منابع مشابه
Life insurance, precautionary saving and contingent bequest
We present a model of life-insurance purchase that takes into account the age of the beneficiary. The beneficiaries considered herein are young children with no resources whose consumption needs are protected by purchasing life insurance if the breadwinner dies. We show that income transfer grows as the child ages; however, the size of contingent bequest shrinks because the need for protection ...
متن کاملPrecautionary Saving and Precautionary Wealth
This is an entry for The New Palgrave Dictionary of Economics, 2nd Ed.
متن کاملBorrowing constraints, the cost of precautionary saving and unemployment insurance
Job losers exhibit significant heterogeneity in wealth holdings and in the marginal propensity to consume transitory income. We consider potential sources of this heterogeneity, whether (some of) the unemployed face borrowing constraints, and the implications of this heterogeneity for unemployment insurance. We show theoretically how the optimal benefit can depend significantly on borrowing con...
متن کاملHealth insurance and precautionary saving: A structural analysis
Article history: Received 4 March 2010 Revised 5 September 2012 Available online 11 September 2012 JEL classification: E21 I38 D52
متن کاملN ational Health Insurance and precautionary saving: evidence from Taiwan
By reducing uncertainty about future medical expenses, comprehensive health insurance can reduce households’ precautionary saving. We examine this effect using Taiwan micro-data spanning the 1995 introduction of National Health Insurance. The effects of National Health Insurance are identified using employment-based variation in prior insurance coverage. Replacement of the households’ prior ins...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1995
ISSN: 0022-3808,1537-534X
DOI: 10.1086/261987