What makes annuitization more appealing?

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What Makes Annuitization More Appealing?

We conduct and analyze two large surveys of hypothetical annuitization choices. We find that allowing individuals to annuitize a fraction of their wealth increases annuitization relative to a situation where annuitization is an "all or nothing" decision. Very few respondents choose declining real payout streams over flat or increasing real payout streams of equivalent expected present value. Hi...

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ژورنال

عنوان ژورنال: Journal of Public Economics

سال: 2014

ISSN: 0047-2727

DOI: 10.1016/j.jpubeco.2013.05.007