The stochastic analysis of competitive unemployment insurance premiums

David Blake; Michael Beenstock

doi:10.1016/0014-2921(88)90032-3

The stochastic analysis of competitive unemployment insurance premiums

David Blake^*
, Michael Beenstock

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

In this paper we investigate the fair pricing of unemployment insurance policies in a stochastic environment. This will depend on the idiosyncratic risks confronting individual workers and on the risks facing the risk class as a whole. Using an arbitrage pricing argument we show that idiosyncratic risks can be diversified away leaving only market risk to be priced.

Original language	English
Pages (from-to)	7-25
Number of pages	19
Journal	European Economic Review
Volume	32
Issue number	1
DOIs	https://doi.org/10.1016/0014-2921(88)90032-3
State	Published - Jan 1988
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty

Access to Document

10.1016/0014-2921(88)90032-3

Cite this

@article{36e566ad09284b4e8d728f8de8555aa1,

title = "The stochastic analysis of competitive unemployment insurance premiums",

abstract = "In this paper we investigate the fair pricing of unemployment insurance policies in a stochastic environment. This will depend on the idiosyncratic risks confronting individual workers and on the risks facing the risk class as a whole. Using an arbitrage pricing argument we show that idiosyncratic risks can be diversified away leaving only market risk to be priced.",

author = "David Blake and Michael Beenstock",

year = "1988",

month = jan,

doi = "10.1016/0014-2921(88)90032-3",

language = "אנגלית",

volume = "32",

pages = "7--25",

journal = "European Economic Review",

issn = "0014-2921",

publisher = "Elsevier B.V.",

number = "1",

}

TY - JOUR

T1 - The stochastic analysis of competitive unemployment insurance premiums

AU - Blake, David

AU - Beenstock, Michael

PY - 1988/1

Y1 - 1988/1

N2 - In this paper we investigate the fair pricing of unemployment insurance policies in a stochastic environment. This will depend on the idiosyncratic risks confronting individual workers and on the risks facing the risk class as a whole. Using an arbitrage pricing argument we show that idiosyncratic risks can be diversified away leaving only market risk to be priced.

AB - In this paper we investigate the fair pricing of unemployment insurance policies in a stochastic environment. This will depend on the idiosyncratic risks confronting individual workers and on the risks facing the risk class as a whole. Using an arbitrage pricing argument we show that idiosyncratic risks can be diversified away leaving only market risk to be priced.

UR - https://www.scopus.com/pages/publications/45549117443

U2 - 10.1016/0014-2921(88)90032-3

DO - 10.1016/0014-2921(88)90032-3

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:45549117443

SN - 0014-2921

VL - 32

SP - 7

EP - 25

JO - European Economic Review

JF - European Economic Review

IS - 1

ER -

The stochastic analysis of competitive unemployment insurance premiums

Abstract

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this