"Malthusian stagnation" result. Furthermore, optimal allocations exhibit inequality, differential fertility, random consumption …

overcome the difficulty of standard models to understand consumption insurance in the US. As our main result, we find that the … quantitative relevance of advance information crucially depends on the structure of insurance markets. For a realistic amount of … key consumption insurance measures better than existing models without advance information. In contrast, when advance …

distributions. Social planners commonly use two SWFs: SWFε implied by income inequality aversion (ε) and SWFv implied by rank … inequality aversion (v). However, a voluntary choice of ε or v may result in inconsistent assessments of social welfare embodied … consistent assessments of social welfare, inequality and poverty embodied in a given income distribution. Methods: We propose …

Weather insurance is a financial instrument proposed to increase coverage of unprotected weather shocks in developing … insurance, raising the question as to what impacts farmer demand for group insurance choices. We test if farmers prefer to … purchase real-world insurance products as groups, and if groups of more similar individuals are more likely to demand group …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …

insurance markets especially in low income setting; safety nets are assisting in managing risk both ex post and ex ante; iii …

‐cycle model, we determine that the tax‐and‐transfer system offsets 45% of lifetime earnings inequality attributed to differences …. Implementing a lifetime tax reform that links annual taxes to prior employment could enhance the system's insurance function …