On the impact of insurance on households susceptible to random proportional losses: An analysis of poverty trapping

In this paper, we consider a risk process with deterministic growth and multiplicative jumps to model the capital of a low-income household. Reflecting the high-risk nature of the low-income environment, capital losses are assumed to be proportional to the level of accumulated capital at the jump ti...

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Veröffentlicht in:	arXiv.org 2023-09
Hauptverfasser:	Henshaw, Kira, Ramirez, Jorge M, Flores-Contró, José M, Thomann, Enrique A, Sooie-Hoe Loke, Constantinescu, Corina
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital losses Closed form solutions Differential equations Exact solutions Households Insurance Laplace transforms Low income groups Poverty Probability distribution functions Recursive methods Risk Trapping
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