insurance mechanisms, bride wealth qualifies as an importantsecurity enhancing institution: the arrangement covers nearly the …

households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable … macroeconomic model with human capital risk, age-dependent returns to human capital investment, and endogenous borrowing constraints … due to the limited pledgeability of human capital. We show analytically that, consistent with the life insurance data, in …

insurance to employers: when firms are hit by temporary shocks the effect on profits is cushioned by risk sharing with workers …-sections between wages and profitability. The alternative explanation of risk sharing between workers and employers has not been tested …. Using a unique panel data set for four African countries we find strong evidence of risk sharing. Workers in effect offer …