La securisation des prets pour accession a la propriete concerne les organismes de credit mais aussi la puissance publique, avec le developpement des prets a taux zero. L'assurance chomage privee des prets hypothecaires evite la budgetisation des prestations qu'entrainerait un assurance...

The paper provides a general equilibrium analysis in which individual decisions determine the aggregate divorce rate and are influenced by it. Reinforcement is caused by search frictions and a meeting technology whereby remarriage is more likely if the divorce rate is higher, implying multiple...

The paper provides a general equilibrium analysis in which individual decisions determine the aggregate divorce rate and are influenced by it. Reinforcement is caused by search frictions and a meeting technology whereby remarriage is more likely if the divorce rate is higher, implying multiple...

While contract theory has reached a high degree of sophistication, econometric applications remain scarce. One often invoked reason is that adequate data is hard to find. We argue that insurance data fit the requirements of econometric testing especially well. Then we propose some insights on...

We consider a model of wage formation characterized by two features: learning and downward rigidity. We show that wages should exhibit a "late beginner" property; that is, controlling for the wage at date "t", the wage at date "t+1" should be negatively correlated with the wage at date "t-1".