Human Capital Risk, Contract Enforcement, and the Macroeconomy

We use microdata to show that young households with children are underinsured against the risk that an adult member of the household dies. This empirical finding can be explained by a macroeconomic model with human capital risk, age-dependent returns to human capital investment, and endogenous borro...

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Bibliographic details
Volume: 105
Main Author: Tom Krebs
Moritz Kuhn
Mark L. J. Wright
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: NASHVILLE American Economic Association 01.11.2015
AMER ECONOMIC ASSOC
published in: The American economic review Vol. 105; no. 11; pp. 3223 - 3272
Data of publication: 20151101
ISSN: 0002-8282
1944-7981
EISSN: 1944-7981
Discipline: Economics
Law
Subjects:
Age
US
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
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