Christopher Busch

Ludwig Maximilian University of Munich (LMU)

Geschwister-Scholl-Platz 1

Munich, DE Bavaria 80539

Germany

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The Value of Public Insurance Against Idiosyncratic Income Risk: A Variance-Adjustment Statistic

CESifo Working Paper No. 12467

Number of pages: 51 Posted: 12 Feb 2026

Christopher Busch and Rocio Madera

Ludwig Maximilian University of Munich (LMU) and Southern Methodist University (SMU) - Department of Economics

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