, saving, and portfolio allocation patterns given stochastic and systematic mortality. Insurers have taken two approaches to … manage systematic mortality risks, namely self-insurance and risk transfer to purchasers of the annuity products. We …

adult mortality. This project estimates the impact of long-term exposure to air pollution on mortality by leveraging quasi … the effect of downwind exposure to highway-generated pollutants on the age-specific mortality rate by using bearing to the … a highway increases mortality among individuals 75 and older by 3.6 to 6.8 percent. These estimates are robust and …

at approximately age 57. Thus, older workers face strong incentives to earn enough to obtain creditable coverage through …

unemployment durations caused by UI benefits is due to a "liquidity effect" rather than distortions in marginal incentives to …

provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck … of hauls in a way that is consistent with the theory. By contrast, we find that vehicle ownership, which defines a driver …

-known danger is that the principal can hold up the agent, undermining the agent's investment incentives. We begin by identifying a … procedures. A noisy signal, however, means that the optimal contract will involve terms that courts might view as punitive and so …