Gruber, Jonathan; Lettau, Michael - 2021
find that, overall, there is a modest elasticity of insurance offering with respect to after-tax prices (elasticity of -0 ….31 to -0.41), but a larger elasticity of insurance spending (elasticity of 0.66 to 0.99). We also find that the elasticity … of offering is driven solely by small firms, for whom the elasticity is much larger, but that spending is more elastic in …