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 …

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 …

We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …

) severance insurance plans or (ii) severance savings plans is important; savings plans have no firing cost effects on employer … layoff decisions. The firing cost implications of insurance plan are sensitive to the types of job separations that qualify a …