in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would …

in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would …

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity … complexity, we provide the first causal evidence that increasing the complexity of the annuity choice reduces respondents …' ability to value the annuity, measured by the difference between the sell and buy values people assign to the annuity. We also …

This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity … complexity, we provide the first causal evidence that increasing the complexity of the annuity choice reduces respondents …' ability to value the annuity, measured by the difference between the sell and buy values people assign to the annuity. We also …

delays if, by delaying benefits, people received a lump sum instead of an annuity. We predict that current early claimers …