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Adverse selection in the annuity market with sequential and simultaneous insurance demand
Brunner, Johann K.; Pech, Susanne - 2002 - Revised Version
retirement and two types of individuals, who differ in their life expectancy. In order to introduce the existence of limited …-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …
Persistent link: https://www.econbiz.de/10009750235
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Adverse selection in the annuity market with sequential and simultaneous insurance demand
Brunner, Johann K.; Pech, Susanne - 2002
Persistent link: https://www.econbiz.de/10001698896
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Optimal Retirement with Unemployment Risks
Jang, Bong-Gyu - 2013
This paper investigates the optimal retirement of an individual in the presence of involuntary unemployment risks and … emphasized in recent studies. We also find that an individual with high leisure demand after retirement reduces consumption … during retirement and increases stockholdings as retirement time approaches …
Persistent link: https://www.econbiz.de/10013092537
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Habit Formation and Labor Supply
Cremer, Helmuth - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10012771200
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What Drives Risky Investments Lower at Retirement?
Khanapure, Revansiddha - 2013
-date retirement funds. I also show that sufficiently disappointment averse agents abstain from stocks after retirement, which is …
Persistent link: https://www.econbiz.de/10013090310
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What Drives Risky Investments Lower Around Retirement?
Khanapure, Revansiddha - 2013
disappointing outcomes. Unlike expected utility investors, DA investors drastically cut their allocation to stocks around retirement … and the allocation rules of target-date retirement funds. Sufficiently disappointment-averse agents abstain from investing … in stocks after retirement, which is consistent with the observed low rates of stock market participation among retirees …
Persistent link: https://www.econbiz.de/10013077914
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Adverse selection in the annuity market with sequential and simultaneous insurance demand
Brunner, Johann K.; Pech, Susanne - 2002
retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …
Persistent link: https://www.econbiz.de/10011541030
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Adverse selection in the annuity market with sequential and simultaneous insurance demand
Brunner, Johann K.; Pech, Susanne - 2002
retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …
Persistent link: https://www.econbiz.de/10001731756
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Forced saving, redistribution, and nonlinear social security schemes
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - In: Southern economic journal 76 (2009) 1, pp. 86-98
Persistent link: https://www.econbiz.de/10003880389
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Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets
Miles, David; Černý, Aleš - 2001
This paper uses stochastic simulations on calibrated models to assess the steady state impact of different pension arrangements in an environment where financial markets are less than perfect. Surprisingly little is known about the optimal split between funded and unfunded systems when there are...
Persistent link: https://www.econbiz.de/10011398101