Ehrlich, Isaac; Yin, Yong - In: Journal of Risk and Uncertainty 31 (2005) 2, pp. 129-162
To what extent can life protection account for observed diversities in age-specific life expectancies across individuals and over time? We provide answers via calibrated simulations of a life-cycle model where life’s end is stochastic, and age-specific mortality hazards are endogenous outcomes...