Insurance system on the demand for labor for a variety of sectors in the Dutch economy. For the simulations we use the Bentolila …

Premiums and benefits associated with traditional life insurance contracts are usually specified as fixed amounts in … policy conditions. However, reserve-dependent surrender values and reserve-dependent expenses are common in insurance … practice. The famous Cantelli theorem in life insurance ensures that under appropriate assumptions surrendering can be ignored …

worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level …

We formally link insurance markets with product markets and identify a demand effect of insurance: if risk …-averse consumers can buy insurance against possible product failure, there will be some additional consumers that buy the product … have a higher willingness to pay if they can also buy insurance. But a higher price causes those consumers to leave the …

the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since … results point to a relatively low insurance sector wide risk. Dependence among insurers is higher than among reinsurers. …