the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

, individuals with low wealth find it unambiguously optimal to cash out, because the annuity income from pension wealth reduces the … the form of means-tested benefits. We analyze optimal annuity demand and consumption/savings decisions in a realistic life …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealthenhancing mortality credit, to the …

mandatory occupational pension plans choose an annuity. This paper will shed light on this extraordinary aspect. It revisits the …

annuity and a lump sum at retirement. Our analysis suggests the existence of an ?acquiescence bias?, meaning that a majority …'s worth of an annuity is considerably below the corresponding value of married men, are not more likely to choose the capital …

annuity and a lump sum at retirement. Our analysis suggests the existence of an 'acquiescence bias', meaning that a majority …’s worth of an annuity is considerably below the corresponding value of married men, are not more likely to choose the capital …