Replication package for "Aggregate Lapsation Risk" by Koijen, Lee, and Van Nieuwerburgh

This replication package includes the necessary code and data to generate the Tables and Figures in the "Aggregate Lapsation Risk" paper by Koijen, Lee, and Van Nieuwerburgh, forthcoming in the Journal of Financial Economics. In compliance with the Data and Code Sharing Policy of the JFE, we provide pseudo data for the proprietary Firm Database and the licensed S&P Global Market Intelligence SNL data to ensure our codebase runs successfully.本复现套件包含复现Koijen、Lee与Van Nieuwerburgh合作撰写、即将刊发于《金融经济学杂志》（Journal of Financial Economics）的论文《总退保风险》（Aggregate Lapsation Risk）中所有表格与图表所需的代码与数据。为遵循《金融经济学杂志》（JFE）的数据与代码共享政策，我们针对专属企业数据库（proprietary Firm Database）及授权使用的标普全球市场情报SNL数据（S&P Global Market Intelligence SNL data）提供模拟数据，以确保代码库可顺利运行。