Results from cultural evolutionary theory often suggest that social learning can lead cultural groups to differ … preferences related to fertility and mortality, the two basic components of genetic fitness. We specifically select six referenda …

The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social … individuals or prematurely dead individuals. This paper revisits the design of optimal LTC insurance while adopting the ex post … optimal LTC social insurance is quite sensitive to the postulated social criterion. The optimal second-best social insurance …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …

-free physical capital and risky human capital. Households have access to a complete set of credit and insurance contracts, but their … households less than half of human capital risk is insured and the welfare losses due to the lack of insurance range from 3 … parameters have non-negligible effects on equilibrium insurance and welfare, but the result that young households are severely …