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improvements using the Human Mortality Database. The results show a lower optimal purchase of LTC insurance in the morbidity … alternative morbidity scenarios (i.e., morbidity compression/expansion and dynamic equilibrium) influences retirees’ optimal … health state transition matrices estimated from the U.S. Health and Retirement Survey dataset and adjust mortality …
Persistent link: https://www.econbiz.de/10014235553
Seit geraumer Zeit befindet sich Deutschland in einer Phase, die durch eine ungebremste Abnahme der Alterssterblichkeit gekennzeichnet ist. Da das Morbiditätsspektrum weit überwiegend von chronisch-degenerativen Krankheiten geprägt wird, wirft die zurückgehende Altersmortalität drei in...
Persistent link: https://www.econbiz.de/10011923371
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In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization …
Persistent link: https://www.econbiz.de/10012759851
mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011437147
mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011454352
Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life expectancy, and the value of life. We set up a a life cycle...
Persistent link: https://www.econbiz.de/10011388100
growth. We identify the moral-hazard effect in healthcare investments when annuity rates are conditioned on average mortality …
Persistent link: https://www.econbiz.de/10011611936
Persistent link: https://www.econbiz.de/10011923708