private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … (1971) equilibrium emerges in the private insurance market and low-wage/low-risk individuals are not fully insured. We show … dominates, some social insurance is always desirable. Finally, we introduce risk misperception which exacerbates the failure of …

This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy … trusting plays an important role. Trust is clearly associated with greater willingness to pay for insurance. Unlike in previous … of breach is negligible. However, as for much B2C insurance marketing, face-to-face selling plays a crucial role in our …

We study the factors that predict medical malpractice ("med mal") insurance premia, using national data from Medical … Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we … across states at a given time and within states across time. Our results suggest that insurance companies do not fully adjust …

households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable … macroeconomic model with human capital risk, age-dependent returns to human capital investment, and endogenous borrowing constraints … due to the limited pledgeability of human capital. We show analytically that, consistent with the life insurance data, in …

We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …

. We examine the effect of this unisex mandate on risk segmentation in the German health insurance market. While gender … used to be a pricing factor in Germany's private health insurance (PHI) sector, it was never used as a pricing factor in … the social health insurance (SHI) sector. The unisex mandate makes PHI relatively more attractive for women and less …

Economic theory and empirical evidence clearly show that social exclusion dimensions are inter-related. Notwithstanding …

process implies a positive tradeoff between future wages and risk-on-the-job. The main result of this paper is that no … significantly positive tradeoff between wage growth and risk-on-the-job. The interpretation is suggestive: while market forces (net …