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Fair long-term care insurance
Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Gregory - 2019
The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...
Persistent link: https://www.econbiz.de/10012024401
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Premature deaths, accidental bequests and fairness
Fleurbaey, Marc; Leroux, Marie-Louise; Pestieau, Pierre; … - 2017
While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subject to a confiscatory tax. We propose to reexamine the optimal taxation of accidental bequests in an economy where individuals care about what they...
Persistent link: https://www.econbiz.de/10011778698
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The gift of a lifetime : the hospital, modern medicine, and mortality
Hollingsworth, Alex; Karbownik, Krzysztof; Thomasson, … - 2022
. In this paper, we explore how access to the hospital and modern medicine affects mortality. We do so by leveraging a …-supported hospital reduced infant mortality by 10%, saving one life for every $20,000 (2017 dollars) spent. Effects were larger for Black … infants (16%) than for White infants (7%), implying a reduction in the Black-White infant mortality gap by one-third. We show …
Persistent link: https://www.econbiz.de/10013454014
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The impact of Margaret Sanger's birth control clinics on early 20th century U.S. fertility and mortality
Bauernschuster, Stefan; Grimm, Michael; Hajo, Cathy Moran - 2023
infant mortality. The effect of birth control clinics on puerperal deaths is consistently negative, yet insignificant …
Persistent link: https://www.econbiz.de/10014275980
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A comparison of unemployment, income and mortality interaction for five European countries
MacAvinchey, Ian D. - In: Applied economics 20 (1988) 4, pp. 453-471
Persistent link: https://www.econbiz.de/10001047133
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Adverse selection in the annuity market with sequential and simultaneous insurance demand
Brunner, Johann K.; Pech, Susanne - 2002
This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement separate contracts can be purchased. Demand for the...
Persistent link: https://www.econbiz.de/10011541030
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Optimum and risk-class pricing of annuities
Sheshinski, Eytan - 2003
When information on longevity (survival functions) is unknown early in life, individuals have an interest to insure themselves against future "risk-class" classification. Accordingly, the First-Best typically involves transfers across states of nature. Competitive equilibrium cannot provide such...
Persistent link: https://www.econbiz.de/10011506208
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Note on the optimum pricing of annuities
Sheshinski, Eytan - 2003
In a perfectly competitive market for annuities with full information, the price of annuities is equal to individuals (discounted) survival probabilities. That is, prices are actuarially fair. In contrast, the pricing implicit in social security systems invariably allows for cross subsidization...
Persistent link: https://www.econbiz.de/10011506431
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The willingness to pay for mortality risk reductions : a comparison of the United States and Canada
Alberini, Anna; Krupnick, Alan J.; Cropper, Maureen L.; … - 2002
mortality risk reductions. We find similar Value of Statistical Life estimates across the two studies, ranging from USD 930 …
Persistent link: https://www.econbiz.de/10011409036
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A theory of health investment under competing mortality risks
Chang, Fwu-ranq - 2002
In this paper we present a theory of health investment when there are multiple causes of death. Since there are several risks competing for one's life, the health investments in avoiding different causes of death are not independent in general. We analyze the optimal investment rules and the...
Persistent link: https://www.econbiz.de/10011409040