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How much do means-tested benefits reduce the demand for annuities?

Bütler, Monika; Peijnenburg, Kim; Staubli, Stefan - 2013

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

Persistent link: https://www.econbiz.de/10011345857

How much do means-tested benefits reduce the demand for annuities?

Bütler, Monika; Peijnenburg, Kim; Staubli, Stefan - In: Journal of pension economics and finance 16 (2017) 4, pp. 419-449

Persistent link: https://www.econbiz.de/10011840802

Optimization-Based Guidelines to Retirement Planning and Pension Product Design

Konicz Bell, Agnieszka K. - 2015

Persistent link: https://www.econbiz.de/10013027547

How Much Would It Take? Achieving Retirement Income Equivalency Between Final-Average-Pay Defined Benefit Plan Accruals and Automatic Enrollment 401(k) Plans in the Private Sector

VanDerhei, Jack - 2019

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 …

Persistent link: https://www.econbiz.de/10012891676

How Much Would It Take? Achieving Retirement Income Equivalency between Final-Average-Pay Defined Benefit Plan Accruals and Voluntary Enrollment 401(k) Plans in the Private Sector

VanDerhei, Jack - 2013

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 …

Persistent link: https://www.econbiz.de/10013071461

Reality Checks : A Comparative Analysis of Future Benefits from Private-Sector, Voluntary-Enrollment 401(k) Plans vs Stylized, Final-Average-Pay Defined Benefit and Cash Balance Plans

VanDerhei, Jack - 2013

as well as annuity purchase prices reflecting average bond rates over the last 27 years, the median pairwise comparisons … assumptions by 200 basis points and increasing the annuity purchase price to reflect today's bond rates, results show that in many …

Persistent link: https://www.econbiz.de/10013079791

Fixed and variable longevity annuities in defined contribution plans : optimal retirement portfolios taking social security into account

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023

This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...

Persistent link: https://www.econbiz.de/10013554899

Putting the pension back in 401(k) retirement plans : optimal versus default longevity income annuities

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2018

A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a default payout solution, yet little research has investigated whether more people should convert some of the $15 trillion they hold in employer-based defined contribution plans...

Persistent link: https://www.econbiz.de/10011932365

On a Generalization of the World Bank Model of Retirement Savings : A Taxonomy of Systems with Two Cross-Subsidized Tiers

Avanzi, Benjamin; Purcal, Sachi - 2012

types of guarantees on the first (mandated) tier --- investment returns and annuity prices --- leading to possible cross …, as well as obviate some of the investment risk and annuity price risk that retirees face. We formulate a quantitative …

Persistent link: https://www.econbiz.de/10014046263

How Much Do Means-Tested Benefits Reduce the Demand for Annuities?

Butler, Monika - 2011

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

Persistent link: https://www.econbiz.de/10013123011