Prior research suggests that neither the choice to own life insurance nor the amount purchased is consistently related to the presence of children in the household. While these perplexing findings are based on a static framework, we alternatively examine life insurance demand in a dynamic framework as a function of changes in household life cycle and financial condition.Our results indicate both a statistically and economically significant relation between life events, such as new parenthood, and the demand for life insurance. We also provide new evidence in support of the emergency fund hypothesis: households in which either spouse has become unemployed are more likely than other households to surrender their whole life insurance.

Thirty insurance, actuarial, finance, economics, and other journals are analyzed to yield varying measures of productivity for risk and insurance research for the period 1987 through 1996. Separate results are reported for individual authors, their employing institutions, and the institutions where they obtained their highest academic degrees. Results also are reported for many different journal samples. Pennsylvania ranked first for all measurement criteria used; others consistently among the top twenty-five rankings are Harvard,

Building code, Safety, Housing prices, Catastrophic risk, Hedonic pricing model,

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