Risk Sharing in Rural and Urban Areas in Thailand

Authors

  • Jiraporn Shawong School of Economics, University of the Thai Chamber of Commerce, Bangkok, Thailand

Keywords:

Risk Sharing, Full Insurance, Consumption Insurance, Consumption Smoothing

Abstract

This study tests the full insurance model using panel data taken from the Townsend Thai Data, which was collected annually between 2005 and 2009 in six provinces in four regions of Thailand. The full insurance model is statistically rejected in most of regions and provinces; however, Thais in rural areas share risks better than those in urban areas in most of the country’s regions and provinces. The findings show that there are statistical differences in risk sharing in various occupations and types of work, but that no one in any urban area is better at risk sharing than those who live in rural areas.

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How to Cite

Shawong, J. (2014). Risk Sharing in Rural and Urban Areas in Thailand. SOUTHEAST ASIAN JOURNAL OF ECONOMICS, 49–75. Retrieved from https://so05.tci-thaijo.org/index.php/saje/article/view/48771

Issue

Southeast Asian Journal of Economics, Vol. 2 No. 2 (July - December 2014)

Section

Original Articles

License

The submission of a manuscript implies that the paper is an original work and has not been published elsewhere. The author(s) authorize the journal to reproduce or distribute the paper in printed or other electronic forms.