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 …

This paper estimates the value of a statistical life (VSL), or the willingness to trade-off wealth and mortality risk … approach and significant variation in retention bonuses and mortality risk, we recover average VSL estimates that range between … Rosen's (1974) vision to recover indifference curves between wealth and non-market goods (e.g., mortality risk) and document …

This paper develops the first globally comprehensive and empirically grounded estimates of mortality risk due to future … temperature increases caused by climate change. Using 40 countries' subnational data, we estimate age-specific mortality … adaptation. We uncover a U-shaped relationship where extreme cold and hot temperatures increase mortality rates, especially for …

Using the widely-cited Lee-Carter mortality model, we quantify aggregate mortality risk as the risk that the average … substantial mortality risk. We calculate that a markup of 3.7% on an annuity premium (or else shareholders' capital equal to 3 … aggregate mortality trends to 5% and a markup of 5.4% would reduce the probability of insolvency to 1%. Using the same model, we …

markets, focusing on the US, the UK, and Japan. Our results help assess the extent to which life insurers can hedge mortality …

test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from … mortality risk, and one with consumers who are misguided about their life expectancy, and find that our data are most consistent …