Notes on "Risk sharing in private information models with asset accumulation: explaining the excess smoothness of consumption" (by Attanasio, OP; Pavoni, N)

Risk sharing in private information models with asset accumulation: explaining the excess smoothness of consumption
Attanasio, OP; Pavoni, N 
Econometrica , 79 (4) 1027 - 1068. (2011) 
WILEY-BLACKWELL 2011-07

• the relationship between consumption and income variability in a class of private information models with asset accumulation and uses this characterization to derive some of their empirical implications
• The complete insurance hypothesis is soundly rejected by the data
• (not finished)