Mortality Risk, Insurance, and the Value of Life
---- Acknowledgments ----
We are grateful to Dan Bernhardt, Tatyana Deryugina, Don Fullerton, Sonia Jaffe, Nolan Miller, Alex Muermann, George Pennacchi, Mark Shepard, Dan Silverman, George Zanjani, and participants at the AEA/ARIA meeting, the NBER Insurance Program Meeting, the Risk Theory Society Annual Seminar, Temple University, the University of Chicago Applications Workshop, and the University of Wisconsin-Madison for helpful comments. We are also grateful to Bryan Tysinger for assistance with the Future Elderly Model. Bauer acknowledges financial support from the Society of Actuaries. Lakdawalla discloses that he is a consultant to Precision Health Economics (PHE) and an investor in its parent company, Precision Medicine Group. PHE provides research and consulting services to firms in the biopharmaceutical, medical device, and health insurance industries. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.