Cappelletti, Giuseppe; Guazzarotti, Giovanni; … - In: The Geneva Papers on Risk and Insurance - Issues and … 38 (2013) 4, pp. 777-802
We study the determinants of the demand for annuities using survey data from Italy. Eliciting potential demand with an ad hoc question, we are able, contrary to most previous studies, to disentangle demand from supply-side effects. Our results highlight the do importance of wealth, impatience,...