degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX … cross-sections and distinguishes between permanent and transitory income shocks. We find some partial insurance of permanent … income shocks with more insurance possibilities for the college educated and those nearing retirement. We find little …

This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance … conventional demand analysis rather than reduced form imputation procedures. Our results point to some partial insurance but reject …

This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance … conventional demand analysis rather than reduced form imputation procedures. Our results point to some partial insurance but reject …

The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models with moral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … overall earnings variability, the remainder originating in idiosyncratic shocks. Finally, we show that the amount of insurance …

The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models withmoral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … of insurance varies by type of worker and firm in ways that are consistent with principal-agent models but are hard to …

inequality and to assess the degree of insurance. We combine panel data on income from the PSID with consumption data from … repeated CEX cross-sections. The results point to some partial insurance but reject the complete market restrictions. We find a … greater degree of insurance for transitory shocks and differences in the degree of insurance over time and across demographic …