The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Appendix A contains the proof of Theorem 1 and discusses Remark 1. Appendix B provides proofs for the lower bound approach discussed in Section 4.1. Appendix C discusses the data, including details for the covariate specifications and the sample selection. Appendix D discusses the empirical specification for the lower bound estimator, presents the decomposition discussed in Section 6.3, and presents additional robustness checks referred to in Section 6.5. Section E provides details on the specification and estimation of the structural approach referred to throughout Section 7. Finally Section F presents a selection of pages from the LTC underwriting guidelines of Genworth Financial.
This zip file contains the replication files for the manuscript.
This zip file contains MATLAB code used to estimate and solve the model. The file also contains data that can be used to estimate the parameters, although the share and revenue data has been permuted in accordance with my agreement with the company providing the data.
This file contains 4 Appendices. Appendix A lists the variables in the state space, while Appendices B-D contain details of the methods used to estimate and solve the model.
This zip file contains replication files for the manuscript.
This appendix contains proofs omitted from the main text.
This zip file contains the replication files for the manuscript.
This supplement provides several extensions as well as simulations illustrating key properties of calibrated contracts. In particular, extensions show how to allow for time discounting, describe a broader class of high-liability contracts that can be successfully calibrated under limited liability, and explore contract performance when the agent isn't fully rational.
This file provides additional results and an overview of the data used in the paper.
This zip file contains the replication files for the manuscript.
This appendix contains additional figures not found within the manuscript.
A zip file containing replication files for the manuscript.
This appendix contains proofs omitted from the text.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
