Showing 1 - 10 of 1,981
assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness … add $127 billion to the value of a one percent decline in future mortality …
Persistent link: https://www.econbiz.de/10012480708
component due to infant mortality, has exhibited even more convergence than life expectancy. Sustained reductions in the … total economic value of gains against mortality in the U.S. prior to 1950 but only about 5 percent since …
Persistent link: https://www.econbiz.de/10012464552
Health care extends life. Over the past half century, Americans have spent a rising share of total economic resources on health and have enjoyed substantially longer lives as a result. Debate on health policy often focuses on limiting the growth of health spending. We investigate an issue...
Persistent link: https://www.econbiz.de/10012467953
-dependent fatal and nonfatal risk variables. Workers' value of statistical life exhibits an inverted U-shaped relationship over …
Persistent link: https://www.econbiz.de/10012468495
mortality if and only if mortality risk is convex in forecast errors. We test for such convexity using data on the universe of … how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts …
Persistent link: https://www.econbiz.de/10014322749
As growing numbers of retirees reach retirement age with substantial balances in self-directed retirement plans, annuities are likely to become increasingly important instruments for drawing down retirement savings. This study explores recent trends in the pricing of single-premium annuity...
Persistent link: https://www.econbiz.de/10012470938
The objective of this paper is to find the quantitative importance of some predictors of mortality among the population … including a history of heart attack or cancer, and subjective probabilities of survival. The estimation is based on mortality …-economic indicators and mortality declines with age 13 health indicators are strong predictors of mortality and that the subjective …
Persistent link: https://www.econbiz.de/10012471342
This paper proposes and analyzes a life-cycle model of consumption by couples. The model is considerably more complicated than the standard model for singles because it has to account for the welfare of a surviving spouse. The determinants of consumption are the survival paths of each spouse,...
Persistent link: https://www.econbiz.de/10012471753
This paper examines whether increased background mortality risks induce households to make differential health … investments in their high- versus low-endowment children. We argue that increases in background mortality risks may … disproportionately affect the survival of the low-endowment sibling, consequently increasing the mortality gap between the high- and low …
Persistent link: https://www.econbiz.de/10012464990
discussion of dependency ratios. Two alternative measures of age are explored: mortality risk and remaining life expectancy. With …. However, the fraction of the population that is above a mortality rate that corresponds to 65+ today will grow by only 20 … percent. Needless to say, the aging of the society is a lot less dramatic with the alternative mortality-based age measures …
Persistent link: https://www.econbiz.de/10012465170