This paper exhibits dynamic features of insurance contracts in the empirical analysis of moral hazard. We first show … with the number of past claims. We then show that dynamic insurance data allow to distinguish this moral-hazard effect from … evidence of moral hazard in French car insurance. Our analysis contributes to a recent literature based on static data that has …

unemployment insurance programs to alleviate. We tackle this question in a dynamic general equilibrium model with heterogeneous … an exogenous stochastic process matching key US data. The generosity of the unemployment insurance program is determined … by voting. We run a series of experiments to contrast the optimal public insurance schemes in worlds with and without …

The complete insurance hypothesis is soundly rejected by the data (e.g. Attanasio and Davis, 1996). On the other hand … savings (self insurance). Those are clearly two extreme characterizations of the economy faced by the consumers. The evidence … particular, consumption will not exhibit excess sensitivity but, because of the additional insurance provided to consumers …