The Dynamics of Market Insurance, Insurable Assets, and Wealth Accumulation

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Koeniger, Winfried;
  • Publisher: Bonn: Institute for the Study of Labor (IZA)
  • Subject: D81 | G22 | E21 | consumption | durables | labor income risk | Versicherungsökonomik | Dauerhaftes Konsumgut | Konsumtheorie | Vermögensbildung | Zeitpräferenz | Verdienstausfall | Risiko | Theorie
    • ddc: ddc:330

We analyze dynamic interactions between market insurance, the stock of insurable assets and liquid wealth accumulation in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households can insure. Since the model d... View more
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