We examine risk preferences using the flood insurance decisions of over 100,000 households. In each contract …

Federal Housing Administration (FHA) insurance has doubled over the past two years and is projected to redouble to $1 ….5 trillion over the next five. Despite clear signs of strain in the FHA's Mutual Mortgage Insurance Fund, a recent actuarial …

hold little long-term care insurance (LTCI). In this paper we use a structural model and a purpose-designed dataset to … understand the determinants of insurance demand. We distinguish between a fundamental lack of desire to insure, crowd out from … existing insurance, and unmet demand due to poor products available in the market. The model features individual-specific non …

Prospective Payment System and commercial insurance plans covering the nonelderly through the Health Care Cost Institute to …. First, commercial insurance payments are less prospective than Medicare payments. Second, the extent of prospective payment … in commercial insurance varies more than in Medicare, both across hospitals and geographic areas. Third, differences in …

Insurance affects the variability of consumption over time, which is not captured in standard expected utility of … value of insurance. Liquidity constraints generate high insurance demand when premiums are due smoothly, sometimes leading … to seemingly dominated choices. Conversely, a risk-averse person may value insurance below its expected value and appear …

In the health insurance marketplaces established by the Affordable Care Act (ACA), each state is divided into a set … number of geographic ``rating areas." The ACA mandates that an insurer price its health insurance plan uniformly in all …

paper the central role played by limited domestic development in ex-ante (insurance) and ex-post (spot) financial markets in … generating this collective undervaluation of external resources and insurance. Within this structure, this paper studies several …

transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling … among firms. Nondiversifiable (macro) risks are only partially shifted,largely through self-insurance (contingency saving …