Journal of Economics and Finance

, Volume 27, Issue 1, pp 1–18 | Cite as

Consumption insurance and entrepreneurial risk: Evidence from Italian micro-data

  • Carlo Declich
  • Luigi Ventura


Using cross-sectional data from the Bank of Italy's Survey on Household Income and Wealth, we make an attempt to assess the relevance of entrepreneurial risk, i.e., idiosyncratic risk borne by firm owners while running their operations. Our new testing procedure will show that progressively more articulated forms of entrepreneurship do not enjoy a larger degree of risk sharing and will suggest some links between a larger or smaller degree of consumption insurance and variables such as net wealth, asset holding, and net indebtedness.


Family Firm Risky Asset Risk Sharing Idiosyncratic Risk Asset Holding 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Academy of Economics and Finance 2002

Authors and Affiliations

  • Carlo Declich
    • 1
  • Luigi Ventura
    • 2
  1. 1.ISAE, Instituto di Studi e Analidsi EconomicheRoma
  2. 2.Dipartimento di Scienze EconomicheUniversita di Roma “La Saienza”Roma

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