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Volumn 4, Issue 2, 2007, Pages 82-91

Rare events and annuity market participation

Author keywords

Annuities; Portfolio choice; Rare events

Indexed keywords


EID: 34248522770     PISSN: 15446123     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.frl.2006.12.001     Document Type: Article
Times cited : (14)

References (15)
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    • American Council of Life Insurers, April 2003. Profile of Immediate Annuity Owners
  • 2
    • 34248556531 scopus 로고    scopus 로고
    • Association of British Insurers, 2004. The Pension Annuity Market: Consumer Perceptions
  • 3
    • 84934561701 scopus 로고
    • How strong are bequest motives? Evidence based on estimates of demand for life insurance and annuities
    • Bernheim B.D. How strong are bequest motives? Evidence based on estimates of demand for life insurance and annuities. Journal of Political Economy 99 (1991) 899-927
    • (1991) Journal of Political Economy , vol.99 , pp. 899-927
    • Bernheim, B.D.1
  • 4
    • 0007905531 scopus 로고    scopus 로고
    • The role of real annuities and indexed bonds in an individual accounts retirement program
    • Campbell J.Y., and Feldstein M. (Eds), University of Chicago Press, Chicago, IL
    • Brown J.R., Mitchell O.S., and Poterba J.M. The role of real annuities and indexed bonds in an individual accounts retirement program. In: Campbell J.Y., and Feldstein M. (Eds). Risk Aspects of Investment-Based Social Security Reform (2001), University of Chicago Press, Chicago, IL 321-360
    • (2001) Risk Aspects of Investment-Based Social Security Reform , pp. 321-360
    • Brown, J.R.1    Mitchell, O.S.2    Poterba, J.M.3
  • 5
    • 0038969196 scopus 로고    scopus 로고
    • Buffer stock saving and the life-cycle/permanent income hypothesis
    • Carroll C.D. Buffer stock saving and the life-cycle/permanent income hypothesis. Quarterly Journal of Economics 112 (1997) 3-55
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 3-55
    • Carroll, C.D.1
  • 7
    • 0000842941 scopus 로고
    • Substitution, risk aversion, and the temporal behavior of consumption and asset returns: A theoretical framework
    • Epstein L., and Zin S. Substitution, risk aversion, and the temporal behavior of consumption and asset returns: A theoretical framework. Econometrica 57 (1989) 937-969
    • (1989) Econometrica , vol.57 , pp. 937-969
    • Epstein, L.1    Zin, S.2
  • 8
    • 0036149983 scopus 로고    scopus 로고
    • Selection effects in the United Kingdom individual annuities market
    • Finkelstein A., and Poterba J. Selection effects in the United Kingdom individual annuities market. The Economic Journal 112 (2002) 28-42
    • (2002) The Economic Journal , vol.112 , pp. 28-42
    • Finkelstein, A.1    Poterba, J.2
  • 9
    • 1842864907 scopus 로고    scopus 로고
    • Adverse selection in insurance markets: Policyholder evidence from the U.K. annuity market
    • Finkelstein A., and Poterba J. Adverse selection in insurance markets: Policyholder evidence from the U.K. annuity market. Journal of Political Economy 112 (2004) 183-208
    • (2004) Journal of Political Economy , vol.112 , pp. 183-208
    • Finkelstein, A.1    Poterba, J.2
  • 10
    • 84963069350 scopus 로고
    • The cost of annuities: Implications for saving behavior and bequests
    • Friedman B., and Warshawsky M. The cost of annuities: Implications for saving behavior and bequests. Quarterly Journal of Economics 105 (1990) 135-154
    • (1990) Quarterly Journal of Economics , vol.105 , pp. 135-154
    • Friedman, B.1    Warshawsky, M.2
  • 11
    • 34248505102 scopus 로고    scopus 로고
    • Lopes, P., 2003. Are annuities value for money? Who can afford them? LSE FMG Discussion Paper 2003
  • 12
    • 34248519676 scopus 로고    scopus 로고
    • Milevsky, M.A., Young, V., 2002. Optimal asset allocation and the real option to delay annuitization: It's not now or never. Discussion Paper, Birbeck College, London, PI-0211
  • 14
    • 45549121696 scopus 로고
    • The equity risk premium: A solution
    • Rietz T. The equity risk premium: A solution. Journal of Monetary Economics 22 (1988) 117-131
    • (1988) Journal of Monetary Economics , vol.22 , pp. 117-131
    • Rietz, T.1
  • 15
    • 10444239779 scopus 로고
    • Uncertainty lifetime, life insurance and the theory of the consumer
    • Yaari M. Uncertainty lifetime, life insurance and the theory of the consumer. Review of Economics Studies 32 (1965) 137-150
    • (1965) Review of Economics Studies , vol.32 , pp. 137-150
    • Yaari, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.