The provision of insurance for the poor, covering a variety of risks, could well be a key milestone in the fight against poverty. In richer economies, insurance achieved through broad public action and appropriately developed private mechanisms has fundamentally changed the lives of poor people. The difficulty in developing countries, however, is that insurance markets are limited, as (often) i...

Moral hazard is present in deposit insurance systems, as is true of other insurance settings. Greater efforts to contain its effects are needed in many countries if deposit insurance is to be effective. Various methods are available for this purpose, which may be grouped under three headings: (1) good corporate governance and management of individual institutions; (2) market discipline exercise...

The American Academy of Pediatrics believes that pediatric residents and fellows should be fully informed of the scope and limitations of their professional liability insurance coverage while in training. The academy states that residents and fellows should be educated by their training institutions on matters relating to medical liability and the importance of maintaining adequate and continuo...

Using a large linked employer-employee data set, this paper studies the extent to which employers insure workers against transitory and permanent firm-level shocks. Particular emphasis is given to the question of whether the amount of wage insurance depends on the nature of industrial relations. Adopting the identification strategy proposed by Guiso et al. (2005), it is shown that wage insuranc...

\Western Europe su®ers from too many labor market rigidities, from excessively generous unemployment insurance to high employment protection, and to high minimum wages. It is essential that countries putting in place new institutions do not commit the same mistakes." The quote is made up. But it is, I believe, a fair representation of the opinions of many experts and many organizations, from Th...

ECAUSE of the many failures of banks and thrift institutions in recent years and the high cost of liquidating or reorganizing the bankrupt savings and loan associations, policymakers are now considering major changes in the way they supervise and regulate depository institutions in the United States. The Financial Institutions Reform, Recovery and Enforcement Act of 1989, which provides the fun...

Helping to reduce vulnerability poses a new set of challenges for public policy. A starting point is understanding the ways that communities and extended families try to cope with difficulties in the absence of public interventions. Coping mechanisms range from the informal exchange of transfers and loans within families and communities to more structured institutions that enable an entire comm...