private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … examine the role of uniform and nonuniform social insurance to supplement a general income tax when neither public nor private … (1971) equilibrium emerges in the private insurance market and low-wage/low-risk individuals are not fully insured. We show …

We study the factors that predict medical malpractice ("med mal") insurance premia, using national data from Medical … Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we … across states at a given time and within states across time. Our results suggest that insurance companies do not fully adjust …

This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy … trusting plays an important role. Trust is clearly associated with greater willingness to pay for insurance. Unlike in previous … of breach is negligible. However, as for much B2C insurance marketing, face-to-face selling plays a crucial role in our …

. We examine the effect of this unisex mandate on risk segmentation in the German health insurance market. While gender … used to be a pricing factor in Germany's private health insurance (PHI) sector, it was never used as a pricing factor in … the social health insurance (SHI) sector. The unisex mandate makes PHI relatively more attractive for women and less …

The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community …

Disability Insurance (DI) may affect workers' outcomes such as their probability to enter DI, to recover, and their … employment. Supplementary insurance may increase these moral hazard effects, but also increases the financial gains of private … increased insurance coverage on workers' outcomes are thus ambiguous. This paper aims to separate worker and insurer responses …

with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional form restrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …

. We uncover a trade-off between stimulus and insurance, as high debt individuals gain considerably from transfers, but …

-free physical capital and risky human capital. Households have access to a complete set of credit and insurance contracts, but their … households less than half of human capital risk is insured and the welfare losses due to the lack of insurance range from 3 … parameters have non-negligible effects on equilibrium insurance and welfare, but the result that young households are severely …

due to the limited pledgeability of human capital. We show analytically that, consistent with the life insurance data, in … account for the life-cycle variation of life-insurance holdings, financial wealth, earnings, and consumption inequality … insurance …