Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10001815192
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity. Another approach, called the phased withdrawal strategy in the literature, would have the retiree invest his funds and then...
Persistent link: https://www.econbiz.de/10010986362
We examine insurance markets with two types of customers: those who regret suboptimal decisions and those who don.t. In … positive correlation between the amount of insurance coverage and risk type, as in the standard economic models of adverse … selection, but there also exist separating equilibria that predict a negative correlation between the amount of insurance …
Persistent link: https://www.econbiz.de/10010986404
in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage … through deductibles or selling at-fault insurance can partially internalize this externality and thereby improve individual …
Persistent link: https://www.econbiz.de/10010986430
equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …
Persistent link: https://www.econbiz.de/10010958527
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …
Persistent link: https://www.econbiz.de/10010958578
with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for …
Persistent link: https://www.econbiz.de/10010958684
Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders … necessary for a stock insurer to offer insurance at a fair premium, but not for a mutual. In the presence of an ownermanager …
Persistent link: https://www.econbiz.de/10010958690
We analyse a 2-period competitive insurance market which is characterized by the simultaneous presence of standard … which patient consumers use high effort and buy a profit-making insurance contract with high coverage, whereas impatient …
Persistent link: https://www.econbiz.de/10010958723
We take a simple time-series approach to modeling and forecasting daily average temperature in U.S. cities, and we inquire systematically as to whether it may prove useful from the vantage point of participants in the weather derivatives market. The answer is, perhaps surprisingly, yes....
Persistent link: https://www.econbiz.de/10010958801