Measuring the gain in income from migration is complicated by non-random selection of migrants from the general …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance … 10% of family income leads, at most, to an increase in investments of 1.3% of a standard deviation. -- insurance ; human …

participate in the health market running a public hospital. We find that the presence of the public provider increases the average …. In the presence of an increasing concern about the relationship between pollution and health, understanding the role of …

Individual moral hazard engendered by health insurance and monopolistic production are both typical phenomena of drug … insurance against the risk of drug expenses. In contrast, the social welfare criterion suggests that individuals should purchase … more insurance coverage than they choose to do in the market equilibrium. …

A central theme in the international debate on genetic testing concerns the extent to which insurance companies should … be allowed to use genetic information in their design of insurance contracts. We analyze this issue within a model with …