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A Unified Model of Cohort Mortality for Economic Analysis

Moreau, Flavien; Lleras-Muney, Adriana - 2021

We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model … provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model … mortality gradients across socio-economic statuses, (ii) non-monotonic dynamic effects of in-utero shocks, (iii) persistent or …

Persistent link: https://www.econbiz.de/10013243051

The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans

Kisser, Michael - 2013

This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable...

Persistent link: https://www.econbiz.de/10013089786

Mortality and Lifetime Income : Evidence from U.S. Social Security Records

Duggan, James - 2008

Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas … between individual mortality and lifetime income with a large micro data base of current and former retired participants in … death between low and high lifetime income are on the order of two to three years. Income-related mortality differences …

Persistent link: https://www.econbiz.de/10012773661

Death and Taxes : Does Taxation Matter for Firm Survival?

Cevik, Serhan - 2019

This paper investigates the impact of taxation on firm survival, using hazard models and a large-scale panel dataset on over 4 million nonfinancial firms from 21 countries over the period 1995-2015. We find ample evidence that a lower level of effective marginal tax rate improves firms' survival...

Persistent link: https://www.econbiz.de/10012869293

How Do International Financial Flows to Developing Countries Respond to Natural Disasters?

David, Antonio C. - 2011

This paper uses multivariate dynamic panel analysis to examine the response of international financial flows to natural disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types of financial flows. The results show that...

Persistent link: https://www.econbiz.de/10014178702

Economic Growth after Debt Surges

Jalles, João Tovar; Medas, Paulo A. - 2022

Debt levels, both private and public, were already at record highs before the Covid-19 pandemic, and surged further in 2020. The high indebteness raises concerns whether it will undermine future growth prospects. This paper contributes to the ongoing debate by examining what happens to economic...

Persistent link: https://www.econbiz.de/10014079010

Do IMF Programs Stimulate Private Sector Investment?

Bomprezzi, Pietro; Marchesi, Silvia; Turk Ariss, Rima - 2022

This paper provides new evidence on the role of IMF programs in stimulating private sector investments. Using detailed firm-level data on tangible fixed assets and a local projection methodology, we first estimate the dynamic response of firm investments to the approval of an IMF arrangement. We...

Persistent link: https://www.econbiz.de/10014079012

Predicting Macroeconomic and Macrofinancial Stress in Low-Income Countries

Weisfeld, Hans; Carvalho Filho, Irineu de; Comelli, Fabio; … - 2021

In recent years, Fund staff has prepared cross-country analyses of macroeconomic vulnerabilities in low-income countries, focusing on the risk of sharp declines in economic growth and of debt distress. We discuss routes to broadening this focus by adding several macroeconomic and macrofinancial...

Persistent link: https://www.econbiz.de/10013250073

How Do Public Debt Cycles Interact with Financial Cycles?

Poghosyan, Tigran - 2016

We employ a duration model to study determinants of public debt cycles in 57 advanced and emerging economies over the 1960-2014 period, with a particular focus on the impact of financial cycles. The results suggest that the association between financial and debt cycles is asymmetric. Debt...

Persistent link: https://www.econbiz.de/10012999747

Fiscal Consequences of Terrorism

Cevik, Serhan - 2016

This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative effect on tax revenueperformance, after...

Persistent link: https://www.econbiz.de/10013002155