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:	Household consumption Human capital Life insurance Mortality Financial risk Children Modeling Age Contract enforcement Wealth Economics Business & Economics Social Sciences Forecasts and trends Macroeconomics Analysis Bankruptcy CREDIT INFORMATION BANKRUPTCY MARKETS INVESTMENT DYNAMICS CONSTRAINTS CONSUMPTION INEQUALITY LIFE-INSURANCE US
Online Access:	Fulltext
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2015 Web of Knowledge Web of Science CrossRef Gale General OneFile (A&I only) Academic OneFile (A&I only) Database information Databases - DBIS