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 …

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 …

categorised in three types namely; general accounts and services, investment/savings and insurance/assurance. Taking into account …

Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … a purchase of self-insurance motive to remit, we also provide evidence of more remittances sent by risk averse …

aspect of the EITC that has received little attention thus far is its role as a public insurance program. Yet, the structure … to both wages and changes in family structure. Our study provides the first quantitative statement about the insurance … demographic risk, but have only limited self-insurance capacity. We use the model to compare outcomes under the EITC to the …

contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …