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Historical analysis of national subjective wellbeing using millions of digitized books
Hills, Thomas; Proto, Eugenio; Sgroi, Daniel - 2016
from millions of digitized books for the USA, UK, Germany, France, Italy and Spain. While existing measures go back at most … measures where available. The relationship with life expectancy is significant and positive. Infant mortality correlates …
Persistent link: https://www.econbiz.de/10011476047
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The contribution of pharmaceutical innovation to longevity growth in Germany and France
Lichtenberg, Frank R. - 2010
-adjusted cancer mortality rates of residents of France, using longitudinal, annual, cancer-site-level data during the period 2002 …I investigate the contribution of pharmaceutical innovation to recent longevity growth in Germany and France. First, I …-adjusted mortality rates of residents of Germany, using longitudinal, annual, state-level data during the period 2000-2007. The estimates …
Persistent link: https://www.econbiz.de/10003977959
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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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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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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 …
Persistent link: https://www.econbiz.de/10011409040
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Risk aversion and the value of risk to life
Bommier, Antoine; Villeneuve, Bertrand - 2004
This paper argues for an alternative methodology to estimate the value of risk to life. By relaxing the assumption of additive separability, we introduce risk aversion with respect to the length of life and show that the extended model better fits available data. This is crucial for the...
Persistent link: https://www.econbiz.de/10011450654
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Growth and welfare under endogenous lifetime
Schneider, Maik T.; Winkler, Ralph - 2017 - This Version: February 2017
growth. We identify the moral-hazard effect in healthcare investments when annuity rates are conditioned on average mortality …
Persistent link: https://www.econbiz.de/10011611936