optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …

security benefits, an increase in the social security tax and tax incentives for the purchase of private life annuities, which … is shown that for a given annuity price tax incentives for life annuities increases consumption expenditures in old … result is that a tax incentive for life annuities and a cut in the social security benefits alleviate adverse selection in …

retirement decisions in developed countries. However, women's and couples' labour supply decisions and the patterns of withdrawal … examine how social security financial incentives and personal characteristics affects one's own and spouses' retirement … decisions. Our results suggested that couples synchronize retirement and that they respond similarly to their own …

supply and endogenous retirement. In this environment, the optimal labor tax is hump-shaped in age: insurance benefits of …This paper studies optimal insurance against private idiosyncratic shocks in a life-cycle model with intensive labor … taxation push for increasing-in-age taxes while rising labor supply elasticities and optimal late retirement of highly …

The choice of retirement age is the most important portfolio choice most workers will make. Drawing on the Urban … Institute's Dynamic Simulation of Income model (DYNASIM3), this report examines how delaying retirement for nondisabled workers … suggest that delaying retirement by itself does not generate enough additional revenue to make Social Security solvent by 2045 …

Aiming to explore how the survival of trade flows has evolved over time, we analyze a rich data set of detailed imports …

survival literature also includes data on decisions to stay in or exit peripheral markets. …