Access to Credit Reduces the Value of Insurance
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下载链接：
https://www.nber.org/papers/w32395
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资源简介：
We analyze the value of insurance when individuals have access to credit markets. Loans allow consumers to smooth financial shocks over time, decreasing the value of consumption smoothing from insurance. We derive formulas for the value of insurance that can be taken to data, and show how that value
提供机构：
美国国家经济研究局
创建时间：
2024-05-01
