Yamada Tomoaki    Department   Undergraduate School  , School of Commerce    Position   Professor
Language	English
Publication Date	2014/03
Type	Other
Title	A Note on Risk Sharing against Idiosyncratic Shocks and Geographic Mobility in Japan
Contribution Type	Sole-authored
Journal	MPRA Paper
Volume, Issue, Page	54886,pp.1-8
Details	In this study, using Japanese household panel data, we analyze how well idiosyncratic income risks are shared by regions. We find that geographic mobility influences individual consumption growth rates, suggesting that complete asset markets fail to exist. We reject the full insurance hypothesis for both urban and rural areas and find that the extent of risk sharing differs significantly by region.