annuity and a lump sum at retirement. Our analysis suggests the existence of an 'acquiescence bias', meaning that a majority …’s worth of an annuity is considerably below the corresponding value of married men, are not more likely to choose the capital …

This paper presents new evidence on how the annuitization decision is affected by changes in the annuity's value. We … pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity … of the cash-out decision to variations in a utility based measure for the annuity value is comparable to results of …

2023. Women are much more likely to select a member-only annuity while a larger proportion of men select a J&S annuity that …, older ages at retirement, and more years of service are associated with a greater probability of choosing a J&S annuity. We … receiving an annuity from their primary plan …

model target retirement fund examined in the paper, the defined contribution participant makes deferred life annuity … someone who stays with a traditional TDF until retirement and then buys an immediate life annuity. We examine 1,000 possible … buying a retirement annuity in advance (by accumulating deferred life annuities) is superior to sticking with a Target Date …