What makes annuitization more appealing?
نویسندگان
چکیده
منابع مشابه
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