We analyze the value of insurance when individuals have access to credit markets. Loans allow consumers to smooth … financial shocks over time, decreasing the value of consumption smoothing from insurance. We derive formulas for the value of … insurance that can be taken to data, and show how that value depends on individual characteristics and features of loans. We …

A rent guarantee insurance (RGI) policy makes a limited number of rent payments to the landlord on behalf of an insured … society. While unrestricted access is not financially viable with either private or public insurance providers due to moral …

distinctive cultural configuration to the country's frontier history. The frontier favored self-reliance, but also rewarded … history are more particularistic, displaying stronger opposition to federal taxes relative to state taxes, stronger communal … time, connections across counties display assortative matching on frontier history, highlighting the important role of …

, was an economic catastrophe and one of the great episodes of racial exploitation in post-Emancipation history. It was also … most Black Americans' first experience of banking. Can events like these permanently alter financial preferences and … behavior? To test this, we examine the impact of FSB collapse on life insurance-holding, an accessible alternative savings …

levels, the 1917 Act was a consequential moment in immigration history in the United States …