This paper analyzes data from a novel field experiment designed to test the impact of two different insurance products … simulated by a lottery. Risk-sharing is possible in solidarity groups of three and insurance is introduced via less risky … insurance if shocks are observable. Depending on insurance design, there is also evidence for persistence of this effect even if …

-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …

) severance insurance plans or (ii) severance savings plans is important; savings plans have no firing cost effects on employer … layoff decisions. The firing cost implications of insurance plan are sensitive to the types of job separations that qualify a …

This paper investigates the effects of intensified screening of disability insurance benefit applications. A large …-scale experiment was setup where in 2 of the 26 Dutch regions case workers of the disability insurance administration were instructed … absenteeism and disability insurance applications. This provides evidence both for direct effects of the more intensive screening …

We characterize how public insurance schemes are constrained by hidden financial transactions. When non …-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private … of insurance on unobservable effort and saving choices as well as the relative cost of public and private insurance …

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 …

The consequences of business cycle contingencies in unemployment insurance systems are considered in a search …-matching model allowing for shifts between “good” and “bad” states of nature. We show that not only is there an insurance argument …