Public versus Private Risk Sharing

Dirk Krueger, Fabrizio Perri

NBER Working Paper No. 15582
Issued in December 2009

---- Acknowledgements ----

We would like to thank Andrew Atkeson, V.V. Chari, Hal Cole, Joanne Feeney, Ken Judd, Patrick Kehoe, Tim Kehoe, Narayana Kocherlakota, Edward Prescott, Tom Sargent and seminar participants at numerous institutions for helpful comments and suggestions. All remaining errors are our own. A previous version of this paper has circulated under the title "Risk Sharing: Private

Insurance Markets or Redistributive Taxation? The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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