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This chapter documents the substantial decline in traditional sources of longevity insurance, and shows that published statistics on the individual annuity market greatly overstate its size and growth. It considers whether the decline in annuitization rates is cause for concern. It then...
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Longevity insurance benefits are deferred annuities that start payment at an advanced age at which a substantial proportion of the birth cohort has died. In high-income countries, that would mean that these annuities would start for people in their early 80s, but when social security programs...
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Retirement income security refers to the ability of households to provide an adequate stream of income during the … period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non … that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty …
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Disability, work and retirement -- New age thinking: alternative ways of measuring age, their relationship to labor … status and transitions during the pre-retirement years: learning from international differences / Arie Kapteyn, James P … -- Retirement saving -- The rise of 401(k) plans, lifetime earnings, and wealth at retirement / James M. Poterba, Steven F. Venti …
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