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Are retirement savings sufficient to finance a good pension income? This highly uncertain and subjective dimension of … replacement rates are systematically higher than the American rates - the perceived savings adequacy is more or less the same … across Dutch and American workers. Moreover, individuals’ perceived savings adequacy was found to be influenced by the three …
Persistent link: https://www.econbiz.de/10011092199
We examine incomplete annuity menus and background risk as possible drivers of divergence from full annuitization. Contrary to what is often suggested in the literature, we find that full annuitization remains optimal if saving is possible after retirement. This holds irrespective of whether...
Persistent link: https://www.econbiz.de/10011090908
Persistent link: https://www.econbiz.de/10011091491
It is common practice for public pension schemes to offer individuals the option to delay benefit claiming until after the normal retirement age and adjust the annual benefit level as a result. This adjustment is often not actuarially neutral with respect to the age at which benefits are...
Persistent link: https://www.econbiz.de/10011091665
experience an increase in the dollarization of household deposits and a decrease in the dollarization of loans to households and …
Persistent link: https://www.econbiz.de/10011199227
Payments of life insurance products depend on the uncertain future evolution of survival probabilities. This uncertainty is referred to as longevity risk. Existing literature shows that the effect of longevity risk on single life annuities can be substantial, and that there exists a (natural)...
Persistent link: https://www.econbiz.de/10011091822
This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work...
Persistent link: https://www.econbiz.de/10011091468
We analyze the effect of health cost risk on optimal annuity demand and consumption/savings decisions. Many retirees …
Persistent link: https://www.econbiz.de/10011092924
Persistent link: https://www.econbiz.de/10011092634
In this paper we evaluate applications of (return based) style analysis.The portfolio and positivity constraints imposed by style analysis are useful in constructing mimicking portfolios without short positions.Such mimicking portfolios can be used, e.g., to construct efficient portfolios of...
Persistent link: https://www.econbiz.de/10011090409