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 …

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 …

This paper presents new evidence on how the annuitization decision is affected by changes in the annuity's value. We … pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity … of the cash-out decision to variations in a utility based measure for the annuity value is comparable to results of …

This paper presents new evidence on how the annuitization decision is affected by changes in the annuity’s value. We … pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity … of the cash-out decision to variations in a utility based measure for the annuity value is comparable to results of …

characteristics. The pension can either be withdrawn as a life annuity or during a fixed number of years with a minimum of five years …

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 …