHOLD. - ISSN 1569-5239. - STAMPA. - (2015), pp. 1-27. [10.1007/s11150-013-9185-x]

The impact of social capital on consumption insurance and income volatility in the UK: evidence from the British Household Panel Survey

VENTURA, Luigi
2015

Abstract

On British Household Panel Survey data we measure various indices of social capital at the individual and household level, and use them as explanatory variables in standard consumption insurance tests. We find that two out of three aspects of social capital positively impact on consumption smoothing, by reducing the sensitivity of idiosyncratic consumption to idiosyncratic income, both in the long and in the short run. Such effects, however, turn out to be more pronounced in the long run. Further confirmation of the positive impact of social capital on insurance opportunities are derived from an income smoothing exercise, as well as from a Poisson and a Logit analysis on the occurrence of unemployment spells. © 2013 Springer Science+Business Media New York.
2015
consumption insurance; consumption insurance social capital income volatility item response theory; income volatility; item response theory; social capital
01 Pubblicazione su rivista::01a Articolo in rivista
The impact of social capital on consumption insurance and income volatility in the UK: evidence from the British Household Panel Survey / Filippo Maria, Pericoli; Eleonora, Pierucci; Ventura, Luigi. - In: REVIEW OF ECONOMICS OF THE HOUSEHOLD. - ISSN 1569-5239. - STAMPA. - (2015), pp. 1-27. [10.1007/s11150-013-9185-x]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/535169
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