Life annuities provide a guaranteed income for the remainder of the recipi-ent’s lifetime, and therefore, annuitization presents an important option whenchoosing an adequate investment strategy for the retirement ages. While thereare numerous research articles studying annuities from a...

This paper reviews the stylized facts regarding the distribution of human capital investments and the returns to those investments in developing countries. It then examines recent evidence regarding which policies can induce increased human capital investments in the most efficient manner, using...