Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning

Preprint OPEN
Jeffrey R. Brown;
  • Subject:
    • jel: jel:G11 | jel:H55 | jel:J14

This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so f... View more
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