Showing 1 - 10 of 2,068
The profitability of life insurance offerings is contingent on accurate projections and pricing of mortality risk. The … COVID-19 pandemic created significant uncertainty, with dire mortality predictions from early forecasts resulting in … from Compulife. We estimate event-study models that exploit well-established variation in the COVID-19 mortality rate based …
Persistent link: https://www.econbiz.de/10013251775
We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...
Persistent link: https://www.econbiz.de/10013016264
The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community-rated premiums, guaranteed issue coverage, and the existence of a well-functioning individual market as a substitute. Using administrative payroll and healthcare claims data from...
Persistent link: https://www.econbiz.de/10013406459
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10013001310
This article examines pollution and environmental mortality in an economy where fertility is endogenous and output is … pollution-induced mortality but also shifts resources to the clean sector. If the dirty sector is more capital intensive, then … expansion of population boosts total pollution, aggravating mortality …
Persistent link: https://www.econbiz.de/10012966043
period and dynamic cohort mortality tables, estimates the differences in life expectancy between both tables using data from …
Persistent link: https://www.econbiz.de/10012919497
Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...
Persistent link: https://www.econbiz.de/10013139964
We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...
Persistent link: https://www.econbiz.de/10013154479
This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...
Persistent link: https://www.econbiz.de/10013084661
the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …. We provide evidence supporting these predictions using data on exogenous mortality reductions in the context of the …
Persistent link: https://www.econbiz.de/10013159658