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Asset allocation, sustainable withdrawal, longevity risk and non-exponential discounting

Delong, Łukasz; Chen, An - In: Insurance / Mathematics & economics 71 (2016), pp. 342-352

Persistent link: https://www.econbiz.de/10011630868

The design of pension pay out options when the health status during retirement is uncertain

Kifmann, Mathias (contributor) - 2008

Persistent link: https://www.econbiz.de/10003635223

The design of pension pay out options when the health status during retirement is uncertain

Kifmann, Mathias - In: Journal of public economic theory 12 (2010) 1, pp. 127-149

Persistent link: https://www.econbiz.de/10003946600

The Design of Pension Pay Out Options When the Health Status During Retirement is Uncertain

Kifmann, Mathias - 2021

This paper examines the optimal design of pension plans when the health status during retirement is uncertain. Assuming that the health status affects both life expectancy and the marginal utility of consumption, choice between a lump-sum payment and an annuity can be welfare-enhancing if the...

Persistent link: https://www.econbiz.de/10013316589