Insurance.

• Position: Program and Working Group Meetings

The NBER's Insurance Working Group met December 9 in Cambridge. Working Group Co-Directors Benjamin R. Handel of the University of California, Berkeley and Motohiro Yogo of Princeton University organized the meeting. These researchers' papers were presented and discussed:

* Ralph Koijen, New York University and NBER, and Motohiro Yogo, Princeton University and NBER, "The Fragility of Market Risk Insurance"

* Johan Hombert and Victor Lyonnet, HEC Paris, "Intergenerational Risk Sharing in Life Insurance: Evidence from France"

* Yiling Deng, Georgia State University; James Tyler Leverty, University of...