-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …

Die Studie enthält Daten von zwei Umfragen: eine in privaten Haushalten und die andere bei Unternehmen in der VR China … Risiko und der Einstellung zur Versicherung. (HWWA/DÜI) …

This paper explores the impact of risk preference as well as interlinked credit and insurance contract on peasants' new … ambiguous probabilistic risk preference. (2) Interlinked credit and insurance contract has a significant positive impact on … peasants' adoption of innovative seeds, and interlinked credit and insurance contract plays a moderating role in promoting …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …