In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front. -- India ; international financial integration ; capital …

We document a large and persistent anomaly in the UK car insurance market over the period 2012-13: insurance companies … charged a higher premium for third-party (liability) insurance than comprehensive insurance (which includes third … that consumers are too confused or too poorly informed to arbitrage and that sellers of car insurance do not implement the …

This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the … are considered. The insurance contract specifies two types of copayments: an ad valorem coinsurance rate and a specific …

private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … examine the role of uniform and nonuniform social insurance to supplement a general income tax when neither public nor private … (1971) equilibrium emerges in the private insurance market and low-wage/low-risk individuals are not fully insured. We show …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

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 …

To test whether transfers sent and received by regional migrants serve an insurance role, this paper estimates the … rainfall shocks in rural Nicaragua, I find that migrants aged 15-21 years provide unilateral insurance to their origin … household. Distinguishing by destination and economic activity I show that the level of insurance increases when migrants and …