haku: @indexterm SOCIAL WELFARE / yhteensä: 200
viite: 43 / 200
| Tekijä: | Brown, J. R. |
| Otsikko: | Private pensions, mortality risk, and the decision to annuitize |
| Lehti: | Journal of Public Economics
2001 : OCT, VOL. 82:1, p. 29-62 |
| Asiasana: | Social welfare Retirement Pensions Social security Population mortality |
| Kieli: | eng |
| Tiivistelmä: | This paper examines household decisions about whether or not to annuitize retirement resources. A life-cycle model of consumption, implemented with the use of dynamic programming techniques, is used to construct a utility-based measure of annuity value for individuals and couples in the Health and Retirement Survey. The author finds that a one-percentage point increase in the annuity wealth leads to nearly a one-percentage point in the ex ante probability of annuitizing balances in defined contribution pension plans. |
SCIMA