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Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities

Maurer, Raimond - 2014

participating lifetime annuities, an insurance product that pays retirees guaranteed lifelong benefits along with variable non …

Persistent link: https://www.econbiz.de/10013053850

Human Capital Risk, Contract Enforcement, and the Macroeconomy

Krebs, Tom - 2011

least insured. We document this risk-insurance pattern in data on life-insurance drawn from the Survey of Consumer Finance …. A calibrated version of the model can quantitatively account for the life-cycle variation of insurance observed in the … US data and implies welfare costs of under-insurance for young households that are equivalent to a 4 percent reduction in …

Persistent link: https://www.econbiz.de/10013117121

Mortality Risk, Insurance, and the Value of Life

Bauer, Daniel - 2018

We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness, and it can quantify the effects of retirement...

Persistent link: https://www.econbiz.de/10012911078

Default Options and Insurance Demand

Robinson, Peter John; Botzen, W.J.W; Kunreuther, Howard; … - 2022

choices between alternatives. We study whether defaults can be used to increase insurance coverage against low …-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …

Persistent link: https://www.econbiz.de/10013291783

Did the Reform Fix the London Fix Problem?

Ito, Takatoshi - 2017

This paper examines the consequences of the 2015 reform on the London fixing in the interbank forex market, which resulted from finding and imposing a penalty on banks' collusive behavior around the fixing window. The banks changed their behavior after the reform, and the volume spike in the...

Persistent link: https://www.econbiz.de/10012958583

Financial Flows and the International Monetary System

Passari, Evgenia - 2015

We review the findings of the literature on the benefits of international financial flows and find that they are quantitatively elusive. We then present evidence on the existence of a global cycle in gross cross border flows, asset prices and leverage and discuss its impact on monetary policy...

Persistent link: https://www.econbiz.de/10013022596

How Merchant Towns Shaped Parliaments : From the Norman Conquest of England to the Great Reform Act

Angelucci, Charles - 2017

We study the emergence of urban self-governance during the Commercial Revolution in the 12th- 13th century and show that municipal autonomy shaped national institutions over the subsequent centuries. We focus on England after the Norman Conquest of 1066 and build a novel comprehensive dataset of...

Persistent link: https://www.econbiz.de/10012951352

The Making of the Modern Metropolis : Evidence from London

Heblich, Stephan - 2018

Using newly-constructed spatially-disaggregated data for London from 1801-1921, we show that the invention of the steam railway led to the first large-scale separation of workplace and residence. We show that a class of quantitative urban models is remarkably successful in explaining this...

Persistent link: https://www.econbiz.de/10012911089

Censorship, Family Planning, and the Historical Fertility Transition

Beach, Brian - 2019

The historical fertility transition is one of the most important events in economic history. This study provides new …

Persistent link: https://www.econbiz.de/10012872300

Tales from the Bretton Woods

Bordo, Michael D. - 2014

An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The build up of TARGET balances in the Eurosystem of Central Banks after 2007 with the GIPS (deficit countries having large liabilities) and Germany (a surplus country) with large...

Persistent link: https://www.econbiz.de/10013051313

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