Banks play a greater role in the German financial system than in the UnitedStates or Britain. Germany’s large universal banks are admired by those whoadvocate bank deregulation in the United States. Others admire the universalbanks for their supposed role in corporate governance and industrial...

There has been substantial public policy concern over the relatively low rates of health insurance coverage among the self-employed in the United States. We use data from the Medical Expenditure Panel Survey conducted in 1996 to analyze how the self-employed and wage-earners differ both with...