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A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...
Persistent link: https://www.econbiz.de/10012462520
This paper shows how to generate the joint distribution of correlated random variables with specified marginal distributions. For cases where the marginal distributions are either normal or lognormal, it shows how to calculate analytically the correlation of the underlying normal distributions...
Persistent link: https://www.econbiz.de/10012473293
Debt neutrality is said to occur if, given a program for public spending on current goods and services over time, the real equilibrium of the economy (private consumption, investment, relative prices, etc.) is independent of the pattern of government borrowing and lump-sum taxation over time....
Persistent link: https://www.econbiz.de/10012477043
This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10012461601
Various health-, quality-, and disability-adjusted life year or life expectancy (HALY, QALY, DALY; HALE, QALE, DALE) measures have become gold standards for defining outcomes in technology evaluation, population health monitoring, and other evaluative efforts. As such, it is critical that the...
Persistent link: https://www.econbiz.de/10012470842
The demographic transition --the move from a high fertility/high mortality regime into a low fertility/low mortality …
Persistent link: https://www.econbiz.de/10012696389
Pensions and age specific death rates are intertwined in several ways. Pensions provide a mechanism to remove the uncertainty about date of death from consumption planning. Age specific death rates determine the cost and value of pensions. In this paper, we use the Retirement History Survey to...
Persistent link: https://www.econbiz.de/10012478300
fertility, mortality, human capital and intergenerational mobility, looking for structural breaks associated with the French …
Persistent link: https://www.econbiz.de/10012479446
What would a hypothetical one million US deaths in the Covid-19 epidemic mean for mortality of individuals at the … population level? To put estimates of Covid-19 mortality into perspective, we estimate age-specific mortality for an epidemic … can be valued at six to 10 trillion dollars. The age-patterns of Covid-19 mortality observed in other countries are …
Persistent link: https://www.econbiz.de/10012482000
remaining life expectancy and lower mortality risk relative to earlier time periods due to improvements in mortality. We examine … to determine what eligibility ages would be today and in 2050 if adjustments for mortality improvement were taken into … approximately 0.15 years annually. Failure to adjust for mortality improvement implies the percent of the population eligible to …
Persistent link: https://www.econbiz.de/10012464411