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Conspicuous Consumption and Race:Evidence from South Africa

Kaus, Wolfhard - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

A century ago, Thorstein Veblen introduced socially contingent con-sumption into the economic literature. This paper complements the scarceempirical literature by testing his conjecture on South African householddata and nds that Black and Coloured households spend relatively moreon visible...

Persistent link: https://www.econbiz.de/10005870850

The Influence of the Business Cycle on Mortality

Reichmuth, Wolfgang H.; Sarferaz, Samad - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008

We analyze the impact of short-run economic fluctuations on age-specific mortality usingBayesian time series … autoregressions of a latent mortality variable and of unemployment andGDP growth as main business cycle indicators. We find that young … adults noticeablydiffer from the rest of the population. They exhibit increased mortality in a recession,whereas most of the …

Persistent link: https://www.econbiz.de/10005862544

Health and (other) Asset Holdings

Hugonnier, Julien; Pelgrin, Florian; St-Amour, Pascal - National Centre of Competence in ResearchFinancial … - 2009

The empirical literature on the asset allocation and medical expenditures ofU.S. households consistently shows that risky portfolio shares are increasing inboth wealth and health whereas health investment shares are decreasing in thesesame variables. Despite this evidence, most of the existing...

Persistent link: https://www.econbiz.de/10005868769

Anmerkungen zur neuen Sterbetafel DAV2004R : individuelle und kollektive insbesondere regionale Einflüsse auf die Sterblichkeit

Holz, Robert - 2004

Schon die Betrachtung der Sterblichkeit der gesetzlich Rentenversicherten macht deutlich das Sozioökonomische Merkmale … großen Einfluss auf die Sterblichkeit nehmen, wie folgende denVeröffentlichungen zur Herleitung der Sterbetafel DAV2004R der …

Persistent link: https://www.econbiz.de/10005846562

A Credibility Approach to Mortality Risk

Hardy, M.R.; Panjer, H.H. - 1998

Bfihlmann-Straub credibility is used to find an estimate of the mortality lossratio for a company, relative to a … deviation to be added to the mortality rate (in accordance with thegeneral principle of Canadian statutory valuation) is derived... …

Persistent link: https://www.econbiz.de/10005847246

Sterblichkeit und Lebenserwartung, insbesondere mit Blick auf die überobligatorische berufliche Vorsorge

Schweiz / Bundesamt für Privatversicherungen - 2006

Wer für das Alter lebenslängliche Renten versichern will, braucht eine Versicherungseinrichtung, welche dieses Risiko für einen ganzen Kreis von Personen versichert. Dabei stützt sich die Versicherungseinrichtung auf die Erfahrung aus der Vergangenheit und benützt eine so genannte...

Persistent link: https://www.econbiz.de/10005847748

STATISTICAL VS. IDENTIFIED LIVES INBENEFIT-COST ANALYSIS

Hammitt James K.; Treich Nicolas - CESifo GmbH <München> - 2007

Economic evaluation of projects involving changes in mortality risk conventionally assumesthat lives are statistical, i ….e., that risks and policy-induced changes in risk are small andsimilar among a population. In reality, baseline mortality risks …

Persistent link: https://www.econbiz.de/10005858923

Optimal asset allocation for pension funds under mortality risk during the accumulation and decumulation phases

Battocchio, Paolo; Menoncin, Francesco; Scaillet, Olivier - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

In a financial market with one riskless asset and n risky assets following geometric Brownian motions, we solve the problem of a pension fundmaximizing the expected CRRA utility of its terminal wealth. By considering a stochastic death time for a subscriber, we solve a unique problem for both...

Persistent link: https://www.econbiz.de/10005859125

Bayesian Demographic Modeling and Forecasting: An Application to U.S. Mortality

Reichmuth, Wolfgang; Sarferaz, Samad - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008

We present a new way to model age-specific demographic variables with the example of age-specific mortality in the U … jointly with the latent variables underlying mortality of all age classes. In contrast to previousmodels, a similar … forecasts for particular age classes. A structural analysis of the relationship between age-specific mortality and covariates is …

Persistent link: https://www.econbiz.de/10005860485

Beyond the business cycle factors driving aggregate mortality rates

Hanewald, Katja - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008

This article provides a comprehensive econometric analysis of factors driving aggregate mortality rates over time. It …-2004, indicates that sex- and age-specific mortality rates varysubstantially in their response to external factors. Strongest …

Persistent link: https://www.econbiz.de/10005860564