equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various …

. We uncover a trade-off between stimulus and insurance, as high-debt individuals gain considerably from transfers, but …

formal insurance in a setting where donors make redistributive transfers to anonymously paired recipients. We find that … donors reduce their transfers to recipients who don’t take-up insurance, and that this effect is larger for donors who hold … the ex ante belief that the recipient is more likely to take-up insurance. The findings are consistent with a model of a …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

levels of self-reported fear and decreases financial investments in a risky asset. Once vaccines become available as a self-insurance … financial risk-taking, and for the alleviating effect of self-insurance devices …