Similar Search Results

The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market

Einav, Liran; Finkelstein, Amy; Schrimpf, Paul - National Bureau of Economic Research (NBER) - 2007

Much of the extensive empirical literature on insurance markets has focused on whether adverse selection can be detected. Once detected, however, there has been little attempt to quantify its importance. We start by showing theoretically that the efficiency cost of adverse selection cannot be...

Persistent link: https://www.econbiz.de/10005778487

Mortgage Loan Characteristics , Unobserved Heterogeneity and the Performance of United Kingdom Securitised Sub-Prime Loans

Lanot, Gauthier; Leece, David - Institutionen för Nationalekonomi, Umeå Universitet - 2014

The research estimates a competing risk model of mortgage terminations on samples of UK securitised subprime mortgages. Given the argued role of these types of loan in the recent financial crisis then it is important to better understand their performance and supposed idiosyncratic behaviour....

Persistent link: https://www.econbiz.de/10010742120

Estimating Welfare in Insurance Markets Using Variation in Prices

Cullen, Mark; Einav, Liran; Finkelstein, Amy - Stanford Institute for Economic Policy Research … - 2008

We show how standard consumer and producer theory can be used to estimate welfare in insurance markets with selection. The key observation is that the same price variation needed to identify the demand curve also identifies how costs vary as market participants endogenously respond to price....

Persistent link: https://www.econbiz.de/10009141763

Estimating Welfare in Insurance Markets Using Variation in Prices

Cullen, Mark; Einav, Liran; Finkelstein, Amy - Stanford Institute for Economic Policy Research … - 2009

We provide an illustration of how standard consumer and producer theory can be used to quantify the welfare loss associated with inefficient pricing in insurance markets with selection. We then show how this welfare loss can be estimated empirically using identifying variation in the price of...

Persistent link: https://www.econbiz.de/10009141800

Modeling financial risk attitude : the role of education and financial literacy

Iannario, Maria; Monti, Anna Clara; Scalera, Domenico - In: Financial internet quarterly 20 (2024) 2, pp. 1-14

This paper studies the relationship between risk propensity, education and financial literacy. The results of the empirical investigation confirm the importance of the key explanatory variables of education and financial competence. Since they are both included in the model, the different roles...

Persistent link: https://www.econbiz.de/10014636624

Re-Re-Reply to 'The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence'

Pitt, Mark M. - 2014

The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence,' by David Roodman and Jonathan Morduch (2014) is the most recent of a sequence of papers and postings that seeks to refute the findings of the Pitt and Khandker (1998) article 'The Impact of Group-Based Credit on Poor...

Persistent link: https://www.econbiz.de/10010420271

Verifying the internal validity of a flagship RCT : a review of Crépon, Devoto, Duflo and Pariente (American Economic Journal: Applied Economics, 2015)

Bedecarrats, Florent; Guérin, Isabelle; Morvant-Roux, … - 2018

Persistent link: https://www.econbiz.de/10012055459

"Verifying the internal validity of a flagship RCT : a review of Crépon, Devoto, Duflo and Parienté" : rebutting the rebuttal

Bedecarrats, Florent; Guérin, Isabelle; Morvant-Roux, … - 2019

Persistent link: https://www.econbiz.de/10012055653

Replicating Microfinance in the United States: Opportunities and Challenges

Schreiner, Mark; Morduch, Jonathan - EconWPA - 2001

In developing countries, microfinance has been the darling of the development community, and in developed countries …, microfinance fits well with Third Ways ideas. What are the challenges and opportunities for the attempt to replicate microfinance … for microfinance and drive up costs. With costs well above revenues, U.S. programs are far from achieving financial self …

Persistent link: https://www.econbiz.de/10005407699

Re-Re-Reply to “The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence”

Pitt, Mark - Brown University, Department of Economics - 2014

“The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence,” by David Roodman and Jonathan Morduch (2014) is the most recent of a sequence of papers and postings that seeks to refute the findings of the Pitt and Khandker (1998) article “The Impact of Group-Based Credit...

Persistent link: https://www.econbiz.de/10011196572