Liquidity Constraints and the Value of Insurance
收藏NBER2018-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24993
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资源简介：
Liquidity constraints create preferences over how insurance contracts move money across both time and states because insurance can have a consumption-smoothing benefit. We incorporate liquidity constraints into a model in which insurance contracts span multiple consumption periods. We show that the
提供机构：
美国国家经济研究局
创建时间：
2018-09-01
