the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

, individuals with low wealth find it unambiguously optimal to cash out, because the annuity income from pension wealth reduces the … the form of means-tested benefits. We analyze optimal annuity demand and consumption/savings decisions in a realistic life …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealthenhancing mortality credit, to the …

mandatory occupational pension plans choose an annuity. This paper will shed light on this extraordinary aspect. It revisits the …

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 …

variety of assumptions, both market returns and annuity purchase prices, and should provide a much-needed reference point for … investment returns fall and annuity prices go up, to between 0.6-1.6 percent per year. The PDF for the above title, published in …

well as annuity purchase prices reflecting average bond rates over the period from 1986 to 2013, the analysis shows that … current annuity purchase prices, results show that in many cases the AE 401(k) plans lose their comparative advantage to the …