In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution over the last … three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This … outcomes. This paper contributes to solving this puzzle by means of a controlled laboratory experiment. We study the causal …

In this experiment, we test whether the Domar-Musgrave model accurately predicts investor behavior in its paradigmatic …

motivated extrinsically or intrinsically also remains unclear. We design a lab experiment in which formal insurance is …

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …-horizon and discounting in the model. Second, at the end of the experiment, a unique period is randomly drawn to count for cash …