The "money's worth" measure has been used to assess whether annuities are fairly valued and also as evidence for … may price annuities to reduce these risks which will affect the money's worth. We provide a simple model of the effect of …

separating equilibrium in which each agent obtains an actuarially fair insurance. If the individual health types are unobservable …

an individual's survival expectations and his planned retirement age is unclear in the existing literature. This study … survival and retirement expectations are “anchored” to the previous generation's experience and suggest how targeted efforts at … uses the Health and Retirement Study and an instrumental variables (IV) approach to examine how subjective life expectancy …

This paper identifies and estimates the impact of early retirement on the probability to die within five years, using … civil servants became eligible for retirement earlier than expected during a short time window. This exogenous policy change … is used to instrument the retirement choice in a model that explains the probability to die within five years. Exploiting …

mandatory contributions that are constant across health types. These social annuities are immune to adverse selection and … therefore offer a higher rate of return than private annuities do. However, they have a negative effect on the steady …

Both the impacts of financial incentives and health on transitions into retirement and inactivity by older workers have … incentives on the retirement behaviour of workers who experienced health shocks and those who remained in good health. Our … evidence suggests that the impact on retirement of forward-looking incentive measures such as the peak value is conditional on …

We provide an explanation for the common finding that the effect of retirement on life satisfaction is negligible. For …-Economic Panel (GSOEP) and show that the effect of voluntary retirement on satisfaction with current household income is negative … voluntary and involuntary retirement. The effect of involuntary retirement is negative because the adverse effect on …

and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We …