Markets and Mortality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Markets and Mortality write by Peter Dorman. This book was released on 1996-02-23. Markets and Mortality available in PDF, EPUB and Kindle. In this book the author examines and ultimately rejects the conventional economic view that workers who have more dangerous jobs accept their risks voluntarily and are compensated through higher wages. In doing so, he attacks widely used techniques for assigning a monetary value to human life for cost-benefit analysis and other purposes. Arguments are drawn from the history of occupational safety and health, econometric analysis of wage and risk data, and formal models of the labour market. In place of the conventional view, Peter Dorman proposes a view based on new work in decision theory (thick rationality) and the theory of repeated games. These insights are combined with comparative policy analysis to support an approach to risk that promotes both regulatory effectiveness and democratic values. Despite its technical content, the book is written in highly accessible style, and is concerned with matters of general interest in the development of critical social science.
High and Rising Mortality Rates Among Working-Age Adults
High and Rising Mortality Rates Among Working-Age Adults - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook High and Rising Mortality Rates Among Working-Age Adults write by National Academies of Sciences Engineering and Medicine. This book was released on 2021-12-02. High and Rising Mortality Rates Among Working-Age Adults available in PDF, EPUB and Kindle.
Life Markets
Life Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Life Markets write by Vishaal B. Bhuyan. This book was released on 2009-07-23. Life Markets available in PDF, EPUB and Kindle. A complete guide to longevity finance As the Baby Boomer population continues to age and the need for the securitization of life insurance policies increases, more financial institutions are looking towards longevity trading as a solution. Consequently, there is now a need for innovative financial products and strategies that have the ability to hedge longevity exposure for pension funds, reinsurance companies, and governments. These products and strategies are currently being developed with the use of life settlements. Here, author Vishaal Bhuyan provides a complete guide to this burgeoning sector. In Life Markets, Bhuyan and a team of expert contributors from leading firms offer an extensive look at how to trade life settlements. Provides practical guidance to the growing field of longevity finance Outlines the innovative financial products that are populating this field Highlights a safe haven for investors seeking returns in troubled times Covering everything from the history of life settlements to making a transaction-pricing, service providers, exchanges, and more-this book contains extensive coverage of the many issues surrounding longevity finance.
The Marginal Cost of Mortality Risk Reduction
The Marginal Cost of Mortality Risk Reduction - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Marginal Cost of Mortality Risk Reduction write by Kelly Bishop. This book was released on 2021. The Marginal Cost of Mortality Risk Reduction available in PDF, EPUB and Kindle. We provide the first evidence that spatial variation in all-cause mortality risk is capitalized into US housing prices. Using a hedonic framework, we recover the annual implicit cost of a 0.1 percentage-point reduction in mortality risk among older Americans and find that this figure is both relatively low and decreasing in age, from $1,346 for a 67 year old to $246 for an 87 year old. These estimates are one-fifth of the size of comparable estimates found in the labor market, suggesting that the housing market provides an alternative, substantially cheaper channel to reducing mortality risk.
Market Evidence of Misperceived Prices and Mistaken Mortality Risks
Market Evidence of Misperceived Prices and Mistaken Mortality Risks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Market Evidence of Misperceived Prices and Mistaken Mortality Risks write by Jay Bhattacharya. This book was released on 2003. Market Evidence of Misperceived Prices and Mistaken Mortality Risks available in PDF, EPUB and Kindle. We construct and implement a test of rational consumer behavior in a highstakes financial market. In particular, we test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from secondary life insurance markets where consumers with a lifethreatening illness sell their life insurance policies to firms in return for an up-front payment. We compare predictions from two models: one with consumers who correctly perceive their mortality risk, and one with consumers who are misguided about their life expectancy, and find that our data are most consistent with the predictions made by the second model.
