The "Unemployment Compensation Amendments of 1976" 31e expected to insure about two-fifths of all hired agricultural workers. Large interstate variations in the proportion of workers insured result from their cliffering work histories and state's qualifying provisions. Of these insured workers,...

We consider a political economy where government cares about risk-averse farmers’ loss of income and yet incurs political cost if it provides monetary support to farmers. Government evaluates three options: 1) ex-post disaster aid; 2) ex-ante insurance option with perfect information; 3)...