. This paper examines the determination of precautionary saving when people have access to intra-family risk sharing. I show …, risk sharing between risk averse spouses. The more altruistic the couple is, the closer is the solution to the efficient …. For risk sharing couples, the introduction of a compulsory insurance scheme may have substantially smaller effects on …

In an analysis of the risk-sharing properties of different types of pension systems, we show that only a fixed-fee pay …-as-you-go (PAYG) pension systems can provide intergenerational risk sharing for living individuals. Under some circumstances, however …