Developments in Decumulation: The Role of Annuity Products in Financing Retirement
47 Pages Posted: 25 Oct 2001 Last revised: 30 Nov 2022
Date Written: October 2001
Abstract
Longer lifespans are generally seen as a positive outcome of economic growth. Yet life extension also means that more people face the risk of living too long -- that is, outliving their assets and means of support. A range of financial products exists currently or can be envisioned for the future that would be useful in helping to protect people against having to dramatically curtail consumption in old age. This paper reviews the usefulness of life annuities in providing protection against longevity risk.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
New Evidence on the Money's Worth of Individual Annuities
By Olivia S. Mitchell, James M. Poterba, ...
-
The Cost of Annuities: Implications for Saving Behavior and Bequests
-
Annuities and Individual Welfare
By Thomas Davidoff, Jeffrey R. Brown, ...
-
Annuities and Individual Welfare
By Thomas Davidoff, Jeffrey R. Brown, ...
-
The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program
By Jeffrey R. Brown, Olivia S. Mitchell, ...
-
Joint Life Annuities and Annuity Demand by Married Couples
By Jeffrey R. Brown and James M. Poterba
-
Private Pensions, Mortality Risk, and the Decision to Annuitize
-
Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues