This paper uses a model of search unemployment to discuss the interaction between publicly provided insurance and informal insurance through voluntary income sharing, e.g., between spouses. Income sharing reduces the optimal level of public unemployment insurance. While it is always individually...

In the past, students in England and Wales born within the first 5 months of the academic year could leave school one term earlier than those born later in the year. Focusing on women, those who were required to stay on an extra term more frequently hold some academic qualification. Using having...

A link between social insurance and education policy is explored. Due to moral hazard full insurance against disability is not feasible. When high- and low-risk individuals can be identified second-best social insurance system entails cross-subsidies from the low-risk group to the high-risk...