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demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk …
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demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk …
Persistent link: https://www.econbiz.de/10001573180
demand for car insurance. -the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk …
Persistent link: https://www.econbiz.de/10013321044
This paper studies the life cycle consumption-investment-insurance problem of a family. The wage earner faces the risk … unspanned labor income and the stickiness of insurance decisions reduces the insurance demand significantly. This is because an …
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