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correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …
Persistent link: https://www.econbiz.de/10003354444
provide evidence supporting imitation effects, rather than social learning or constraint interaction. …
Persistent link: https://www.econbiz.de/10011737562
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013167646
We discuss the existence of a pooling equilibrium in a two-period model of an insurance market with asymmetric …
Persistent link: https://www.econbiz.de/10012142264
objectives through the provision of (catastrophic) natural hazard insurance. This is the case of many OECD countries, notably … hazard insurance develop. This paper has a dual objective: 1) review the complex legal background that rules the provision of … insurance against natural catastrophes in the EU after these major reforms; 2) assess the implications of the reforms and offer …
Persistent link: https://www.econbiz.de/10010517703
India's insurance sector has been growing dynamically in the last couple of years. Despite the suite of reforms that … have been implemented to stoke the sector's growth, it still has a long way to go, as its share in the global insurance … market remains abysmally low. In this paper, we analyse the Indian insurance sector and trace its evolution and growth. We …
Persistent link: https://www.econbiz.de/10012243052
methods for financing based on experiences of other countries. Then the focus of the paper shifts towards insurance and …
Persistent link: https://www.econbiz.de/10012436024
Global diversification of financial institutions, including the insurance sector, has proven beneficial to many … distribution channels. This paper aims to critically evaluate the liberalisation process of India's insurance sector and the impact … it has had on the sector, both life and non-life segments. As India is in the process of opening its insurance sector to …
Persistent link: https://www.econbiz.de/10012292103
This paper explores the opportunities for integrating Initiative Based Learning (IBL) and Integrated Assessment Models … (IAMs) in order to improve our understanding of learning in the context of societal transition pathways, and more … learning in a very different way, and the two approaches have major structural differences with respect to the geographical as …
Persistent link: https://www.econbiz.de/10011558344
Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...
Persistent link: https://www.econbiz.de/10014371953