This paper examines the characteristics that determine demand for micro-insurance when individuals have personal or observed experience with a rare weather event: the severe 2010 flooding in Pakistan. Using a sample of 384 individuals (192 in floodaffected and 192 non-affected villages matched using pre-flood propensity data), we combine post-flood survey data with behavioral experiments, to te...

Introduction 1. The long-run historical record 2. International perspective: the role of growth and fiscal policy 3. Other reasons for the decline in saving 3.1 Credit and insurance markets 3.2 Social security 3.3 Demographic factors 4. Do micro data help us to understand the decline in saving?

Article history: Received 5 September 2012 Received in revised form 13 July 2013 Accepted 15 July 2013 Available online 24 July 2013 This paper provides micro-level evidence on the relationship between labor market conditions and social insurance participation among Chinese industrial firms. I find that the increased scarcity of labor over this period was a quantitatively important driver of pa...

This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative model to investigate whether this effect is comparable in magnitude to the standard moral hazard effects of unemployment insurance. Our model economy captures the behavior of the U.S. labor market...

This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the standard moral hazard effects of unemployment insurance. Our model economy captures the behavior of t...

This research aims to discover whether access to microinsurance might make any difference to the microcredit receivers in terms of reducing their use of child labour. The research decomposes households into three broad groups: microcredit participants with microinsurance, microcredit participants without microinsurance and non-participants of microcredit and microinsurance. Using household info...

We identify the need for a theory of demand for health insurance suited to the informal sector in lowand middle income countries (LMIC) where some 3 billion people lack health cover. Excluded from formal governance structures, they rely on informal arrangements by which rulesin-use shape choices, behaviours and decisions. We explore the fundamental assumptions of standard economic theories of d...