Showing 1 - 10 of 240
The profitability of life insurance offerings is contingent on accurate projections and pricing of mortality risk. The … COVID-19 pandemic created significant uncertainty, with dire mortality predictions from early forecasts resulting in … from Compulife. We estimate event-study models that exploit well-established variation in the COVID-19 mortality rate based …
Persistent link: https://www.econbiz.de/10013251775
how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce … mortality if and only if mortality risk is convex in forecast errors. We test for such convexity using data on the universe of … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts …
Persistent link: https://www.econbiz.de/10014347414
We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...
Persistent link: https://www.econbiz.de/10013016264
The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community-rated premiums, guaranteed issue coverage, and the existence of a well-functioning individual market as a substitute. Using administrative payroll and healthcare claims data from...
Persistent link: https://www.econbiz.de/10013406459
Starting from December 2012, insurers in the European Union were prohibited from charging gender-discriminatory prices. We examine the effect of this unisex mandate on risk segmentation in the German health insurance market. While gender used to be a pricing factor in Germany's private health...
Persistent link: https://www.econbiz.de/10012906485
We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...
Persistent link: https://www.econbiz.de/10013324973
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10013001310
In February 2015, the editors of eight health economics journals sent out an editorial statement which aims to reduce the extent of specification searching and reminds referees to accept studies that: "have potential scientific and publication merit regardless of whether such studies' empirical...
Persistent link: https://www.econbiz.de/10012864882
This paper sheds new light on the mortality effect of delaying retirement by investigating the impacts of the 1967 … 60 and 69, for almost all individuals. Heterogeneous analysis indicates that the increase in mortality is stronger for … retirement schemes, such as partial retirement, mitigates the detrimental effect of delaying retirement on mortality …
Persistent link: https://www.econbiz.de/10014076461
The demographic transition the move from a high fertility/high mortality regime into a low fertility/low mortality …
Persistent link: https://www.econbiz.de/10014076463