redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …. -- longevity risk ; risk sharing ; overlapping generations ; intergenerational transfers ; annuity markets …

literature that, when there is (only) risk type uncertainty, the optimal GR contract with renewal price set at the actuarially … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity …

We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the …’s resilience (its ability of the recover rapidly from the shock). We find that the economic risk of epidemics is particularly high …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

motivate its advent by differences in risk-aversion among agents, implying different prevention efforts. We argue that it may … also appear in the absence of moral hazard, when agents only differ in riskiness and not in (risk) preferences. We first … selection may occur when several contracts are offered, when agents also face a non-insurable background risk, or when agents …

such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of … separate components, one of which is atype of systemic risk that is highly correlated amongst insureds. Such acorrelated …, which illustrate ourmethodology in several types of insurance markets subject to systemic risk. …

use of model averaging techniques as a way of dealing with the risk of inadvertently using false models in portfolio … considered and a simple Value-at-Risk (VaR) diagnostic test is proposed for individual as well as average ̕models and its exact …

external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to … longevity risk, agents want to annuitize their wealth conform the classic result by Yaari (1965). In the first-best case with …