This paper examines the impact of coinsurance exemption for prescription medicines applied to elderly individuals in Spain after retirement. To evaluate this coinsurance change we use a rich administrative dataset that links pharmaceutical consumption and hospital discharge records for the full...

We study the effect of demand-side subsidies to old age care recipients on both caregiving and intergenerational transfer decisions. We exploit two quasi-natural experiments referring to the inception of a universal and unconditional caregiving allowance in 2007 and its subsequent reduction in...

This paper provides evidence on factors affecting the level of the regulatory solvency ratio of Spanish insurers from 2005-2012 by employing the two-step system generalized method of moments in the analysis. Results show a significant degree of persistence in the regulatory solvency ratio. Cost...

This paper provides evidence on the determinants of the diversification status as well as the extent of diversification for Spanish non-life insurers in the period 2000-2007. Operating efficiency, risk pooling, internal capital markets, conflict of interests and external markets control are the...

This paper analyzes the effects on the Spanish banking system of the new rules for calculating bank contributions to deposit guarantee schemes (DGSs) established by the European Directive dated 16 April 2014. Our sample represents over 90% of the covered deposits in Spain during the period from...

This paper analyzes whether the funds set by the recent EU directives on bank resolution and deposit insurance to create a safer and sounder financial sector (i.e., 1% and 0.8% of covered deposits, respectively) are adequate to cover unexpected losses for the Spanish banking system. By applying...

This paper analyzes the factors that determine the solvency of the insurance companies operating in Spain. The selected time span, from 2008 to 2015, encompasses a period of economic instability characterized by record low interest rates and low or even negative economic growth. Using a dynamic...

We show that demand side cash subsidies to care recipients alter both caregiving and intergenerational transfer decisions. We exploit a quasi-natural experiment referring to the inception of a universal caregiving allowance (in 2007 and its reduction in 2012). We find a caregiving subsidy (of a...

Inherent Defects Insurance (IDI) for new housing buildings is mandatory in Spain since 2000. The instauration of this legal requirement prompted an upsurge in the IDI market in the following years. Being confronted with competition, major insurance carriers active in that market promoted a...

Bancassurance has grown to currently become a completely consolidated insurance distribution channel in the global market, even though it shows unequal levels of development depending on the social and economic characteristics of the different countries. Several factors have contributed to give...