Annuity Risk: Volatility and Inflation Exposure in Payments from Immediate Life Annuities
نویسندگان
چکیده
003 Some researchers have raised concerns about significant volatility in init l payments from fixed immediate life annuities and the subsequent inflation risk dur g the retirement period. This paper investigates these concerns using recent high frequency data. It finds that while there is significant volatility in initial payments from no inal fixed annuities, phased purchases of fixed annuities can reduce their volatility. It a t an i inf Se
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تاریخ انتشار 2002