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 …

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 …

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 …

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 …

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 …

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 …