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 …

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

We examine the drivers of variable annuity sales and the impact of a proposed regulatory change. Variable annuities are … variable annuity sales are roughly five times more sensitive to brokers' financial interests than investors'. To help limit …

2023. Women are much more likely to select a member-only annuity while a larger proportion of men select a J&S annuity that …, older ages at retirement, and more years of service are associated with a greater probability of choosing a J&S annuity. We … receiving an annuity from their primary plan …

flood insurance coverage for risk averse individuals, and those who have no reported previous flood experience and have not … the insurance cost explain between 34 and 37 percent of the relationship between the default and flood insurance demand …

We study the liquidity demand of large settlement banks in the UK and its effect on the Sterling Money Markets before … amount of payment activity and more so for weaker banks. We establish that the liquidity demand by settlement banks caused … experienced by all settlement banks, regardless of their credit risk, suggestive of an interest-rate contagion from weaker to …

This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers … purchasing electricity according to the half-hourly energy prices from the England and Wales (E&W) electricity market. These … customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that …

effects of fake reviews on individual demand and welfare. We conduct an incentive-compatible online experiment with a …

that, although initially, vaccines have little effect on new infections they strongly reduce the share of mortality out of … hypothesis that the ratio of current mortality to lagged infections is decreasing in the total number of vaccines per one hundred … conclusion from the statistical analysis is that, passed a certain threshold, vaccines moderate the share of mortality from a …