scholarly journals Maximum Technical Interest Rates in Life Insurance in Europe and the United States: An Overview and Comparison

2012 ◽  
Vol 38 (2) ◽  
pp. 354-375 ◽  
Author(s):  
Martin Eling ◽  
Stefan Holder
Keyword(s):  
United States ◽  
Interest Rates ◽  
Life Insurance ◽  
The United States ◽  
Technical Interest

Inflation Inequality: Measurement, Causes, and Policy Implications

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Xavier Jaravel
Keyword(s):  
United States ◽  
Income Distribution ◽  
Interest Rates ◽  
Optimal Taxation ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
The United States ◽  
Policy Implications ◽  
Annual Review ◽  
Publication Date

Does inflation vary across the income distribution? This article reviews the growing literature on inflation inequality, describing recent advances and opportunities for further research in four areas. First, new price index theory facilitates the study of inflation inequality. Second, new data show that inflation rates decline with household income in the United States. Accurate measurement requires granular price and expenditure data because of aggregation bias. Third, new evidence quantifies the impacts of innovation and trade on inflation inequality. Contrary to common wisdom, empirical estimates show that the direction of innovation is a significant driver of inflation inequality in the United States, whereas trade has similar price effects across the income distribution. Fourth, inflation inequality and non-homotheticities have important policy implications. They transform cost-benefit analysis, optimal taxation, the effectiveness of stabilization policies, and our understanding of secular macroeconomic trends—including structural change, the decline in the labor share and interest rates, and labor market polarization. Expected final online publication date for the Annual Review of Economics, Volume 13 is August 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

The Pioneer in American Life Insurance Marketing

1938 ◽  
Vol 12 (5) ◽  
pp. 65-75
Author(s):  
J. Owen Stalson
Keyword(s):  
United States ◽  
Eighteenth Century ◽  
North America ◽  
Life Insurance ◽  
General Public ◽  
Colonial America ◽  
The United States ◽  
Insurance Companies ◽  
Insurance Company ◽  
Fire Insurance

Colonial America gave little thought to life insurance selling. The colonists secured protection against marine risks from private underwriters, first in London, eventually at home. It has been asserted that Philadelphia had no fire insurance until 1752; Boston none before 1795. The first corporations formed in this country for insuring lives were those of the Presbyterian Ministers Fund (1759) and a similar company organized for the benefit of Episcopal ministers (1769). Neither of these corporations offered insurance to the general public. In the last decade of the eighteenth century many insurance companies were formed in the United States. At least five were chartered to underwrite life risks, but only one, The Insurance Company of North America, appears to have accepted any. There is no basis for saying that any of these early companies tried to sell life insurance.

Global trends in population, energy use and climate: implications for policy development, rangeland management and rangeland users

2013 ◽  
Vol 35 (2) ◽  
pp. 117 ◽  
Author(s):  
Jerry L. Holechek
Keyword(s):  
United States ◽  
Natural Resources ◽  
Interest Rates ◽  
Fresh Water ◽  
Human Population ◽  
Agricultural Land ◽  
Land Development ◽  
The United States ◽  
Livestock Production ◽  
Production Costs

Increasing world human population, declining reserves of cheaply extracted fossil fuels, scarcity of supplies of fresh water and climatic instability will put tremendous pressure on world rangelands as the 21st century progresses. It is expected that the human population of the world will increase by 40% by 2050 but fossil fuel and reserves of fresh water will be drastically reduced. Avoiding food shortages and famine could be a major world challenge within the next 10 years. Under these conditions, major changes in policies relating to economic growth and use of natural resources seem essential. Stabilisation of the human population, development of clean and renewable energy, enhanced supplies of water and its quality, increased livestock production, and changed land-use policies, that minimise agricultural land losses to development and fragmentation, will all be needed to avoid declining living conditions at the global level. The health and productivity of rangelands will need to receive much more emphasis as they are a primary source of vital ecosystem services and products essential to human life. Changes in tax policies by developed, affluent countries, such as the United States, Australia and Canada, are needed that emphasise saving and conservation as opposed to excessive material consumption and land development. Extreme levels of debt and chronic deficits in trade by the United States and European Union countries need to be moderated to avoid a devastating collision of debt, depletion of natural resources, and environmental degradation. Over the next 10 years, livestock producers of the rangelands will benefit from a major increase in demand and prices for meat. Rapidly increasing demand for meat in China and other Asian countries is driving this trend. Rangeland managers, however, will also likely encounter greater climatic, financial, biological and political risks. Higher interest rates, higher production costs and higher annual variability in forage resources are major challenges that will confront rangeland managers in the years ahead. Under these conditions, a low risk approach to livestock production from rangelands is recommended that involves conservative stocking, use of highly adapted livestock, and application of behavioural knowledge of livestock to efficiently use forage resources.

تحليل الاثار المالية والنقدية لتزايد الدين العام الداخلي في الولايات المتحدة الامريكية للمدة 2002- 2018

2021 ◽  
Vol 2020 (67) ◽  
pp. 75-100
Author(s):  
مالك عبد الرحيم محمد ◽  
أ.د. ميثم العيبي إسماعيل
Keyword(s):  
United States ◽  
Interest Rates ◽  
Public Debt ◽  
United States Of America ◽  
Budget Deficit ◽  
Market Access ◽  
The United States ◽  
Public Expenditures ◽  
Continuous Increase ◽  
American Economy

The American economy suffers from a general budget deficit, mainly due to the high public expenditures, especially the military, as the United States of America occupies the first place in the world in the proportion of military spending, and the budget deficit is mainly financed through the sale of government securities, which led to an increase in the volume of public debt In the United States of America, which is a dangerous indicator, especially after interest payments on public debt exceeded the barrier of $ 500 billion for the year 2018, which pushes them to borrow again to finance these benefits, this cumulative and continuous increase in the size of public debt works to influence the economic variables Monetary and financial. The research aims to analyze the development of internal public debt in the United States of America and its most important causes, in addition to clarifying the mechanisms and methods used to alleviate the severity of the internal public debt without compromising the ability of the economy or the ability to repay previous debts to maintain investor confidence in the strength of the American economy. The research reached several results, the most prominent of which is that the large increase in the volume of the internal public debt and the consequent increase in the money supply did not negatively affect the monetary side of the economy as inflation rates did not reach high levels and international reserves increased, accompanied by a decrease in interest rates. While the research presented several recommendations, including the need to achieve financial discipline and market access to borrow at the lowest possible costs by issuing debt regularly, in addition to avoiding resorting to any special measures to increase the volume of public debt and adhere to the debt ceiling approved by the US Congress.

Investing for Growth and Security

2019 ◽  
pp. 193-206
Author(s):  
William G. Gale
Keyword(s):  
United States ◽  
Research And Development ◽  
Interest Rates ◽  
Federal Government ◽  
The United States ◽  
Federal Spending ◽  
President Obama ◽  
Transit Systems ◽  
Historical Levels

Besides its investment in people, the federal government makes critical investments in infrastructure and research and development. Because federal spending in these areas has fallen significantly in recent years and interest rates are low relative to historical levels, this chapter proposes sizable increases for both categories. The increases in infrastructure spending will provide the resources needed to restore and update aging roads, bridges, and public transit systems, while the increases in research and development will help the United States to explore cutting-edge technologies. Policymakers should also fund the military’s long-term plans through 2032, as outlined by President Obama, and let spending grow modestly afterward. That would allow for a continuing presence overseas. If a new war broke out, policymakers presumably would provide the additional temporary funds to ensure that America achieved its mission and emerged victorious.

scholarly journals Low interest rates and executive risk-taking incentives: Evidence from the United States

2020 ◽  
pp. 234094442092771
Author(s):  
Paula Castro ◽  
Maria T Tascon ◽  
Francisco J Castaño ◽  
Borja Amor-Tapia
Keyword(s):  
United States ◽  
Interest Rates ◽  
Risk Taking ◽  
The United States ◽  
Jel Classification ◽  
Short Term ◽  
Monetary Policies ◽  
Stock Return Volatility ◽  
Low Interest Rates ◽  
Institutional Shareholders

This article contributes to the literature by indicating how certain monetary policies impact the compensation incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility (Vega). We examine 1,293 firms in the United States between 2000 and 2016, and the results indicate that low interest rates increase the managers’ short-term risk-taking incentives and that those incentives contribute to the risk effectively taken by the firm. Our results are robust to the use of alternative monetary proxies and to the presence of passive versus active institutional shareholders. JEL CLASSIFICATION E41; E43; E51; M12; M52

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