This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their … annuities in DC accounts is welfare enhancing for all sex/education groups examined. We also show that providing access to well …-designed variable deferred annuities with some equity exposure further enhances retiree wellbeing, compared to having access only to …

likely to be substantial heterogeneity in the demand for longevity annuities across the retiree population, depending on …This paper examines how two instruments—annuities with lifelong benefits purchased using defined contribution (DC) plan … assets, and social security annuities—should be considered jointly to optimize household lifetime wellbeing. Understanding …

This paper investigates retirees’ optimal purchases of fixed and variable longevity income annuities using their … annuities in DC accounts is welfare enhancing for all sex/education groups examined. We also show that providing access to well …-designed variable deferred annuities with some equity exposure further enhances retiree wellbeing, compared to having access only to …

A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a … retirement security, enhancing welfare by up to 20% of retiree plan accruals. …

-save for retirement or to not purchase longevity insurance, which in turn could reduce wellbeing at older ages. We investigate … longevity insurance. In particular, longevity information influences both subjective survival probabilities and financial …Many people do not understand the concepts of life expectancy and longevity risk, potentially leading them to under …

This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both … exposure by writing both life insurance and annuities, and they may be used to determine a normal range for adverse selection … in international insurance markets …