Results 31 to 40 of about 82,448 (48)

Bank Diversification and Lending Resiliency

Social Science Research Network, 2022
In this paper, we show how bank asset diversification benefits the economy. Diversification reduces the bank’s idiosyncratic risk and stabilizes its stream of earnings.
Michael Gelman, Itay Goldstein, Andrew D. MacKinlay   +2 more
semanticscholar   +1 more source

Medical Expenses and Saving in Retirement: The Case of the United States and Sweden

American Economic Journal: Macroeconomics
Many US households have significant wealth late in life, contrary to the predictions of a simple life-cycle model. By comparison, retirees in Sweden decumulate wealth more quickly while facing smaller out-of-pocket medical expense risks late in life.
Makoto Nakajima, Irina A. Telyukova
semanticscholar   +1 more source

Exogenous Exits, Market Structure, and Equilibrium Contracts in Health Care

American Economic Review: Insights
This paper quantifies the causal effects of exogenous health insurer exits on contract structure and health care market outcomes, proposing market concentration as a likely mechanism for these effects.
Natalia Serna
semanticscholar   +1 more source

Hedging, Contract Enforceability, and Competition

The Review of financial studies
We study how risk management through hedging affects firms and competition among firms in the life insurance industry, an industry with over 7 trillion in assets and over 1,000 private and public firms.
Erasmo Giambona, Anil Kumar K, Gordon M. Phillips   +2 more
semanticscholar   +1 more source

Dynamics of Consumer Responses to Medical Price Changes

American Economic Review: Insights
How individuals respond to coinsurance rates is fundamental for insurance market design, but most existing estimates speak only to short-run responses.
Norihiro Komura, S. Bessho
semanticscholar   +1 more source

Environmental, Social, and Governance and expenses of insurance companies

Journal of Finance and Investment Analysis
The study explores the relationship between the expenses of insurance companies and their ESG performance. It analyses with panel data models a large sample of property and casualty (PC) insurers worldwide over the 2013-24 period. The results reveal that
Silvia Bressan
semanticscholar   +1 more source

Breaking Bad: How Health Shocks Prompt Crime

American Economic Journal: Applied Economics
Exploiting plausibly exogenous variations in the timing of cancer diagnoses, we establish that health shocks elicit a large and persistent increase in the probability of committing a crime.
Steffen Andersen, Elin Colmsjö, Gianpaolo Parise, Kim Peijnenburg   +3 more
semanticscholar   +1 more source

The Side Effects of Shadow Banking on Banks’ Liquidity Provision

The Review of Corporate Finance Studies
The presence of shadow banks in corporate term loan syndicates adversely affects credit lines’ liquidity provision, despite shadow banks not directly funding credit lines.
Teodora Paligorova, João A. C. Santos
semanticscholar   +1 more source

Does the Individual Mandate Affect Insurance Coverage? Evidence from Tax Returns

, 2021
We estimate the effect of the ACA’s individual mandate on insurance coverage using regression discontinuity and regression kink designs with tax return data. We have four key results.
I. Lurie, Daniel W. Sacks, B. Heim
semanticscholar   +1 more source

Long-term Investors, Demand Shifts, and Yields

Social Science Research Network
I exploit a Dutch reform in the regulatory discount curve that makes the liabilities of pension funds and insurance companies (P&Is) more sensitive to changes in 20-year interest rates but less so to longer maturity rates.
Kristy A.E. Jansen
semanticscholar   +1 more source