way to come up with a measure of time-varying disaster risk in the spirit of Wachter (2013). Our findings imply that both … the disaster and the long-run risk paradigm can be extended towards explaining movements in the stock-bond return …

productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

Although natural hazard insurance is advocated as an important means of risk management, private insurance demand often … of natural hazard insurance schemes in Europe. We draw on two very different samples: First, we run a laboratory … relief schemes: partial but guaranteed relief and full but nonguaranteed relief. The risk of loss is kept constant over ten …