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anticipatory utility

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CEP discussion paper
Consumption Smoothing and the Welfare Cost of Uncertainty Yonas Alem and Jonathan Colmer
August 2015
Paper No' CEPDP1369:
Read Abstract | Full Paper (pdf)

JEL Classification: I31; O13; Q12; Q56

Tags: income uncertainty; consumption smoothing; subjective well-being; anticipatory utility; rainfall variability