Aug 2022
Author(s): Kinnan, Cynthia;Samphantharak, Krislert;Townsend, Robert;Vera-Cossio, Diego A.
Small firm owners facing idiosyncratic shocks adjust production by cutting spending and reducing their demand for external workers. These shocks propagate to other local households with whom shocked…
Aug 2022
Author(s): Kinnan, Cynthia;Samphantharak, Krislert;Townsend, Robert;Vera-Cossio, Diego A.
Los propietarios de pequeñas empresas que se enfrentan a shocks idiosincráticos causados por enfermedades ajustan la producción recortando el gasto y reduciendo su demanda de trabajadores externos.…
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…