How Do Retirees Value Life Annuities? Evidence from Public Employees
How Do Retirees Value Life Annuities? Evidence from Public Employees
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Publisher
Oxford: Oxford University Press
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Language
English
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Publisher
Oxford: Oxford University Press
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Scope and Contents
Contents
Because life annuities can increase the level and decrease the volatility of lifetime consumption, economists have long been puzzled by the low demand for life annuities. One potential rational explanation is that adverse selection drives up life annuity prices, which drives down demand. We study the choice between life annuities and lump sums made...
Alternative Titles
Full title
How Do Retirees Value Life Annuities? Evidence from Public Employees
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Record Identifier
TN_cdi_proquest_miscellaneous_1230587721
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1230587721
Other Identifiers
ISSN
0893-9454
E-ISSN
1465-7368
DOI
10.1093/rfs/hhs057
