Joachim Ragnitz, ifo Dresden, diskutiert die Herausforderungen der umlagefinanzierten Rentenversicherung in Deutschland, insbesondere angesichts des demografischen Wandels. Ohne grundlegende Reformen müssten entweder Rentenniveau und Rentenansprüche gesenkt oder die Beitragslast erhöht...

Technological progress has improved insurers' ability to monitor policyholders and has led to usage-based insurance (UBI) contracts that incorporate behavioral risk factors in pricing. Economic theory predicts that any informative monitoring signal should be adopted in equilibrium (see Shavell,...

Economic decisions frequently entail choices in the presence of risk. Decisions to purchase insurance, to save, to invest, and to pursue an education are all choices that may involve some degree of risk, just to name a few. We analyze the impact of changes in family structure on individuals'...

How does risk aversion change in wealth? To answer this question, we implemented a field experiment in the form of a free-to-play mobile game. Players made lottery choices at various points in the game and at different levels of in-game wealth. Since the game was designed as a closed economic...