We document a strong effect of pension and insurance company (P&I) assets on the long end of the yield curve. Using … ratio of pension assets (in funded and private pension and life insurance arrangements) to GDP, suggesting that preferred …-habitat demand by the P&I sector for long-dated assets drives the long end of the yield curve. We draw on changes in regulations in …

. These institutions nonetheless account for an increasing share of households' financial assets. The paper also calls for …

of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …

main aspects of insurance as one tool of risk management in agriculture. Thus, our purpose is to give the reader …

help rural households to pool risk. In this paper I investigate two functions of transfers in Ethiopia: risk pooling and … income redistribution. Unlike most of the literature this paper investigates not only whether but also how much risk pooling … households. However, the contributions of transfers to risk pooling and income redistribution are economically very limited. …

of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …