000			01159nam a22001457a 4500
999			_c525536 _d525536
008			240320b ||||| |||| 00| 0 eng d
100			_aKinnan, C., Samphantharak, K. Townsend, R. and Cossio, D.V. _950693
245			_aPropagation and insurance in village networks
260			_aThe American Economic Review
300			_a114(1), Jan, 2024: p.252-284
520			_aFirms in developing countries are embedded in supply chains and labor networks. These linkages may propagate or attenuate shocks. Using panel data from Thai villages, we document three facts: as households facing idiosyncratic shocks adjust their production, these shocks propagate to other households on both the production and consumption sides; propagation is greater via labor than supply chain links; and shocks in denser networks and to more central households propagate more, while access to formal or informal insurance reduces propagation. Social benefits from expanding safety nets may be higher than private benefits.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20220892
773			_aThe American Economic Review
906			_aINSURANCE
942			_cAR