The analytic innovation is treating life's end as uncertain, and life expectancy as partly the product of individuals' efforts to self-protect against mortality and morbidity risks. The demand for self-protection is modeled in a stochastic, life-cycle framework under alternative insurance...

Census data from international sources covering 77 percent of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the United States, has been rising over the last four decades. Moreover, the population share of skilled migrants...

The paper's point of departure is that the information content of financial asset prices is formed partly through search for private information by individuals or investor groups, rather than gleaned exclusively from observed asset prices. Differences in the efficiency of search for information...