This study is one of the first investigating the causal evidence of the morbidity costs of fine particulates (PM2.5) for all age cohorts in a developing country, using individual-level health spending data from a basic medical insurance program in Wuhan, China. Our instrumental variable (IV)...

Knowledge inertia is one of hurdles for innovation assimilation at the organizational level. This research investigates its impact at the individual level among professionals or knowledge workers and reveals the mechanisms either mitigating or deteriorating its impact on professionals’...

This study investigates the asset-liability management (ALM) of life insurers in the markets with negative interest rates. Using a sample of Japanese life insurers between 1999 and 2018, we provide initial evidence that the negative interest rate environment produces a much more serious...