exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

survey data, we assess six possible explanations for this upsurge in mortality. Most find little support in the data: the … mortality rates. The two factors that do appear to be important are alcohol consumption, especially as it relates to external …

macroeconomic conditions and fatalities. The main finding is that total mortality and deaths from several common causes increase … a 0.4 percent rise in total mortality and 0.4, 1.1, 1.8, 2.1 and 0.8 percent increases in deaths from cardiovascular …

A number of studies suggest that mortality rates among East German men increased in the wake of reunification, in … mortality and cause of death statistics based on detailed regional data. The results indicate that there was indeed an increase … in mortality rates which cannot be dismissed as a statistical artefact. Next, the paper discusses various theories …

that the general adult male mortality crisis in the region had a ?feedback? effect on suicide rates, with the loss of a …

with mortality. This paper studies the effects of income on health and mortality, using only the part of income variation …

A recent debate in the medical literature has arisen around the mortality effects of obesity. Whereas it has been … undermines the notion that economic growth comes with health warnings. We revisit this debate going over the mortality effects of …