Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …

altruistic managers may offer lower wages and nevertheless build up better social-exchange relationships with their employees … convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways … than egoistic managers do. In such equilibria, a low wage signals to employees that the manager has something else to offer …

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

, and climate change is predicted to intensify this problem. The Index-Based Livestock Insurance (IBLI) scheme piloted in …

-rights theory of the multinational firm rationalizes these effects and their heterogeneity …