Joint Life Annuities and Annuity Demand by Married Couples
نویسندگان
چکیده
منابع مشابه
Ambiguous Life Expectancy and the Demand for Annuities
In this paper, ambiguity aversion to uncertain survival probabilities is introduced in a life-cycle model with a bequest motive to study the optimal demand for annuities. Provided that annuities return is sufficiently large, and notably when it is fair, positive annuitization is optimal in the ambiguity neutrality limit case. Conversely, the optimal strategy is to sell annuities in case of infi...
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چکیده ندارد.
15 صفحه اولAllocation of time and resources by married couples approaching retirement.
The work and retirement decisions of husbands and wives are likely to be made jointly as they allocate their available resources. This article models the allocation of family wealth and family members' time over the lifetime of the unit. The first section reports simulation results that illustrate the relationship between the value of members' time in both market work and the production of home...
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ژورنال
عنوان ژورنال: The Journal of Risk and Insurance
سال: 2000
ISSN: 0022-4367
DOI: 10.2307/253849