Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Institute - 2008
We study risk behavior of Danish self-employed entrepreneurs, whose income risk may be driven by both exogenous factors … incentives to sign insurance contracts stem from a UI-embedded, government-subsidized early retirement (ER) program, giving … benefits that are unrelated to business risk. Indeed, we argue that the self-employed's incentives to insure themselves stem …