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Labor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95
Koeniger, Winfried - 2001
propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: ? higher labor income risk induces a higher … demand for car insurance. ? the effects of increases in labor income risk after 1979 seem to be more than offset by a more …
Persistent link: https://www.econbiz.de/10010262448
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Debt portfolios
Hintermaier, Thomas; Koeniger, Winfried - 2011
We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...
Persistent link: https://www.econbiz.de/10010278362