On May 11-13, 2006, the Laboratory for Aggregate Economics and Finance will sponsor a conference entitled "The Macroeconomics of Imperfect Risk Sharing."  The conference will bring together some of the best junior macroeconomics researchers   doing both applied and theoretical work on economic models of imperfect insurance.  Examples of the issues investigated in this literature are:  the welfare gains of eliminating uninsurable individual risk; human capital accumulation with imperfect insurance; the saving behavior of the retirees; the role of labor supply and female participation to the labor market as a self-insurance device; the scope for redistributive government policies; and the insurance mechanisms in developing economies where formal markets are largely absent. 

The conference begins with a kick-off dinner at The El Paseo Mexican Restaurant on May 11, 2006, followed by two full days of presentations in the UCSB Harbor Room on May 12-13, 2006.  A complete schedule of events can be obtained by clicking Agenda, above.