Hong, Liang; Schlesinger, Harris; Zhuang, Boyi - In: Risks : open access journal 11 (2023) 4, pp. 1-17
This article studies insurance demand in a two-period framework in which an individual faces risks in both current and … future periods. Models for insurance with and without the presence of endogenous saving are both discussed. In contrast to … what most literature suggests, when decisions on insurance and saving are made separately, insurance alone does not always …
