expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and … for women invested in private annuity contracts …

This article surveys the literature on selection effects in retirement behavior. More specifically, we consider early … retirement schemes with actuarially fair adjustments based on average life expectancy. To this end, we recapitulate the … expectancy into retirement decisions. But other determinants of retirement choice turn out significant, too, e.g. health, changes …