least insured. We document this risk-insurance pattern in data on life-insurance drawn from the Survey of Consumer Finance …. A calibrated version of the model can quantitatively account for the life-cycle variation of insurance observed in the … US data and implies welfare costs of under-insurance for young households that are equivalent to a 4 percent reduction in …

, even when both extend life equally. This asymmetry helps explain low observed investment in preventive care. Second, severe …

This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s …

Using a unique new dataset linking administrative data on investment performance and financial knowledge, we examine …

The arrival of new, unfamiliar, investment opportunities is often associated with "exuberant" movements in asset prices … signals about the profitability of the new investment opportunities, and vice versa. In this paper, we study how such …

response of investment to a total factor productivity increase is muted and short-lived, while the response to a decrease is …

This paper studies the effect of interest rates on investment in an environment where firms make irreversible … delaying investment. These two forces combine to generate an aggregate investment demand curve that is always a backward …-bending function of the interest rate. At low rates, increasing the interest rate stimulates investment by raising the cost of delay …