Results 161 to 170 of about 1,558 (216)

Basis risk, social comparison, perceptions of fairness, and demand for insurance: A field experiment in Ethiopia

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract Index insurance lowers agricultural risk but covers only covariate risks. Since farmers do not have complete insurance, they may develop mistrust of insurance when experiencing crop losses and not receiving payouts. Although recent innovations in remote sensing enable the provision of more complete insurance including coverage for ...
Berber Kramer   +2 more
wiley   +1 more source

Employee savings in defined contribution plans: Evidence from age‐based policies in employer plans

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract Retirement saving is a critical form of self‐insurance at older ages, but ensuring that such savings are adequate remains a challenge in the United States. This is especially true for those who save through defined contribution (DC) plans, in which participants are responsible for setting both the amount and the investment strategy.
Brent J. Davis   +2 more
wiley   +1 more source

Driven by risk: Understanding reference‐dependent preferences using simulated auto racing

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract Using data from over 56,000 simulated auto races worldwide, we analyze risk‐taking at the margins, consistent with reference‐dependent preferences. We show that participants' risk‐taking changes when a desired intermittent outcome is presented, sometimes at the expense of a more favorable expected end state.
James Hilliard   +2 more
wiley   +1 more source

Selection in car insurance when claims are heterogeneous

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon   +2 more
wiley   +1 more source

Other People's Money: Political Embeddedness on Pension Boards, Alternative Assets and Investment Fees

open access: yesPublic Budgeting &Finance, EarlyView.
Abstract State‐administered pension plans report paying roughly $20 billion each year in fees to external asset managers, much of it for high‐cost, high‐risk “alternative” assets such as private equity and hedge funds. These outcomes involve trillions in pension investments that affect the retirement security of millions of public sector workers and ...
Jeffrey C. Diebold, Cody R. Taylor
wiley   +1 more source

From Opportunity to Constraint: Structural Inequities in Public Pension Fund Investing

open access: yesPublic Budgeting &Finance, EarlyView.
Abstract This study examines how structural features shape participation in private equity across U.S. state and local public pension systems. Using panel data from the Boston College Public Plans Database the analysis introduces the concept of structural asymmetries to explain persistent differences in access to illiquid investment strategies ...
Odd J. Stalebrink
wiley   +1 more source

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