Risky Insurance: Life-Cycle Insurance Portfolio Choice with Incomplete Markets
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下载链接:
https://www.nber.org/papers/w35122
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资源简介:
We study consumer demand for savings, life insurance, annuities, and long-term care insurance using novel survey data and a structural life-cycle model. We document that individuals perceive substantial insurance nonpayment risk, and these beliefs predict ownership. Embedding elicited beliefs into
提供机构:
美国国家经济研究局
创建时间:
2026-04-01



