We examine a market with observably heterogeneous risks and a government sponsored guaranty fund and consider whether it is optimal to form a single insurer or separate insurers for each consumer type. Given the economic environment, pooling never dominates the formation of separate insurance...

Some participants in income and labor market surveys fail to report their earnings. We use data on imputed and reported wages for the same workers, taken from the 1988 change in the CPS processing system to compare actual earnings to both hot-deck and earnings-equations imputations. Our results...