savings. In line with life-cycle theory, we found that longevity increases saving ratios …This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model … savings. From this model, we derived an econometric specification, augmented with the effects of public budget balances. The …

concentration; an insurance cycle; pricing of mortality uncertainty and the growth in the impaired lives market …

stochastic event, age-specific mortality risks are endogenous variables, and spending on life protection is set jointly with …-specific mortality risks and implicit private values-of-life-saving (VLS) as "dual variables", and estimates them jointly. It also offers …

This paper investigates the local impact of biomedical research on mortality in the USA. Causally estimating the … enables research to be related to mortality at the geographic, disease and time level. We then estimate the marginal impact of … biomedical research on mortality using hospital market (HRR) level shocks to research activity by disease. Our identification …