The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of nonadditively separable preferences. The enlargement we...

The purpose of our paper is to derive instructive analytics on how to account for differentials in demographic variables, and in particular mortality, when performing welfare comparisons over time. The idea is to “correct” in various ways estimated income distribution measures for “sample...

This paper investigates whether leaving school in a bad economy deteriorates health in the longrun. We focus on individuals in England and Wales who left full-time education in their last year of compulsory schooling immediately after the 1973 oil crisis. Our identification strategy builds on...

The transition to retirement involves various disruptions, notably use of time and temporal perceptions. First, a qualitative study explores links between temporal perceptions and subjective experiences of retirement. Then, a quantitative study tests the influence of individual time perception...

Although there is a long tradition of studying differential mortality in France, the existing links between mortality and income have, to date, never been examined. This is explained by the lack of information on income in the demographic databases used to study mortality. This article presents...

The rise in life expectancy increases the likelihood that the proportion of the population living to an age at which their means will be exceeded and exposes the states and numerous institutions to an important longevity risk. The stakes are the optimal management of this social risk. Economic...

La liberté de choix offerte par l’ensemble de choix d’un agent sur l’espace temps-revenu semble offrir une définition plus convaincante du niveau de vie que les définitions traditionnelles. Dans le prolongement d’un résultat de Pattanaik et Xu nous proposons dans cette note une...