This study uses data from a unique survey of the retirement planning behaviors of latemiddle-aged individuals living in New York State, to test hypotheses regarding the roleof earlier life experiences on the demand for long-term care insurance. Our primary focusis on previous provision of...

This paper empirically tests the divergent expectations model of pre-trial bargaining by exploiting variation in tort liability for bad faith insurance law. Using a repeated cross-sectional dataset of auto insurance claims from the Insurance Research Council, it estimates that the tort remedy...

This paper analyzes the impact of rate regulation on the structure of insurance markets for private passenger automobile insurance. The paper argues that states' restrictions on automobile insurers' rates of return will distort the structure of the market by distorting insurers' entry and output...