bearing are examined in a model in which private insurance is taken into account. It is demonstrated that government relief is … inefficient, even when private insurance is subject to moral hazard, because relief shields individuals from some of the effects …

equilibrium features imperfect insurance and a non-degenerate cross-sectional consumption distribution. When household labor … which limits to consumption insurance emerge endogenously due to limited commitment …

We study aggregate lapsation risk in the life insurance sector. Using the regulatory reporting of historical lapse … risk factors that explain a large fraction of the common variation in lapse rates of the 30 largest life insurance … and valuation of life insurance contracts. Ignoring aggregate lapsation risk results in cross-subsidization across …

Increasingly in U.S. public insurance programs, the state finances and regulates competing, capitated private health …

We develop a new dataset to study homeowners insurance. Our data on over 47 million observations of households …' property insurance expenditures from 2014-2023 are inferred from mortgage escrow payments. First, we find a sharp 33% increase …