Brunner, Johann K. (contributor); Pech, Susanne (contributor) - 2006
The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair … characterised by adverse selection, that is, contracts
offer lower than fair payoffs to individuals with low life expectancy ….
Keywords: optimum taxation, life annuities, adverse selection.
Johann K. Brunner
Department of Economics …