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 returns to human capital investment, and endogenous borrowing constraints …

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 … violated for the old age dependency risk (mainly because longevity in turn is positively correlated with productivity). We …

people form COVID-19 mortality risk beliefs and the implications for prosocial behavior. We first document that people …The perception of risk affects how people behave during crises. We conduct a series of experiments to explore how … overestimate their own risk and that of young people, while underestimating the risk old people face. We show that the availability …

and objective individual-survival curves accounting for rounding on subjective reports of perceived mortality risk. We …In this paper, we compare individual survival curves constructed from objective (actual mortality) and elicited … make use of the long follow-up period in the Health and Retirement Study and the high quality of mortality data to estimate …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …

Gneezy et al. (2012) uses attribution theory from the psychology literature to argue that when the object of … with the observability of ethnicity, and the exposure to situations where there is a risk of discrimination, to produce a … Strait Islanders Social Survey (NATSISS) is presented that is consistent with the predictions of this theory …

This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …

The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …

The profitability of life insurance offerings is contingent on accurate projections and pricing of mortality risk. The … on age and underlying health status. Despite the increase in mortality risk and significant uncertainty, we find limited … COVID-19 pandemic created significant uncertainty, with dire mortality predictions from early forecasts resulting in …

mortality if and only if mortality risk is convex in forecast errors. We test for such convexity using data on the universe of … how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts …