Stoltenberg, Christian; Singh, Swapnil - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 671-711
This paper investigates whether assuming that households possess advance information on their income shocks helps to … quantitative relevance of advance information crucially depends on the structure of insurance markets. For a realistic amount of … advance information, a complete markets model with endogenous solvency constraints due to limited commitment explains several …