of a health shock that significantly increases his probability of dying. The family can buy term life insurance with …This paper studies the life cycle consumption-investment-insurance problem of a family. The wage earner faces the risk … income shock induces the need to reduce the insurance coverage, since premia become less affordable. Since such a reduction …

empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We … follow an innovative approach and use grip strength data to obtain an objective health shock indicator. In order to account …Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we …

empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We … follow an innovative approach and use grip strength data to obtain an objective health shock indicator. In order to account …Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we …