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 …

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 …

-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

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 …

examines the effect of credit, insurance, and poverty (defined as more than just low income). It also explains bonded child …

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 for …

economic importance of the jack-of-all-trades theory. …

for social custom effects in the determination of union membership. Using panel data for Germany, we find evidence for …

sample into account. Controlling for various individual characteristics and attitudes (sex, age, risk aversion, presence of a …

tracking. We calibrate the model for Germany and study how relative demand shifts toward more general skills and changes in the …