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    Academic Journals

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• COMPARATIVE AMBIGUITY AVERSION IN INTERTEMPORAL DECISIONS.

  Authors:Jianli Wang and Jingyuan LiFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20205,901 words Report 1480LThis article examines the effects of ambiguity aversion on intertemporal decisions when there is ambiguity about a future state. Compared to the existing literature, we allow for a three-way separation between...

• HEALTH INSURERS CLAIMS AND PREMIUMS UNDER THE AFFORDABLE CARE ACT: EVIDENCE ON THE EFFECTS OF BRIGHT LINE REGULATIONS.

  Authors:Sandra Renfro Callaghan, Elizabeth Plummer, and William F. WempeFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20208,481 words Report 1540LThe Affordable Care Act's medical loss ratio (MLR) provisions require that health insurers spend a minimum percentage of premiums on medical costs, thereby limiting administrative costs and profits. Analyses of annual...

• LIFE INSURANCE AND LIFE SETTLEMENTS: THE CASE FOR HEALTH-CONTINGENT CASH SURRENDER VALUES.

  Authors:Hanming Fang and Edward KungFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 202013,164 words Report 1510LWe investigate why life insurance policies in practice either do not have a cash surrender value (CSV), or have CSVs that are small and are not adjusted for health status. We show that including health-contingent CSVs in...

• INSURANCE FRAUD IN A ROTHSCHILD--STIGLITZ WORLD.

  Authors:M. Martin Boyer and Richard PeterFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20209,187 words Report 1600LIn this article, we model a competitive insurance market where policyholders privately have information about their probability of accident ex ante and know the state of the world ex post. We combine costly state...

• THE EFFECT OF WORKPLACE PENSIONS ON HOUSEHOLD SAVING: EVIDENCE FROM A NATURAL EXPERIMENT IN TAIWAN

  Author:Tzu-Ting YangFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20208,883 words Report 1600LPopulation aging causes financial imbalances in pay-as-you-go public pension programs. To remedy this problem, while ensuring the adequacy of retirement savings for employees, many countries complement or substitute...

• INSURANCE COVENANTS IN CORPORATE CREDIT AGREEMENTS.

  Author:Greg NiniFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20207,325 words Report 1590LIn a large sample of private credit agreements of publicly traded firms, nearly all agreements contain at least a boilerplate provision requiring the borrower to purchase insurance. In about 80 percent of the agreements,...

• ESTIMATING THE COST OF EQUITY CAPITAL FOR INSURANCE FIRMS WITH MULTIPERIOD ASSET PRICING MODELS.

  Authors:Alexander Barinov, Jianren Xu, and Steven W. PottierFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 202012,640 words Report 1710LPrevious research on insurer cost of equity (COE) focuses on single-period asset pricing models. In reality, however, investment and consumption decisions are made over multiple periods, exposing firms to time-varying...

• LOSSES (AND GAINS)FROM HEALTH REFORM FOR NON-MEDICAID UNINSUREDS.

  Authors:Mark Pauly, Adam Leive, and Scott HarringtonFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20208,909 words Report 1710LThis article examines how the Affordable Care Act (ACA) would change financial resources for and transfers to the previously uninsured if they were to purchase coverage in the ACA insurance exchanges (marketplaces) in...

• OPTIMAL CONSUMPTION AND INVESTMENT PROBLEM INCORPORATING HOUSING AND LIFE INSURANCE DECISIONS: THE CONTINUOUS TIME CASE.

  Authors:Ko-Lun Kung and Shang-Yin YangFrom:Journal of Risk and Insurance (Vol. 87, Issue 1) Peer-Reviewed

  Mar. 20209,300 words Report 1430LThis study considers the optimal consumption-investment-insurance problem incorporating housing decisions of a household when interest rates and labor income are stochastic. Under the complete market assumption, we...