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We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...
Persistent link: https://www.econbiz.de/10003748490
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We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …
Persistent link: https://www.econbiz.de/10013121063
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …
Persistent link: https://www.econbiz.de/10013038429
Recent increases in mortality have brought life expectancy back to the forefront of the public health debate in the US … restricted to very particular causes of death, but is mostly driven by adult and old age mortality. We calculate that welfare …
Persistent link: https://www.econbiz.de/10012583670
We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...
Persistent link: https://www.econbiz.de/10013316486