households less than half of human capital risk is insured and the welfare losses due to the lack of insurance range from 3 … populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk …-free physical capital and risky human capital. Households have access to a complete set of credit and insurance contracts, but their …

risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non … effects from sovereign risk to domestic insurers. The impact on insurers is larger than for non-financial firms and slightly …

households less than half of human capital risk is insured and the welfare losses due to the lack of insurance range from 3 … populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk …-free physical capital and risky human capital. Households have access to a complete set of credit and insurance contracts, but their …

To test whether transfers sent and received by regional migrants serve an insurance role, this paper estimates the … rainfall shocks in rural Nicaragua, I find that migrants aged 15-21 years provide unilateral insurance to their origin … household. Distinguishing by destination and economic activity I show that the level of insurance increases when migrants and …

We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …

Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk … life insurance companies in the U.S. We construct a novel physical risk factor by forming a portfolio of P&C insurers … through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and …

investors' financial conditions affect the management of their portfolios? We address this issue using the insurance industry …