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stochastic mortality risk and health shock risk numerically. These shocks are interpreted as critical illness and can negatively … affect the expected remaining lifetime, the health expenses, and the income. In order to hedge the health expense effect of a …
Persistent link: https://www.econbiz.de/10010252053
This paper studies the life cycle consumption-investment-insurance problem of a family. The wage earner faces the risk … of a health shock that significantly increases his probability of dying. The family can buy term life insurance with …
Persistent link: https://www.econbiz.de/10010250168
Persistent link: https://www.econbiz.de/10011743594
results, underpin our panel results. We show in addition that a negative recollection of health issues, leads to a lower risk …This paper looks at individual risk behavior and disability in Vietnam, where many households live with a disabled … who live with a disabled family member are more risk averse than others. In addition we employ field experiments and …
Persistent link: https://www.econbiz.de/10012126407
results, underpin our panel results. We show in addition that a negative recollection of health issues, leads to a lower risk …This paper looks at individual risk behavior and disability in Vietnam, where many households live with a disabled … who live with a disabled family member are more risk averse than others. In addition we employ field experiments and …
Persistent link: https://www.econbiz.de/10012109905
empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We …Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we … follow an innovative approach and use grip strength data to obtain an objective health shock indicator. In order to account …
Persistent link: https://www.econbiz.de/10013010890
empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We …Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we … follow an innovative approach and use grip strength data to obtain an objective health shock indicator. In order to account …
Persistent link: https://www.econbiz.de/10013009820
Persistent link: https://www.econbiz.de/10003865127
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