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Biased survival expectations and behaviours : does domain specific information matter?

Costa-Font, Joan; Vilaplana Prieto, Cristina - 2021 - This version: January 2022

We study biased survival expectations across two domains and examine whether such biased expectations influence health and financial behaviors. Combining individual-level longitudinal data, retrospective, and end of life data from several European countries for more than a decade, we estimate...

Persistent link: https://www.econbiz.de/10012669614

Evidence on individual preferences for longevity risk

Delprat, Gae͏̈tan; Leroux, Marie-Louise; Michaud, … - 2013

The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...

Persistent link: https://www.econbiz.de/10009730526

Effects of macro uncertainty on mean expectations and subjective uncertainty : evidence from households and professional forecasters

Piccillo, Giulia; Poonpakdee, Poramapa - 2021

Macroeconomic uncertainty affects the subjective distribution of individual expectations. Using four panel datasets, we document the effects of macro uncertainty on the mean expectation (first moment) and subjective uncertainty (second moment) of income forecasts. We find that macro uncertainty...

Persistent link: https://www.econbiz.de/10012745240

Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle

Chatterjee, Pratiti; Milani, Fabio - 2020

What are the effects of beliefs, sentiment, and uncertainty, over the business cycle? To answer this question, we develop a behavioral New Keynesian macroeconomic model, in which we relax the assumption of rational expectations. Agents are, instead, boundedly rational: they have a...

Persistent link: https://www.econbiz.de/10012294890

Collective risk-taking decisions with heterogeneous beliefs

Gollier, Christian - 2003

Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...

Persistent link: https://www.econbiz.de/10011507677

Uncertainty, imperfect information, and expectation formation over the firm's life cycle

Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2020

Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...

Persistent link: https://www.econbiz.de/10012258487

The design of pension pay out options when the health status during retirement is uncertain

Kifmann, Mathias (contributor) - 2008

Persistent link: https://www.econbiz.de/10003635223

The impact of pharmaceutical innovation on longevity and medical expenditure in Sweden, 1997-2010 : evidence from longitudinal, disease-level data

Lichtenberg, Frank R.; Pettersson, Billie - 2012

expenditure in Sweden, where mean age at death increased by 1.88 years during the period 1997-2010. Pharmaceutical innovation is … utilization in Sweden, so the cost per life-year gained from the introduction of new drugs was quite low. -- longevity … ; pharmaceutical ; innovation ; drugs ; Sweden …

Persistent link: https://www.econbiz.de/10009571756

Morbidity, mortality, health expenditures and annuitization

Tang, Kam Ki (contributor); Zhang, Jie (contributor) - 2007

Persistent link: https://www.econbiz.de/10003598833

Longevity and aggregate savings

Sheshinski, Eytan (contributor) - 2006 - Rev.

Persistent link: https://www.econbiz.de/10003379836

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