Insurance coverage in the developing world is expanding rapidly. As recently as 2005, only a small number of commercial insurers offered insurance products that specifically targeted low-income people ('microinsurance'). Seven years later, in 2012, more than half of the world's 50 largest...

Mutual insurance -- The era of the guilds: mutual insurance 1550-1800 -- the age of the friendly societies: mutual insurance in the nineteenth century -- The rise and decline of modern trad union insurance, 1900-65 -- New initiatives , 1965-2015 -- Principles and practices of mutual insurance,...

This paper examines whether myopia (misperception of the long-term care (LTC) risk) and private insurance market loading costs can justify social LTC insurance and/or the subsidization of private insurance. We use a two-period model wherein individuals differ in three unobservable...

The unemployment protection systems that exist in most Latin American economies are generally considered inadequate in terms of providing insurance to workers. They may also encourage stratified labor markets and impose barriers to the employee’s mobility and the firm's adjustment to changing...

In der Juniausgabe veröffentlichte der Wirtschaftsdienst einen Aufsatz mit dem Titel "Die Solidarische Privatversicherung - Ein Vorschlag zur Gesundheitsstrukturreform". Dieses Konzept diskutieren Johann Eekhoff und Christine Wolfgramm und stellen dem einen eigenen Vorschlag entgegen. Ulrich...

We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...

Die Transformation hierarchischer betrieblicher Steuerung in relationalen Vertrags- und Tauschbeziehungen hat in vielen europäischen Ländern zu einer Zunahme abhängiger Selbständigkeit geführt. Aufgrund des Graubereichs zwischen selbständiger und unselbständiger Beschäftigung stellen...

By simulating the working of the unemployment insurance savings accounts (UISAs) in Slovenia using a methodology similar to Feldstein and Altman (1998), the paper examines two questions: how viable is this system as an alternative to traditional unemployment insurance (UI) system, and how the...

Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders and owners are two distinct groups in a stock insurer, while they are one and the same in a mutual. This distinction is relevant to raising capital, selling policies, and sharing...