family, in the event of an untimely death. Ideally, the individual would like to insure the risk of having high future …

We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality … measures of cognitive ability and family background at age 12. The data are subsequently linked to the mortality register 1995 …-2011, such that we observe mortality between ages 55 and 75. The results suggest that the treatment effect of education (i.e. the …

example, report contradictory effects of education and compulsory schooling on mortality - ranging from zero to large … mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we … quantify the mean mortality effect and explore its dispersion across gender, time and countries. We find that men benefit from …

changes in fertility and mortality on the developed world’s demographic transition. The model features three regions – the U ….S., Japan, and the EU-15 – and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions … economic consequences of both higher fertility and lower mortality rates. The simulations indicate very minor effects on the …

In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization …

risk factors are correlated with each other and the degree of dependence individual firms have to the different types of … risk factors. Using a global vector autoregressive macroeconometric model accounting for about 80% of world output, we … propose a model for exploring credit risk diversification across industry sectors and across different countries or regions …

We develop a framework for modeling conditional loss distributions through the introduction of risk factor dynamics …

This paper considers a simple model of credit risk and derives the limit distribution of losses under different … results obtained indicate that if firm-specific risk exposures (including their default thresholds) are heterogeneous but come … from a common parameter distribution, for sufficiently large portfolios there is no scope for further risk reduction …