partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … of behaviours which are thought to influence health and are generally considered to invoke a substantial degree of free … choice. The main underlying assumption is that individuals are co-producers of their own health. We first present a …

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 …

This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the … are considered. The insurance contract specifies two types of copayments: an ad valorem coinsurance rate and a specific …

more likely to have private health insurance. Larger winners are also more likely to drop coverage earlier, possibly after …We exploit lottery wins to investigate the effects of exogenous changes to individuals' income on health care demand in … the United Kingdom. This strategy allows us to estimate lottery income elasticities for a range of health care services …