Old-Age Longevity and Mortality-Contingent Claims

Journal of Political Economy

Volumn 106, Issue 3, 1998, Pages 551-573

  Philipson, Tomas J ^a   Becker, Gary S ^a  

^a UNIVERSITY OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000986907     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/250021     Document Type: Article

References (35)

1. Anand, Sudhir, and Ravallion, Martin. "Human Development in Poor Countries: On the Role of Private Incomes and Public Services." J. Econ. Perspectives 7 (Winter 1993): 133-50.
2. Arthur, W. B. "The Economics of Risks to Life." A.E.R. 71 (March 1981): 54-64.
3. Byers, Tim. "Body Weight and Mortality." New England J. Medicine 333 (September 14, 1995): 723-24.
4. Cagan, Phillip. The Effect of Pension Plans on Aggregate Saving: Evidence from a Sample Survey. New York: Columbia Univ. Press (for NBER), 1965.
5. Cawley, John, and Philipson, Tomas. "An Empirical Examination of Information Barriers to Trade in Markets for Mortality Contingent Claims." Working Paper no. 5669. Cambridge, Mass.: NBER, 1996.
6. Dow, William H.; Philipson, Tomas; and Sala-i-Martin, Xavier. "Longevity Complementarities under Competing Risks." A.E.R. (in press).
7. Duleep, Harriet O. "Measuring the Effect of Income on Adult Mortality Using Longitudinal Administrative Record Data." J. Human Resources 21 (Spring 1986): 238-51.
8. Ehrlich, Isaac, and Chuma, Hiroyuki. "The Demand for Life: Theory and Applications." In Economic Imperialism: The Economic Approach Applied outside the Field of Economics, edited by Gerard Radnitzky and Peter Bernholz. New York: Paragon, 1987.
9. _. "A Model of the Demand for Longevity and the Value of Life Extension." J.P.E. 98 (August 1990): 761-82.
10. Fogel, Robert. "Economic Growth, Population Theory, and Physiology: The Bearing of Long-Term Processes on the Making of Economic Policy." A.E.R. 84 (June 1994): 369-95.
11. Geoffard, Pierre-Yves, and Philipson, Tomas. "Disease Eradication: Private versus Public Vaccination." A.E.R. 87 (March 1997): 222-30.
12. Graham, John D.; Chang, Bei-Hung; and Evans, John S. "Poorer Is Riskier." Risk Analysis 12 (September 1992): 333-37.
13. Green, Francis G. "The Effect of Occupational Pension Schemes on Saving in the United Kingdom: A Test of the Life Cycle Hypothesis." Econ. J. 91 (March 1981): 136-44.
14. Grossman, Michael. "On the Concept of Health Capital and the Demand for Health." J.P.E. 80 (March/April 1972): 223-55.
15. Hurd, Michael D. "Research on the Elderly: Economic Status, Retirement, and Consumption and Saving." J. Econ. Literature 28 (June 1990): 565-637.
16. Kashani, I. A., et al. "Body Weight and Mortality." J. American Medical Assoc. 271 (May 4, 1994): 1320-21.
17. Katona, George. Private Pensions and Individual Savings. Ann Arbor: Univ. Michigan, Inst. Soc. Res., Survey Res. Center, 1965.
18. King, Mervyn A., and Dicks-Mireaux, L.-D. L. "Asset Holdings and the Life-Cycle." Econ. J. 92 (June 1982): 247-67.
19. Kotlikoff, Laurence J. What Determines Savings? Cambridge, Mass.: MIT Press, 1989.
20. Lubitz, J.; Beebe, J.; and Baker, C. "Longevity and Medicare Expenditures." New England J. Medicine 332 (April 13, 1995): 999-1003.
21. Manton, Kenneth G.; Corder, Larry; and Stallard, Eric. "Chronic Disability Trends in Elderly United States Populations: 1982-1994." Prof. Nat. Acad. Sci. U.S. 94 (March 1997): 2593-98.
22. Peto, Richard, et al. "Mortality from Smoking Worldwide." British Medical Bull. 52 (January 1996): 12-21.
23. Posner, Richard A. Aging and Old Age. Chicago: Univ. Chicago Press, 1995.
24. Preston, Samuel H. "Causes and Consequences of Mortality Declines in Less Developed Countries during the Twentieth Century." In Population and Economic Change in Developing Countries, edited by Richard A. Easterlin. Chicago: Univ. Chicago Press (for NBER), 1980.
25. Pritchett Lant, and Summers, Lawrence H. "Wealthier Is Healthier." J. Human Resources 31 (Fall 1996): 841-68.
26. Rosen, Sherwin. "The Value of Changes in Life Expectancy." J. Risk and Uncertainty 1 (September 1988): 285-304.
27. _. "The Quantity and Quality of Life: A Conceptual Framework." In Valuing Health for Policy: An Economic Approach, edited by George Tolley, Donald Kenkel, and Robert Fabian. Chicago: Univ. Chicago Press, 1994.
28. Tengs, Tammy O., et al. "Five-Hundred Life-Saving Interventions and Their Cost-Effectiveness." Risk Analysis 15 (June 1995): 369-90.
29. U.S. Department of Commerce. Older Workers, Retirement, and Pensions. Washington: Bur. Census, Econ. and Staus. Admin., 1995.
30. U.S. House of Representatives. Committee on Ways and Means. 1995 Green Book: Overview of Entitlement Programs. Washington: Government Printing Office, 1995.
31. Virga, Michael R.. "Earn More, Live Longer - Variation in Mortality by Income Level." Society of Actuaries 28 (1996): 1-7.
32. Viscusi, W Kip. "The Value of Risks to Life and Health." J. Econ. Literature 31 (December 1993): 1912-46.
33. _. Fatal Tradeoffs: Public and Private Responsibilities for Risk. New York: Oxford Univ. Press, 1995.
34. World Bank. Investing in Health. World Bank Development Report. New York: Oxford Univ. Press, 1993.
35. Yaari, Menahem E. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer." Rev. Econ. Studies 32 (April 1965): 137-50.