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We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …
Persistent link: https://www.econbiz.de/10013038429
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …
Persistent link: https://www.econbiz.de/10013121063
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …
Persistent link: https://www.econbiz.de/10012461333
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Persistent link: https://www.econbiz.de/10012429304
We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a … both mental and physical health. In addition, individuals feel less financially constrained and are more optimistic about …
Persistent link: https://www.econbiz.de/10014535353
Poor heath, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...
Persistent link: https://www.econbiz.de/10009765440