Jul 2022
Author(s): Kinnan, Cynthia;Samphantharak, Krislert;Townsend, Robert;Vera-Cossio, Diego A.
In village economies, small firm owners facing idiosyncratic shocks adjust production by cutting spending and reducing employment. Households with whom they trade inputs and labor scale back their…
Nov 2020
Author(s): Kinnan, Cynthia;Samphantharak, Krislert;Townsend, Robert;Vera-Cossio, Diego A.
In village economies, insurance networks are key to smoothing shocks, while production networks can propagate them. The interplay of these networks is crucial. We show that a significant health…