This paper deals with the phenomenon of risk-selection and its appearance in the german compulsory health insurance …

to a fall in wages or a rise in claimant unemployment in Wales between 2004 and 2006. In particular, we found no evidence … wages of the low-paid. If anything, we found a positive effect on the wages of higher paid workers and some weak evidence of …

anecdotal evidence, we found little hard evidence that the inflow of accession migrants contributed to a fall in wages or a rise …

. The optimality of each regime is influenced by four margins- regional insurance, coarseness of federal information … constrained first best level of public goods. Federal insurance under the two regimes of direct democracy and a federal leviathan … important implications for insurance and raiding the commons. The median region’s choice of redistribution under direct …

The Munich Re was founded in 1880 and is from the very start till this day one of the leading insurance companies in …

with our new probability weighting function, then a decision maker will not buy insurance against a loss of sufficiently …

moment. As illustrative examples, we also show that CCP allows us to resolve three paradoxes: the insurance paradox, the …

certain. (3) Buy inadequate insurance for very low probability events. (4) Keeping the expected loss fixed, there is a … probability below which the take-up of insurance drops dramatically. Expected utility (EU) fails on 1-4. Existing models of rank …

Individuals’ socioeconomic status (SES) is positively correlated with their health status. While the existence of this … insights on the causal structure of the health-SES nexus. We introduce some methodological refinements and integrate … retrospective survey data on early childhood circumstances into this framework. We confirm that childhood health has lasting …