does not alter this result. We also show that the informationally constrained optimal insurance contract has a resetting …

, the age profile of the insurance coefficient is sharply increasing, whereas BPP find no clear age slope in their estimate … estimator of the true insurance coefficient has, in general, a downward bias that grows as borrowing limits become tighter …

because the marginal tax rates, in general equilibrium, impact wages, and hence individual utility. The “progressivity” effect …

is small. And the size of uninsurable wage risk is small because firms provide substantial wage insurance …

provide only partial insurance against shocks to risk-averse workers and offer contingent contracts, where payments are … 11%, but price permanent worker differences, a large contributor (32%) to variations in wages. A large share of the … of redistributive policies and find that almost 40% of government-provided insurance is undone by crowding out firm …

We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … insurable within extended family networks. However, we find little evidence that the extended family provides insurance for such …

earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to … wage insurance …

, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to …

of wages. Our model accounts for endogenous participation and mobility decisions. We find that firm-specific permanent … productivity shocks transmit to individual wages, but the effect is mostly concentrated among the high-skilled workers; firm …