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Podkarpackie voivodship. Based on the results of research, the article will present both the current state of insurance in local … insurance business in LGUs. The primary objective of this paper is to determine the procedures for concluding the insurance in … LGUs, and also defining the types of insurance most often executed by these entities, and indication of the intermediaries …
Persistent link: https://www.econbiz.de/10011551377
contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …
Persistent link: https://www.econbiz.de/10011555586
simple insurance effect that occurs if partners within married and unmarried couples are differently affected by the trade … shock. The insurance effect is substantial since the trade shock had a large variation across industries and 80% of …
Persistent link: https://www.econbiz.de/10011558644
This paper develops some new stochastic dominance (SD) rules for ranking transformations on a random variable, which is the first time to study ranking approach for transformations on the discrete framework. By using the expected utility theory, the authors first present a sufficient condition...
Persistent link: https://www.econbiz.de/10011572831
contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …
Persistent link: https://www.econbiz.de/10011584626
Fertility is a main driver and outcome of long-term growth. Yet, fertility may not only interact with the level of income but also with its volatility. In pre-modern economies where formal social security was largely absent, fertility decisions may also have been made in view of insuring income...
Persistent link: https://www.econbiz.de/10011584666
This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex private- and public … separate insurance market to operate, one for private-sector work, and one for public- sector employment. In addition, given … that the labor choice for private- and public- sector hours is made in succession, the insurance market for public …
Persistent link: https://www.econbiz.de/10011591576
Persistent link: https://www.econbiz.de/10011599649
We analyze optimal hedging contracts and show that although hedging aims at sharing risk, it can lead to more risk-taking. News implying that a hedge is likely to be loss-making undermines the risk-prevention incentives of the protection seller. This incentive problem limits the capacity to...
Persistent link: https://www.econbiz.de/10011605458
When countries need to implement costly economic policy reforms, these often imply uncertainties about their effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these circumstances countries implement too few or too many policy...
Persistent link: https://www.econbiz.de/10011615884