assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness … illness can significantly increase the value of statistical life, helping to reconcile theory with empirical findings that … add $127 billion to the value of a one percent decline in future mortality …

adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility … component due to infant mortality, has exhibited even more convergence than life expectancy. Sustained reductions in the … total economic value of gains against mortality in the U.S. prior to 1950 but only about 5 percent since …

The objective of this paper is to find the quantitative importance of some predictors of mortality among the population … including a history of heart attack or cancer, and subjective probabilities of survival. The estimation is based on mortality …-economic indicators and mortality declines with age 13 health indicators are strong predictors of mortality and that the subjective …

This paper examines whether increased background mortality risks induce households to make differential health … investments in their high- versus low-endowment children. We argue that increases in background mortality risks may … disproportionately affect the survival of the low-endowment sibling, consequently increasing the mortality gap between the high- and low …

discussion of dependency ratios. Two alternative measures of age are explored: mortality risk and remaining life expectancy. With …. However, the fraction of the population that is above a mortality rate that corresponds to 65+ today will grow by only 20 … percent. Needless to say, the aging of the society is a lot less dramatic with the alternative mortality-based age measures …

Using the widely-cited Lee-Carter mortality model, we quantify aggregate mortality risk as the risk that the average … substantial mortality risk. We calculate that a markup of 3.7% on an annuity premium (or else shareholders' capital equal to 3 …. Insurance companies could deal with aggregate mortality risk by transferring it to financial markets through mortality …

involuntary or accidental. Moreover, parameter estimates using subjective mortality risk perform better in predicting out … influenced more strongly by individual-level beliefs about mortality risk than by group level mortality risk …This paper investigates whether subjective expectations about future mortality affect consumption and bequests motives …

mortality risk, and one with consumers who are misguided about their life expectancy, and find that our data are most consistent … test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from …