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Jeffrey Robert Brown

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Jeffrey Brown & Stephen G. Dimmock & Jun-Koo Kang & Scott Weisbenner, 2010. "How University Endowments Respond to Financial Market Shocks: Evidence and Implications," NBER Working Papers 15861, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. University endowment shocks and resource allocation
      by Economic Logician in Economic Logic on 2010-05-05 19:00:00
  2. Jeffrey R. Brown, 2000. "Differential Mortality and the Value of Individual Account Retirement Annuities," NBER Working Papers 7560, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Las consecuencias económicas de la muerte
      by Josep Pijoan-Mas in Nada Es Gratis on 2010-10-12 21:53:19
  3. Jeffrey R. Brown, 2007. "Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning," NBER Working Papers 13537, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Why are retirees not buying annuities?
      by Economic Logician in Economic Logic on 2008-08-05 20:14:00
  4. Jeffrey R. Brown, 2008. "Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 177-198, Winter.

    Mentioned in:

    1. Insuring America’s Pensions: A Troubled Portrait of the Pension Benefit Guaranty Corporation
      by Katharine Lusk in Journalist's Resource on 2011-03-01 03:54:10
  5. Jeffrey R. Brown & Jeffrey R. Kling & Sendhil Mullainathan & Marian V. Wrobel, 2008. "Why Don't People Insure Late Life Consumption: A Framing Explanation of the Under-Annuitization Puzzle," NBER Working Papers 13748, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Why are retirees not buying annuities?
      by Economic Logician in Economic Logic on 2008-08-05 20:14:00

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Jeffrey R. Brown & Amy Finkelstein, 2008. "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market," American Economic Review, American Economic Association, vol. 98(3), pages 1083-1102, June.

    Mentioned in:

    1. The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market (AER 2008) in ReplicationWiki ()

Working papers

  1. Jeffrey R. Brown & James M. Poterba & David P. Richardson, 2022. "Trends in Retirement and Retirement Income Choices by TIAA Participants: 2000–2018," NBER Working Papers 29946, National Bureau of Economic Research, Inc.

    Cited by:

    1. Chrostek, Paweł & Karbownik, Krzysztof & Myck, Michal, 2024. "Labor Market Externalities of Pre-retirement Employment Protection," IZA Discussion Papers 16934, IZA Network @ LISER.

  2. Brown, Jeffrey R. & Kapteyn, Arie & Luttmer, Erzo F.P. & Mitchell, Olivia S. & Samek, Anya, 2019. "Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing," IZA Discussion Papers 12263, IZA Network @ LISER.

    Cited by:

    1. Bucher-Koenen, Tabea & Knebel, Caroline & Weber, Martin, 2023. "Do individuals accept fluctuations in pension income?," ZEW Discussion Papers 23-019, ZEW - Leibniz Centre for European Economic Research.
    2. Lu, Kelin, 2022. "Overreaction to capital taxation in saving decisions," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    3. Glenzer, Franca & Michaud, Pierre-Carl & Staubli, Stefan, 2025. "Frames, incentives, and education: Effectiveness of interventions to delay public pension claiming," Journal of Public Economics, Elsevier, vol. 248(C).
    4. Jacobsen, Grant D. & Stewart, James I., 2022. "How do consumers respond to price complexity? Experimental evidence from the power sector," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    5. Shang Wu & Hazel Bateman & Ralph Stevens & Susan Thorp, 2022. "Flexible insurance for long‐term care: A study of stated preferences," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 823-858, September.
    6. Rauh, Joshua D. & Stefanescu, Irina & Zeldes, Stephen P., 2020. "Cost saving and the freezing of corporate pension plans," Journal of Public Economics, Elsevier, vol. 188(C).
    7. Conrado Cuevas & Dan Bernhardt & Mario Sanclemente, 2023. "Followers of the pied piper of pensioners," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1517-1550, November.
    8. Hagen, Johannes & Hallberg, Daniel & Sjögren Lindquist, Gabriella, 2021. "A Nudge to Quit? The Effect of a Change in Pension Information on Annuitization, Labour Supply, and Retirement Choices Among Older Workers," GLO Discussion Paper Series 209 [pre.], Global Labor Organization (GLO).
    9. Mugerman, Yevgeny & Rooz (Stern), Ruth, 2025. "Exploring the impact of identity fusion on managerial decision-making in eponymous firms," Journal of Behavioral and Experimental Finance, Elsevier, vol. 47(C).
    10. Gönül Doğan & Kenan Kalayci & Priscilla Man, 2024. "Pyramid Schemes," Discussion Papers Series 667, School of Economics, University of Queensland, Australia.
    11. Fuchsman, Dillon & McGee, Josh B. & Zamarro, Gema, 2023. "Teachers’ willingness to pay for retirement benefits: A national stated preferences experiment," Economics of Education Review, Elsevier, vol. 92(C).
    12. Atta Mills, Ebenezer Fiifi Emire & Anyomi, Siegfried Kafui & Koumba, Ur & Zhong, Zhuoqing & Liao, Yuexin, 2024. "Optimal allocation for stock market-excluded retirees: Effects of interest rates, longevity risk, and upfront fees," Finance Research Letters, Elsevier, vol. 70(C).
    13. Alonso-García, Jennifer & Bateman, Hazel & Bonekamp, Johan & van Soest, Arthur & Stevens, Ralph, 2022. "Saving preferences after retirement," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 409-433.
    14. Hazel Bateman & Inka Eberhardt, 2024. "How Fact Sheets affect retirement income product knowledge, perceptions and choices," Australian Journal of Management, Australian School of Business, vol. 49(2), pages 119-141, May.
    15. Rory McGee, 2023. "Adverse selection among early adopters and unraveling innovation," IFS Working Papers W23/40, Institute for Fiscal Studies.
    16. Duk Gyoo Kim & In Do Hwang, 2026. "Demand for Home Pension and Reverse Mortgage: An Information Provision Survey Experiment," CESifo Working Paper Series 12477, CESifo.
    17. David Gallusser & Matthias Krapf, 2022. "Joint Income-Wealth Inequality: Evidence from Lucerne Tax Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 251-295, August.
    18. Delis, Manthos & Galariotis, Emilios & Monne, Jerome, 2021. "Financial vulnerability and seeking expert advice: Evidence from a survey experiment," MPRA Paper 107095, University Library of Munich, Germany.
    19. Bingzheng Chen & Peiyun Deng & Xiaodong Fan, 2022. "Effect of compulsory education on retirement financial outcomes: evidence from China," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(4), pages 958-989, October.
    20. Manuel Ventura-Marco & Carlos Vidal-Meliá & Juan Manuel Pérez-Salamero González, 2022. "Life care annuities to help couples cope with the cost of long-term care," Documentos de Trabajo del ICAE 2022-03, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    21. Ralph Stevens & Jennifer Alonso Garcia & Hazel Bateman & Arthur van Soest & Johan Bonekamp, 2022. "Saving preferences after retirement," ULB Institutional Repository 2013/342267, ULB -- Universite Libre de Bruxelles.
    22. Armantier, Olivier & Foncel, Jérôme & Treich, Nicolas, 2023. "Insurance and portfolio decisions: Two sides of the same coin?," Journal of Financial Economics, Elsevier, vol. 148(3), pages 201-219.
    23. Pierre-Carl Michaud & Pascal St. Amour, 2023. "Longevity, Health and Housing Risks Management in Retirement," NBER Working Papers 31038, National Bureau of Economic Research, Inc.
    24. Roy McGee, 2023. "Adverse Selection Among Early Adopters and Unraveling Innovation," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 2022302, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    25. Anya Samek & Arie Kapteyn & Andre Gray, 2019. "Using Vignettes to Improve Understanding of Social Security and Annuities," NBER Working Papers 26176, National Bureau of Economic Research, Inc.
    26. Horneff, Vanya & Maurer, Raimond & Mitchell, Olivia S., 2026. "Defaulting 401(k) assets into payout annuities for "pretty good" lifetime incomes," SAFE Working Paper Series 484, Leibniz Institute for Financial Research SAFE.
    27. Guo, Jing & He, Xue Dong, 2021. "A new preference model that allows for narrow framing," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    28. de Bruin, Boudewijn & Cherednychenko, Olha & Hermes, Niels & Kramer, Marc & Meyer, Marco, 2024. "Demand for financial advice: Evidence from a randomized choice experiment," Journal of Banking & Finance, Elsevier, vol. 163(C).
    29. Mitchell, Olivia S. & Sade, Orly & Hurwitz, Abigail, 2022. "Testing methods to enhance longevity awareness," SAFE Working Paper Series 375, Leibniz Institute for Financial Research SAFE.
    30. Rik Dillingh & Maria Zumbuehl, 2021. "Pension Payout Preferences," CPB Discussion Paper 431, CPB Netherlands Bureau for Economic Policy Analysis.
    31. Kirschenmann, Karolin & Knebel-Seitz, Caroline, 2025. "To release or not to release? Preferences for home equity products in retirement," ZEW Discussion Papers 25-069, ZEW - Leibniz Centre for European Economic Research.
    32. Delis, Manthos & Galariotis, Emilios & Monne, Jerome, 2021. "Economic condition and financial cognition," Journal of Banking & Finance, Elsevier, vol. 123(C).
    33. Bonekamp, Johan & van Soest, Arthur, 2022. "Evidence of behavioural life-cycle features in spending patterns after retirement," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    34. Nawal Abdalla Adam, 2024. "Perceived Risk and External Finance Usage in Small- and Medium-Sized Enterprises: Unveiling the Moderating Influence of Business Age," JRFM, MDPI, vol. 17(4), pages 1-16, April.
    35. Ventura-Marco, Manuel & Vidal-Meliá, Carlos & Pérez-Salamero González, Juan Manuel, 2023. "Joint life care annuities to help retired couples to finance the cost of long-term care," Insurance: Mathematics and Economics, Elsevier, vol. 113(C), pages 122-139.

  3. Jeffrey R. Brown & Jiekun Huang, 2017. "All the President’s Friends: Political Access and Firm Value," NBER Working Papers 23356, National Bureau of Economic Research, Inc.

    Cited by:

    1. Weibing Li & Yongwen Yang, 2024. "The effect of environmental centralisation on productivity: Evidence from an administrative reform in China," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(2), pages 824-851, March.
    2. Benjamin Koch & Simon Luechinger & Christoph Moser, 2024. "Prediction Markets, the True Value of the Revolving Door and the US Cabinet," CESifo Working Paper Series 11557, CESifo.
    3. Ellen Jin Jiang & Xiao Jia, 2025. "Judicial independence and earnings management," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1811-1836, June.
    4. Zhong, Ma & Niu, Zhuangzhuang & Zhu, Yunfu & Li, Ruiqian, 2025. "Government green subsidies and corporate ESG greenwashing: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 1321-1346.
    5. Andre Diegmann & Laura Pohlan & Andrea Weber, 2025. "Do Politicians Affect Firm Outcomes? Evidence from Connections to the German Federal Parliament," RFBerlin Discussion Paper Series 2506, ROCKWOOL Foundation Berlin (RFBerlin).
    6. Cegłowski, Bartłomiej & Jackowicz, Krzysztof & Kozłowski, Łukasz & Kuchciak, Iwa, 2025. "Banks, freedom, and political connections: New evidence from around the world," Journal of Financial Stability, Elsevier, vol. 76(C).
    7. Agoraki, Maria-Eleni K. & Gounopoulos, Dimitrios & Kouretas, Georgios P., 2022. "U.S. banks’ IPOs and political money contributions," Journal of Financial Stability, Elsevier, vol. 63(C).
    8. Finer, David Andrew, 2018. "What Insights Do Taxi Rides Offer into Federal Reserve Leakage?," Working Papers 273, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    9. Saibal Ghosh, 2023. "Political connections and bank behaviour," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 52(1), February.
    10. François Belot & Timothée Waxin, 2025. "Government awards to CEOs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 52(1), pages 472-510, February.
    11. Xiaoyue Yu & Su Yu & Fulong Xiao & Zhuquan Wang, 2024. "Government procurement and zombie firms' productivity: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(5), pages 4675-4700, December.
    12. Saibal Ghosh, 2022. "Financing obstacles for SMEs: the role of politics," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 329-340, December.
    13. Iftekhar Hasan & Haekwon Lee & Buhui Qiu & Anthony Saunders, 2026. "Climate-related disclosure commitment of the lenders, credit rationing, and borrower environmental performance," Review of Accounting Studies, Springer, vol. 31(1), pages 74-117, March.
    14. Child, Travers Barclay & Massoud, Nadia & Schabus, Mario & Zhou, Yifan, 2021. "Surprise election for Trump connections," Journal of Financial Economics, Elsevier, vol. 140(2), pages 676-697.
    15. Amanda Heitz & Youan Wang & Zigan Wang, 2023. "Corporate Political Connections and Favorable Environmental Regulatory Enforcement," Management Science, INFORMS, vol. 69(12), pages 7838-7859, December.
    16. Ağca, Şenay & Togan-Eğrican, Aslı, 2024. "Managerial activism," Journal of Corporate Finance, Elsevier, vol. 86(C).
    17. Gounopoulos, Dimitrios & Mazouz, Khelifa & Wood, Geoffrey, 2021. "The consequences of political donations for IPO premium and performance," Journal of Corporate Finance, Elsevier, vol. 67(C).
    18. Adomako, Samuel & Abdelgawad, Sondos G. & Ahsan, Mujtaba & Amankwah-Amoah, Joseph & Azaaviele Liedong, Tahiru, 2023. "Nonmarket strategy in emerging markets: The link between SMEs’ corporate political activity, corporate social responsibility, and firm competitiveness," Journal of Business Research, Elsevier, vol. 160(C).
    19. Wang, Zhe & Liu, Xuexin & Kong, Xiaoxu & Zhou, Jiezheng, 2025. "Corporate political connection, rent seeking and government procurement order," International Review of Economics & Finance, Elsevier, vol. 103(C).
    20. Badinger, Harald & Nitsch, Volker, 2019. "What Do Central Bankers Do? Evidence from the European Central Bank's Executive Board," Department of Economics Working Paper Series 277, WU Vienna University of Economics and Business.
    21. Chen, Yutong & Chiplunkar, Gaurav & Sekhri, Sheetal & Sen, Anirban & Seth, Aaditeshwar, 2025. "How do political connections of firms matter during an economic crisis?," Journal of Development Economics, Elsevier, vol. 175(C).
    22. Asei ITO & Jaehwan LIM & Hongyong ZHANG, 2023. "Political Visits and Firm Value: Evidence from central leaders’ local tours in China," Discussion papers 23050, Research Institute of Economy, Trade and Industry (RIETI).
    23. Schweizer, Denis & Wang, Xinjie & Wu, Ge & Zhang, Aoran, 2025. "Political connections and media bias: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 94(C).
    24. Vincent Tawiah & Abdulrasheed Zakari & Yan Wang, 2022. "Partisan political connections, ethnic tribalism, and firm performance," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1331-1362, May.
    25. Jianfu Shen & Irina Y. Yu & Kwok Yuen Fan & Morgan X. Yang & Eddie C. M. Hui, 2026. "Lobbying and Green Transition in Fossil Fuel Sector," Business Strategy and the Environment, Wiley Blackwell, vol. 35(5), pages 6479-6503, July.
    26. Ms. Deniz O Igan & Thomas Lambert, 2019. "Bank Lobbying: Regulatory Capture and Beyond," IMF Working Papers 2019/171, International Monetary Fund.
    27. Wagner, Alexander F. & Zeckhauser, Richard J. & Ziegler, Alexandre, 2018. "Company stock price reactions to the 2016 election shock: Trump, taxes, and trade," Journal of Financial Economics, Elsevier, vol. 130(2), pages 428-451.
    28. Zingales, Luigi, 2017. "Towards a Political Theory of the Firm," CEPR Discussion Papers 12158, Centre for Economic Policy Research.
    29. Koch, Dennis & Schiereck, Dirk, 2025. "How CEO donations drive stock prices: Evidence from the Trump 2024 election," Finance Research Letters, Elsevier, vol. 82(C).
    30. Chen, Honghui & Kumar, Alok & Lu, Yan & Singh, Ajai, 2022. "Do Hedge Fund Managers Understand Politics? Political Sensitivity and Investment Skill," Journal of Banking & Finance, Elsevier, vol. 135(C).
    31. Yin, Libo & Su, Zhi & Fang, Tong, 2022. "Do stock prices react to announcements of corporate executives’ first-time elections as congress deputies? New evidence from the Chinese political system," Finance Research Letters, Elsevier, vol. 46(PB).
    32. Ramos Maqueda,Manuel & Chen,Daniel Li, 2021. "The Role of Justice in Development : The Data Revolution," Policy Research Working Paper Series 9720, The World Bank.
    33. Shang, Longfei & Lin, Ji-Chai & Saffar, Walid, 2021. "Does economic policy uncertainty drive the initiation of corporate lobbying?," Journal of Corporate Finance, Elsevier, vol. 70(C).
    34. Olimpia Cutinelli Rendina, 2023. "Lobbying or Innovation: Who Does What Against Foreign Competition," Working Papers halshs-03970033, HAL.
    35. Stéphane Benveniste & Renaud Coulomb & Marc Sangnier, 2022. "The (Market) Value of State Honors," Working Papers halshs-03558566, HAL.
    36. François Belot & Timothee Waxin, 2025. "Government awards to CEOs," Post-Print hal-04659614, HAL.
    37. Pascal Böni & Tim A. Kroencke & Florin P. Vasvari, 2025. "The UBS‐Credit Suisse Merger: Helvetia's Gift," Journal of Applied Corporate Finance, Morgan Stanley, vol. 37(2), pages 104-121, March.
    38. Fuchs, Andreas & Leue, Sebastian & Rose, Andrew, 2025. "Is Davos more than a boondoggle?," Kiel Working Papers 2288, Kiel Institute for the World Economy.
    39. Hossain, Ashrafee Tanvir & Kryzanowski, Lawrence, 2021. "Political corruption and Corporate Social Responsibility (CSR)," Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
    40. Bijoy Chandra Das & Fakhrul Hasan & Soma Rani Sutradhar & Muhanned Ali Obeidat, 2026. "The effect of inflation and the failure of Silicon Valley bank on shareholder wealth," Review of Financial Economics, John Wiley & Sons, vol. 44(2), April.
    41. Kong, Dongmin & Zhao, Zhao, 2024. "Political investing of mutual funds," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    42. Boultzis, Ilias, 2025. "Preying on the young: Intergenerational conflict, rent seeking and growth," European Economic Review, Elsevier, vol. 173(C).
    43. Chen, Shuo & Yan, Xun & Yang, Bo, 2020. "Move to success? Headquarters relocation, political favoritism, and corporate performance," Journal of Corporate Finance, Elsevier, vol. 64(C).
    44. Cai, Qingfeng & Li, Dongxu & Liu, Hao, 2025. "Gender minority: A non-pecuniary approach to political capital," Journal of Comparative Economics, Elsevier, vol. 53(3), pages 834-855.
    45. Biguri, Kizkitza & Stahl, Jörg R., 2020. "Who Pays a Visit to Brussels? The Firm Value of Cross-Border Political Access to European Commissioners," LawFin Working Paper Series 9, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    46. Po‐Hsuan Hsu & Kai Li & Chi‐Yang Tsou, 2023. "The Pollution Premium," Journal of Finance, American Finance Association, vol. 78(3), pages 1343-1392, June.
    47. Park, SeHyun, 2023. "Profitability of politically corrupt firms: Evidence from Romania," Emerging Markets Review, Elsevier, vol. 54(C).
    48. Siyi He & Qinglu Jin & Yipin Yu, 2025. "Will Local Analysts Cater to Government Needs in Earnings Forecasts? Evidence from Financial Misconduct in Chinese State-Owned Enterprises," Journal of Business Ethics, Springer, vol. 201(3), pages 663-687, October.
    49. Francis, Bill B. & Hasan, Iftekhar & Zhu, Yun, 2021. "The impact of political uncertainty on institutional ownership," Journal of Financial Stability, Elsevier, vol. 57(C).
    50. Berger, Allen N. & Karakaplan, Mustafa U. & Roman, Raluca A., 2023. "Whose bailout is it anyway? The roles of politics in PPP bailouts of small businesses vs. banks," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    51. Hutschenreiter, Dennis & Liu, Qianshuo, 2026. "Common ownership and CEO social ties across portfolio firms," IWH Discussion Papers 9/2026, Halle Institute for Economic Research (IWH).
    52. Zingales, Luigi, 2017. "Towards a Political Theory of the Firm," Working Papers 265, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    53. Dongmin Kong & Lu Shi, 2023. "Financial constraints and political catering disclosures of non‐state‐owned firms: Evidence from textual analysis," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 4533-4563, December.
    54. Chu, Pengfei & Hou, Xiaojuan & Xie, Guanxia, 2025. "Political connections and bias in ESG news," Journal of Asian Economics, Elsevier, vol. 97(C).
    55. Carboni, Marika & Fiordelisi, Franco & Trinugroho, Irwan, 2023. "Do investors like political connections?," Economics Letters, Elsevier, vol. 222(C).
    56. Brodmann, Jennifer & Unsal, Omer & Hassan, M. Kabir, 2019. "Political lobbying, insider trading, and CEO compensation," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 548-565.
    57. Ilona Babenko & Viktar Fedaseyeu & Song Zhang, 2023. "Executives in Politics," Management Science, INFORMS, vol. 69(10), pages 6251-6270, October.
    58. Jiao, Anqi & Lu, Juntai, 2024. "Buffing firm innovation by lobbying," Journal of Corporate Finance, Elsevier, vol. 85(C).
    59. Ge, Erqi, 2025. "Political speeches and stock market performance: Evidence from China," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
    60. Sohanur Rahman & Elisabeth Sinnewe & Larelle Chapple & Sarah Osborne, 2024. "Environment‐specific political risk mitigation: Political lobbying versus green innovation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(5-6), pages 911-942, May.
    61. Alhashel, Bader S., 2020. "Hail to the chief: The effect of political alignment with the presidency on corporate investment," Research in International Business and Finance, Elsevier, vol. 54(C).
    62. Etienne Redor & Magnus Blomkvist, 2022. "Are former military personnel valuable to shareholders? Evidence from boards of directors," Economics Bulletin, AccessEcon, vol. 42(3), pages 1314-1330.
    63. Meng, Yun & Pantzalis, Christos & Park, Jung Chul, 2023. "Why corporate political geography matters for stock returns," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 71-96.
    64. Wang, Yizhong & Yao, Chengxue & Kang, Di, 2019. "Political connections and firm performance: Evidence from government officials' site visits," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    65. Dev R. Mishra, 2023. "Firm‐level political risk and implied cost of equity capital," International Review of Finance, International Review of Finance Ltd., vol. 23(3), pages 615-644, September.
    66. Xiaofeng Quan & Narisa Tianjing Dai & Chenhao Guo, 2025. "Political corruption and cost stickiness: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1236-1274, June.
    67. Chen, Zilin & Da, Zhi & Huang, Dashan & Wang, Liyao, 2023. "Presidential economic approval rating and the cross-section of stock returns," Journal of Financial Economics, Elsevier, vol. 147(1), pages 106-131.
    68. Fisher, Adlai & Knesl, Jiří & Lee, Ryan C.Y., 2025. "How valuable is corporate adaptation to crisis? Estimates from Covid-19 work-from-home announcements," Journal of Financial Economics, Elsevier, vol. 174(C).
    69. Jeon, Chunmi & Han, Seung Hun & Kim, Hyeong Joon & Kim, Sangsoo, 2022. "The effect of government 5G policies on telecommunication operators’ firm value: Evidence from China," Telecommunications Policy, Elsevier, vol. 46(2).

  4. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia S. Mitchell & Anya Samek, 2017. "Behavioral Impediments to Valuing Annuities: Evidence on the Effects of Complexity and Choice Bracketing," NBER Working Papers 24101, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alexis Direr & Rim Ennajar-Sayadi, 2019. "How price-elastic is the demand for retirement saving?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(1), pages 102-122, January.
    2. David Gallusser & Matthias Krapf, 2019. "Joint Income-Wealth Inequality: An Application Using Administrative Tax Data," CESifo Working Paper Series 7876, CESifo.
    3. Hazel Bateman & Ralph Stevens & Jennifer Alonso Garcia & Eduard Ponds, 2018. "Learning to Value Annuities: The Role of Information and Engagement," ULB Institutional Repository 2013/300030, ULB -- Universite Libre de Bruxelles.
    4. Hurwitz, Abigail & Sade, Orly & Winter, Eyal, 2020. "Unintended consequences of minimum annuity laws: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 169(C), pages 208-222.
    5. Lambregts, Timo R. & Schut, Frederik T., 2020. "Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).

  5. Jeffrey R. Brown & Richard F. Dye, 2015. "Illinois Pensions in a Fiscal Context: A (Basket) Case Study," NBER Working Papers 21293, National Bureau of Economic Research, Inc.

    Cited by:

    1. Christian Dippel, 2019. "Political Parties Do Matter in U.S. Cities ... For Their Unfunded Pensions," NBER Working Papers 25601, National Bureau of Economic Research, Inc.

  6. Jeffrey R. Brown & George G. Pennacchi, 2015. "Discounting Pension Liabilities: Funding versus Value," NBER Working Papers 21276, National Bureau of Economic Research, Inc.

    Cited by:

    1. Andrew G. Biggs, 2015. "The state of public pension funding: Are government employee plans back on track?," AEI Economic Perspectives, American Enterprise Institute, September.
    2. Lanying Sun & Changhao Su & Xinghui Xian, 2020. "Assessing the Sustainability of China’s Basic Pension Funding for Urban and Rural Residents," Sustainability, MDPI, vol. 12(7), pages 1-17, April.
    3. Stuart Landon & Constance Smith, 2018. "Does a Discount Rate Rule Ensure a Pension Plan Can Pay Promised Benefits without Excessive Asset Accumulation?," Working Papers 2018-01, University of Alberta, Department of Economics.
    4. Jeffrey R. Brown & Richard F. Dye, 2015. "Illinois Pensions in a Fiscal Context: A (Basket) Case Study," NBER Working Papers 21293, National Bureau of Economic Research, Inc.
    5. Beetsma, Roel & Lekniute, Zina & Ponds, Eduard, 2017. "U.S. municipal yields and unfunded state pension liabilities," CEPR Discussion Papers 11998, Centre for Economic Policy Research.
    6. Luca Larcher & Francis Breedon, 2020. "Discounting and the market valuation of defined benefit pensions," Working Papers 932, Queen Mary University of London, School of Economics and Finance.
    7. Carlos Vidal-Meliá & Manuel Ventura-Marco & Juan Manuel Pérez-Salamero González, 2018. "Social Insurance Accounting for a Notional Defined Contribution Scheme Combining Retirement and Long-Term Care Benefits," Sustainability, MDPI, vol. 10(8), pages 1-36, August.
    8. Boon, L.N. & Brière, M. & Rigot, S., 2018. "Regulation and pension fund risk-taking," Journal of International Money and Finance, Elsevier, vol. 84(C), pages 23-41.
    9. Lekniute, Z. & Beetsma, R.M.W.J. & Ponds, Eduard, 2016. "Fooling the Market? Municipal Yields and Unfunded State Pension Liabilities," Other publications TiSEM 591eb14d-c598-4297-a775-7, Tilburg University, School of Economics and Management.
    10. Lando, David & Klinger, Sven, 2018. "Safe Haven CDS Premiums," CEPR Discussion Papers 12694, Centre for Economic Policy Research.
    11. Carlos Vidal-Meliá & Manuel Ventura-Marco & Juan Manuel Pérez-Salamero González, 2018. "Actuarial accounting for a notional defined contribution scheme combining retirement and longterm care benefits," Documentos de Trabajo del ICAE 2018-16, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    12. Anne M. Garvey & Juan Manuel Pérez-Salamero González & Manuel Ventura-Marco & Carlos Vidal-Meliá, 2021. "From “Table 29” to the actuarial balance sheet: is it really that big a leap?," Documentos de Trabajo del ICAE 2021-05, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.

  7. Gomes, Francisco & Brown, Jeffrey & Fang, Chichun, 2015. "Risk and Returns to Education Over Time," CEPR Discussion Papers 10416, Centre for Economic Policy Research.

    Cited by:

    1. Sang Yoon (Tim) Lee & Yongseok Shin & Donghoon Lee, 2015. "The Option Value of Human Capital: Higher Education and Wage Inequality," NBER Working Papers 21724, National Bureau of Economic Research, Inc.
    2. Yosef Bonaparte & George M. Korniotis & Alok Kumar & Alexander Michaelides & Yuxin Zhang, 2025. "Stock Market Ownership Transitions," Management Science, INFORMS, vol. 71(6), pages 4977-5000, June.

  8. Jeffrey R. Brown & Joshua M. Pollet & Scott J. Weisbenner, 2015. "The In-State Equity Bias of State Pension Plans," NBER Working Papers 21020, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bekaert, Geert & Hoyem, Kenton & Hu, Wei-Yin & Ravina, Enrichetta, 2017. "Who is internationally diversified? Evidence from the 401(k) plans of 296 firms," Journal of Financial Economics, Elsevier, vol. 124(1), pages 86-112.
    2. Ginka Borisova, 2025. "Heterogeneity and internationalization of government investments: sovereign wealth funds and beyond," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 56(6), pages 756-776, August.
    3. Geert Bekaert & Kenton Hoyem & Wei-Yin Hu & Enrichetta Ravina, 2015. "Who is Internationally Diversified? Evidence from 296 401(k)," NBER Working Papers 21236, National Bureau of Economic Research, Inc.
    4. Vladimir Atanasov & Thomas Hall & Vladimir Ivanov & Katherine Litvak, 2019. "The Impact of Public Pension Funds and Other Limited Partners on the Governance of Venture Capital Funds," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-28, March.
    5. Alexander Dyck & Paulo Manoel & Adair Morse, 2022. "Outraged by Compensation: Implications for Public Pension Performance," The Review of Financial Studies, Society for Financial Studies, vol. 35(6), pages 2928-2980.
    6. Schoors, Koen & Semenova, Maria & Zubanov, Andrey, 2019. "Depositor discipline during crisis: Flight to familiarity or trust in local authorities?," Journal of Financial Stability, Elsevier, vol. 43(C), pages 25-39.
    7. Andreas Hoepner & Lisa Schopohl, 2015. "Red versus Blue: Do Political Dimensions Influence the Investment Preferences of State Pension Funds?," ICMA Centre Discussion Papers in Finance icma-dp2015-06, Henley Business School, University of Reading.
    8. Megginson, William L. & Park, Hyeonjoon, 2025. "The impact of enhanced creditor rights on venture capital: Evidence from the Uniform Fraudulent Transfer Act," Journal of Corporate Finance, Elsevier, vol. 94(C).
    9. Dongwoo Kim & Cory Koedel & P. Brett Xiang, 2019. "The Trade-off Between Pension Costs and Salary Expenditures in the Public Sector," Working Papers 1913, Department of Economics, University of Missouri.
    10. Koen Schoors & Maria Semenova & Andrey Zubanov, 2016. "Depositor Discipline in Russian Regions: Flight to Familiarity or Trust in Local Authorities?," HSE Working papers WP BRP 58/FE/2016, National Research University Higher School of Economics.
    11. Hossain, Ashrafee Tanvir & Hossain, Takdir & Kryzanowski, Lawrence, 2021. "Political corruption and corporate payouts," Journal of Banking & Finance, Elsevier, vol. 123(C).
    12. Andreas G. F. Hoepner & Lisa Schopohl, 2020. "State Pension Funds and Corporate Social Responsibility: Do Beneficiaries’ Political Values Influence Funds’ Investment Decisions?," Journal of Business Ethics, Springer, vol. 165(3), pages 489-516, September.
    13. Duan, Ying & Jiao, Yawen & Tam, Kinsun, 2021. "Conflict of interest and proxy voting by institutional investors," Journal of Corporate Finance, Elsevier, vol. 70(C).
    14. Yan Lu & Kevin Mullally & Sugata Ray, 2023. "Paying for Performance in Public Pension Plans," Management Science, INFORMS, vol. 69(8), pages 4888-4907, August.

  9. Jeffrey R. Brown & Anne M. Farrell & Scott J. Weisbenner, 2015. "Decision-Making Approaches and the Propensity to Default: Evidence and Implications," NBER Working Papers 20949, National Bureau of Economic Research, Inc.

    Cited by:

    1. Butt, Adam & Donald, M. Scott & Foster, F. Douglas & Thorp, Susan & Warren, Geoffrey J., 2018. "One size fits all? Tailoring retirement plan defaults," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 546-566.
    2. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    3. Hagen, Johannes & Hallberg, Daniel & Sjögren Lindquist, Gabriella, 2021. "A Nudge to Quit? The Effect of a Change in Pension Information on Annuitization, Labour Supply, and Retirement Choices Among Older Workers," GLO Discussion Paper Series 209 [pre.], Global Labor Organization (GLO).
    4. Robert L. Clark & Emma Hanson & Olivia S. Mitchell, 2015. "Lessons for Public Pensions from Utah’s Move to Pension Choice," NBER Working Papers 21385, National Bureau of Economic Research, Inc.
    5. Lucas Goodman & Anita Mukherjee & Shanthi Ramnath, 2022. "Set it and Forget it? Financing Retirement in an Age of Defaults," Working Paper Series WP 2022-50, Federal Reserve Bank of Chicago.
    6. Michael P. Keane & Susan Thorp, 2016. "Complex Decision Making: The Roles of Cognitive Limitations, Cognitive Decline and Ageing," Economics Papers 2016-W10, Economics Group, Nuffield College, University of Oxford.
    7. Lyubimov, Ivan L. (Любимов, Иван) & Kazakova, Maria V. (Казакова, Мария), 2017. "The Demand for Production Inputs as the Reflection of the Level of Property Rights Protection [Структура Спроса На Факторы Производства Как Отражение Защищенности Прав Собственности]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 30-59, August.
    8. Robert L. Clark & Robert G. Hammond & Christelle Khalaf & Melinda Sandler Morrill, 2017. "Planning for Retirement? The Importance of Time Preferences," NBER Working Papers 23501, National Bureau of Economic Research, Inc.
    9. Joshua Blumenstock & Michael Callen & Tarek Ghani, 2017. "Why Do Defaults Affect Behavior? Experimental Evidence from Afghanistan," NBER Working Papers 23590, National Bureau of Economic Research, Inc.
    10. Robinson, Peter John & Botzen, W. J. Wouter & Kunreuther, Howard & Chaudhry, Shereen J., 2021. "Default options and insurance demand," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 39-56.
    11. Billari, Francesco C. & Favero, Carlo A. & Saita, Francesco, 2023. "Online financial and demographic education for workers: Experimental evidence from an Italian Pension Fund," Journal of Banking & Finance, Elsevier, vol. 151(C).
    12. Hoover, Hanna, 2022. "Nudges as norms: Evidence from the NYC taxi cab industry," Journal of Economic Psychology, Elsevier, vol. 92(C).
    13. Dur, Robert & Fleming, Dimitry & van Garderen, Marten & van Lent, Max, 2021. "A social norm nudge to save more: A field experiment at a retail bank," Journal of Public Economics, Elsevier, vol. 200(C).
    14. Lanotte, Myriam & Devolder, Pierre, 2022. "Communication relative aux pensions : digitalisation et défis pour l'avenir," LIDAM Discussion Papers ISBA 2022015, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    15. Gerhard, Patrick & Hoffmann, Arvid O.I. & Post, Thomas, 2017. "Past performance framing and investors’ belief updating: Is seeing long-term returns always associated with smaller belief updates?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 15(C), pages 38-51.
    16. Goodman, Lucas & Mukherjee, Anita & Ramnath, Shanthi, 2023. "Set it and forget it? Financing retirement in an age of defaults," Journal of Financial Economics, Elsevier, vol. 148(1), pages 47-68.
    17. Lars Behlen & Oliver Himmler & Robert Jäckle, 2023. "Defaults and effortful tasks," Experimental Economics, Springer;Economic Science Association, vol. 26(5), pages 1022-1059, November.
    18. Keane, M.P. & Thorp, S., 2016. "Complex Decision Making," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 661-709, Elsevier.
    19. Sonia Buchholtz & Jan Gąska & Marek Góra, 2021. "Myopic Savings Behaviour of Future Polish Pensioners," Risks, MDPI, vol. 9(2), pages 1-19, February.
    20. Kirschenmann, Karolin & Knebel-Seitz, Caroline, 2025. "To release or not to release? Preferences for home equity products in retirement," ZEW Discussion Papers 25-069, ZEW - Leibniz Centre for European Economic Research.
    21. Ghesla, Claus & Grieder, Manuel & Schubert, Renate, 2020. "Nudging the poor and the rich – A field study on the distributional effects of green electricity defaults," Energy Economics, Elsevier, vol. 86(C).
    22. Taha Choukhmane, 2025. "Default Options and Retirement Saving Dynamics," American Economic Review, American Economic Association, vol. 115(11), pages 3749-3787, November.
    23. Callen, Michael & Blumenstock, Joshua & Ghani, Tarek, 2016. "Mobile-izing Savings with Automatic Contributions: Experimental Evidence on Present Bias and Default Effects in Afghanistan," CEPR Discussion Papers 11400, Centre for Economic Policy Research.
    24. Buchholtz, Sonia & Gaska, Jan & Góra, Marek, 2018. "Pension Strategies of Workers in a Country Getting Old before Getting Rich," IZA Discussion Papers 11830, IZA Network @ LISER.

  10. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia S. Mitchell, 2013. "Cognitive Constraints on Valuing Annuities," NBER Working Papers 19168, National Bureau of Economic Research, Inc.

    Cited by:

    1. Teresa Bago d'Uva & Esen Erdogan Ciftci & Owen O'Donnell & Eddy van Doorslaer, 2015. "Who can predict their Own Demise? Accuracy of Longevity Expectations by Education and Cognition," Tinbergen Institute Discussion Papers 15-052/V, Tinbergen Institute.
    2. John Duffy & Yue Li, 2016. "Lifecycle Consumption Under Different Income Profiles: Experimental Evidence," Working Papers 161702, University of California-Irvine, Department of Economics.

  11. Jeffrey R. Brown & Jeffrey R. Kling & Sendhil Mullainathan & Marian V. Wrobel, 2013. "Framing Lifetime Income," NBER Working Papers 19063, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jeffrey R. Brown, 2014. "Income as the Outcome: How to Broaden the Narrow Framing of U.S. Retirement Policy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 7-16, March.
    2. Hagen, Johannes & Hallberg, Daniel & Sjögren Lindquist, Gabriella, 2021. "A Nudge to Quit? The Effect of a Change in Pension Information on Annuitization, Labour Supply, and Retirement Choices Among Older Workers," GLO Discussion Paper Series 209 [pre.], Global Labor Organization (GLO).
    3. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    4. Hazel Bateman & Inka Eberhardt, 2024. "How Fact Sheets affect retirement income product knowledge, perceptions and choices," Australian Journal of Management, Australian School of Business, vol. 49(2), pages 119-141, May.
    5. Nijman, Theo E & Bovenberg, Lans, 2015. "Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe," CEPR Discussion Papers 10538, Centre for Economic Policy Research.
    6. Bovenberg, Lans & Nijman, Theo, 2015. "Personal Pensions with Risk Sharing, Affordable, Adequate and Stable Private Pensions in Europe," Other publications TiSEM 847e1615-acc8-4a4d-ac4c-5, Tilburg University, School of Economics and Management.
    7. Hippolyte d'Albis & Giuseppe Attanasi & Emmanuel Thibault, 2019. "An Experimental Test of the Under-Annuitization Puzzle with Smooth Ambiguity and Charitable Giving," Working Papers halshs-02132858, HAL.
    8. van Bilsen, Servaas & Bovenberg, Lans, 2016. "Personal Pensions with Risk Sharing : Various Approaches," Other publications TiSEM 654af00d-ba4f-44e6-a4ad-c, Tilburg University, School of Economics and Management.
    9. Andreas Richter & Jochen Ruß & Stefan Schelling, 2019. "Insurance customer behavior: Lessons from behavioral economics," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(2), pages 183-205, July.
    10. In Do Hwang, 2017. "Behavioral Aspects of Household Portfolio Choice: Effects of Loss Aversion on Life Insurance Uptake and Savings," Working Papers 2017-8, Economic Research Institute, Bank of Korea.
    11. Jeffrey R. Brown & James Poterba & David Richardson, 2014. "Do Required Minimum Distributions Matter? The Effect of the 2009 Holiday On Retirement Plan Distributions," NBER Working Papers 20464, National Bureau of Economic Research, Inc.
    12. Abraham, Katharine G. & Filiz-Ozbay, Emel & Ozbay, Erkut Y. & Turner, Lesley J., 2020. "Framing effects, earnings expectations, and the design of student loan repayment schemes," Journal of Public Economics, Elsevier, vol. 183(C).
    13. Hazel Bateman & Christine Eckert & Fedor Iskhakov & Jordan Louviere & Stephen Satchell & Susan Thorp, 2017. "Default and naive diversification heuristics in annuity choice," Australian Journal of Management, Australian School of Business, vol. 42(1), pages 32-57, February.
    14. Franziska Unger & Martina Steul-Fischer & Nadine Gatzert, 2024. "How default effects and decision timing affect annuity uptake and health consciousness," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(1), pages 180-211, January.

  12. Jeffrey R. Brown & Zoran Ivković & Scott Weisbenner, 2013. "Empirical Determinants of Intertemporal Choice," NBER Working Papers 18755, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kai Ruggeri & Amma Panin & Milica Vdovic & Bojana Većkalov & Nazeer Abdul-Salaam & Jascha Achterberg & Carla Akil & Jolly Amatya & Kanchan Amatya & Thomas Lind Andersen & Sibele D Aquino & Arjoon Arun, 2022. "The globalizability of temporal discounting," Post-Print halshs-03903193, HAL.
    2. Fred Schroyen & Karl Ove Aarbu, 2018. "Attitudes Towards Large Income Risk in Welfare States: An International Comparison," Economica, London School of Economics and Political Science, vol. 85(340), pages 846-872, October.
    3. Charles Yuji Horioka & Emin Gahramanov & Aziz Hayat & Xueli Tang, 2019. "The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis," Discussion Paper Series DP2019-26, Research Institute for Economics & Business Administration, Kobe University.
    4. de Almeida, Filipa & Scott, Ian J. & Soro, Jerônimo C. & Fernandes, Daniel & Amaral, André R. & Catarino, Mafalda L. & Arêde, André & Ferreira, Mário B., 2024. "Financial scarcity and cognitive performance: A meta-analysis," Journal of Economic Psychology, Elsevier, vol. 101(C).
    5. Schreiber, Philipp & Weber, Martin, 2016. "Time inconsistent preferences and the annuitization decision," Journal of Economic Behavior & Organization, Elsevier, vol. 129(C), pages 37-55.
    6. Horioka, Charles Yuji & Gahramanov, Emin & Hayat, Aziz & Tang, Xueli, 2021. "The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis," Journal of the Japanese and International Economies, Elsevier, vol. 62(C).
    7. Smyth, Laura J. & Cruise, Sharon M. & Tang, Jianjun & Young, Ian & McGuinness, Bernadette & Kee, Frank & McKnight, Amy Jayne, 2023. "Differential methylation in CD44 and SEC23A is associated with time preference in older individuals," Economics & Human Biology, Elsevier, vol. 49(C).
    8. Christina Kaliampakou & Lefkothea Papada & Dimitris Damigos, 2021. "Are Energy-Vulnerable Households More Prone to Informative, Market, and Behavioral Biases?," Societies, MDPI, vol. 11(4), pages 1-22, October.
    9. Walid Merouani & Nacer-Eddine Hammouda & Claire El Moudden, 2018. "Do myopia and asymmetric information matter in the demand for social insurance?," Working Papers 1212, Economic Research Forum, revised 28 Jun 2018.
    10. Johannes Hagen, 2015. "The determinants of annuitization: evidence from Sweden," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 22(4), pages 549-578, August.
    11. Lucy F. Ackert & Richard Deaves & Jennifer Miele & Quang Nguyen, 2020. "Are Time Preference and Risk Preference Associated with Cognitive Intelligence and Emotional Intelligence?," Journal of Behavioral Finance, Taylor & Francis Journals, vol. 21(2), pages 136-156, April.
    12. Anna Kaliciak & Radoslaw Kurach & Walid Merouani, 2016. "Who is Eager to Save for Retirement – the Cross-Country Evidence," LWS Working papers 23, LIS Cross-National Data Center in Luxembourg.

  13. Jeffrey Brown & Chichun Fang & Francisco Gomes, 2012. "Risk and Returns to Education," NBER Working Papers 18300, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kaelab K. Haile & Eleonora Nillesen & Nyasha Tirivayi, 2019. "Impact of Formal Climate Risk Transfer Mechanisms on Risk-Aversion: Empirical Evidence from Rural Ethiopia," CESifo Working Paper Series 7717, CESifo.
    2. Eric A. Hanushek & Lavinia Kinne & Philipp Lergetporer & Ludger Woessmann, 2020. "Culture and Student Achievement: The Intertwined Roles of Patience and Risk-Taking," NBER Working Papers 27484, National Bureau of Economic Research, Inc.
    3. Koerselman, Kristian & Uusitalo, Roope, 2014. "The risk and return of human capital investments," Labour Economics, Elsevier, vol. 30(C), pages 154-163.
    4. William T. Alpert & Alexander Vaninsky, 2013. "Efficiency of College Education in the Labor Market of the United States," Working papers 2013-22, University of Connecticut, Department of Economics.
    5. Delaney, Judith M., 2019. "Risk-Adjusted Returns to Education," IZA Discussion Papers 12394, IZA Network @ LISER.
    6. Kraft, Holger & Munk, Claus & Seifried, Frank Thomas & Steffensen, Mogens, 2014. "Consumption and wage humps in a life-cycle model with education," SAFE Working Paper Series 53, Leibniz Institute for Financial Research SAFE.
    7. Radhakrishnan Gopalan & Barton H. Hamilton & Jorge Sabat & David Sovich, 2024. "Aversion to Student Debt? Evidence from Low‐Wage Workers," Journal of Finance, American Finance Association, vol. 79(2), pages 1249-1295, April.
    8. Joop Hartog & Luis Diaz-Serrano, 2015. "Why Do We Ignore the Risk in Schooling Decisions?," De Economist, Springer, vol. 163(2), pages 125-153, June.

  14. Jeffrey R. Brown & Scott Weisbenner, 2012. "The Distributional Effects of the Social Security Windfall Elimination Provision," NBER Working Papers 18342, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alan L. Gustman & Thomas L. Steinmeier & Nahid Tabatabai, 2013. "The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study," Working Papers wp288, University of Michigan, Michigan Retirement Research Center.

  15. Jeffrey R. Brown & Stephen G. Dimmock & Scott Weisbenner, 2012. "The Supply of and Demand for Charitable Donations to Higher Education," NBER Working Papers 18389, National Bureau of Economic Research, Inc.

    Cited by:

    1. Keith C. Brown & Cristian Ioan Tiu, 2013. "The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 43-98, National Bureau of Economic Research, Inc.
    2. Aragon, George O. & Jiang, Yuxiang & Joenväärä, Juha & Tiu, Cristian Ioan, 2025. "Responsible investing: Costs and benefits for university endowment funds," Journal of Financial Economics, Elsevier, vol. 172(C).
    3. Rosen, Harvey S. & Sappington, Alexander J.W., 2016. "To borrow or not to borrow? An analysis of university leverage decisions," Research in Economics, Elsevier, vol. 70(1), pages 170-185.
    4. Caroline M. Hoxby, 2013. "Endowment Management Based on a Positive Model of the University," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 15-41, National Bureau of Economic Research, Inc.

  16. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia Mitchell, 2012. "Do Consumers Know How to Value Annuities? Complexity as a Barrier to Annuitization," Working Papers WR-924-SSA, RAND Corporation.

    Cited by:

    1. Abeler, Johannes & Jäger, Simon, 2013. "Complex Tax Incentives: An Experimental Investigation," IZA Discussion Papers 7373, IZA Network @ LISER.
    2. Schreiber, Philipp & Weber, Martin, 2016. "Time inconsistent preferences and the annuitization decision," Journal of Economic Behavior & Organization, Elsevier, vol. 129(C), pages 37-55.
    3. Alexis DIRER & Rim ENNAJAR-SAYADI, 2016. "How Pride Elastic is the Demand For Retirement Saving," LEO Working Papers / DR LEO 2436, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    4. Alexis DIRER & Rim ENNAJAR-SAYADI, 2016. "How Price Elastic is the Demand For Retirement Saving?," LEO Working Papers / DR LEO 2437, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.

  17. Jeffrey R. Brown & Robert Clark & Joshua Rauh, 2011. "The Economics of State and Local Public Pensions," NBER Working Papers 16792, National Bureau of Economic Research, Inc.

    Cited by:

    1. Luc Godbout & Yves Trudel & Suzie St-Cerny, 2013. "Le régime de rentes du Québec : le rendement différencié selon l’année de prise de la retraite de 1968 jusqu’en 2056," L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(2), pages 89-113.
    2. Castañeda, Pablo & Castro, Rubén & Fajnzylber, Eduardo & Medina, Juan Pablo & Villatoro, Félix, 2021. "Saving for the future: Evaluating the sustainability and design of Pension Reserve Funds," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    3. Hasan U. Altiok & Glenn Jenkins, 2011. "The Fiscal Burden Of The Legacy Of The Civil Service Pension Systems In Northern Cyprus," Working Paper 1284, Economics Department, Queen's University.
    4. David G. McCarthy & Po‐Lin Wang, 2022. "Wait your turn: Pension incentives, workplace rules, and labor supply among Philadelphia municipal workers," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(4), pages 985-1029, December.
    5. Latifa AITOUTOUHEN & Faris HAMZA, 2016. "Financial and Econometric Study of the Sustainability and Evaluation of Scenarios of Reforms for the Civil Regime of Moroccan," Turkish Economic Review, KSP Journals, vol. 3(4), pages 652-667, December.
    6. Hasan U. Altiok & Glenn Jenkins, "undated". "The Pension Traps of Northern Cyprus," Development Discussion Papers 2012-03, JDI Executive Programs.
    7. Altiok, Hasan U., 2011. "The Fiscal Burden of the Legacy of the Civil Service Pension Systems in Northern Cyprus," Queen's Economics Department Working Papers 274082, Queen's University - Department of Economics.
    8. Vincent Touzé, 2011. "Le financement des retraites aux États-Unis," Post-Print hal-03461438, HAL.
    9. Miller, Steven R. & Deller, Steven C. & Stallmann, Judith I., "undated". "Potential Rural Impacts of Pension Reductions," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258126, Agricultural and Applied Economics Association.
    10. Dashle Kelley, 2014. "The political economy of unfunded public pension liabilities," Public Choice, Springer, vol. 158(1), pages 21-38, January.
    11. Joelle H. Fong & John Piggott & Michael Sherris, 2012. "Public Sector Pension Funds in Australia: Longevity Selection and Liabilities," Working Papers 201217, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    12. Hasan U. Altiok & Glenn Jenkins, 2012. "Social Security Reforms in Northern Cyprus: Are they Fiscally Balanced and Socially Equitable?," Development Discussion Papers 2012-02, JDI Executive Programs.

  18. Brown, Jeffrey R. & Kapteyn, Arie & Mitchell, Olivia S., 2011. "Framing and Claiming: How Information-Framing Affects Expected Social Security Claiming Behavior," Working Papers 11-74, University of Pennsylvania, Wharton School, Weiss Center.

    Cited by:

    1. Glenzer, Franca & Michaud, Pierre-Carl & Staubli, Stefan, 2025. "Frames, incentives, and education: Effectiveness of interventions to delay public pension claiming," Journal of Public Economics, Elsevier, vol. 248(C).
    2. Brown, Jeffrey R. & Kapteyn, Arie & Luttmer, Erzo F.P. & Mitchell, Olivia S. & Samek, Anya, 2019. "Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing," IZA Discussion Papers 12263, IZA Network @ LISER.
    3. Conrado Cuevas & Dan Bernhardt & Mario Sanclemente, 2023. "Followers of the pied piper of pensioners," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1517-1550, November.
    4. Tomoki KITAMURA & Yoshimi ADACHI, 2024. "Impact of eliminating retirement earnings test on labor supply and pension benefit claims," PLOS ONE, Public Library of Science, vol. 19(8), pages 1-30, August.
    5. John Duffy & Yue Li, 2016. "Lifecycle Consumption Under Different Income Profiles: Experimental Evidence," Working Papers 161702, University of California-Irvine, Department of Economics.
    6. Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
    7. Mitchell, Olivia S., 2020. "Building better retirement systems in the wake of the global pandemic," CFS Working Paper Series 644, Center for Financial Studies (CFS).
    8. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    9. Raimond Maurer & Olivia S. Mitchell, 2016. "Older Peoples’ Willingness to Delay Social Security Claiming," NBER Working Papers 22942, National Bureau of Economic Research, Inc.
    10. Anastasia Burkovskaya & Adam Teperski & Kadir Atalay, 2022. "Framing and insurance choices," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(2), pages 311-337, June.
    11. Maurer, Raimond & Mitchell, Olivia S., 2017. "Incentivizing older people to delay social security claiming," SAFE Policy Letters 57, Leibniz Institute for Financial Research SAFE.
    12. Christoph Merkle & Philipp Schreiber & Martin Weber, 2017. "Framing and retirement age: The gap between willingness-to-accept and willingness-to-pay," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(92), pages 757-809.
    13. Hayen, Arthur P. & Klein, Tobias J. & Salm, Martin, 2021. "Does the framing of patient cost-sharing incentives matter? the effects of deductibles vs. no-claim refunds," Journal of Health Economics, Elsevier, vol. 80(C).
    14. Daniel Stein & Jeremy Tobacman, 2016. "Weather Insurance Savings Accounts," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 41(4), pages 677-700, October.
    15. Bai, Chong-En & Chi, Wei & Liu, Tracy Xiao & Tang, Chao & Xu, Jian, 2021. "Boosting pension enrollment and household consumption by example: A field experiment on information provision," Journal of Development Economics, Elsevier, vol. 150(C).
    16. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia S. Mitchell & Anya Samek, 2017. "Behavioral Impediments to Valuing Annuities: Evidence on the Effects of Complexity and Choice Bracketing," NBER Working Papers 24101, National Bureau of Economic Research, Inc.
    17. Deng, Yuanyuan & Fang, Hanming & Hanewald, Katja & Wu, Shang, 2023. "Delay the Pension Age or Adjust the Pension Benefit? Implications for Labor Supply and Individual Welfare in China," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 1192-1215.
    18. Tomasz Jedynak, 2022. "Does the Formulation of the Decision Problem Affect Retirement?—Framing Effect and Planned Retirement Age," IJERPH, MDPI, vol. 19(4), pages 1-30, February.
    19. Tobias Dalhaus & Barry J Barnett & Robert Finger, 2020. "Behavioral weather insurance: Applying cumulative prospect theory to agricultural insurance design under narrow framing," PLOS ONE, Public Library of Science, vol. 15(5), pages 1-25, May.
    20. Trond Døskeland & Lars Jacob Tynes Pedersen, 2016. "Investing with Brain or Heart? A Field Experiment on Responsible Investment," Management Science, INFORMS, vol. 62(6), pages 1632-1644, June.
    21. Kaschützke, B. & Maurer, R., 2016. "Investing and Portfolio Allocation for Retirement," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 567-608, Elsevier.
    22. Abraham, Katharine G. & Filiz-Ozbay, Emel & Ozbay, Erkut Y. & Turner, Lesley J., 2020. "Framing effects, earnings expectations, and the design of student loan repayment schemes," Journal of Public Economics, Elsevier, vol. 183(C).
    23. Neha Bairoliya & Ray Miller & Zhixiu Yu, 2026. "Insurance Through Marriage: Case of Parental Health Shocks and Social Security Claiming," Working Papers 2026-003, Human Capital and Economic Opportunity Working Group.
    24. Newell, Ben R. & Bateman, Hazel & Dobrescu, Loretti & Embrey, Jake & Nian, Rochelle & Thorp, Susan, 2025. "Undefined benefit: Projections and anchors as guides to retirement decumulation," Journal of Behavioral and Experimental Finance, Elsevier, vol. 48(C).
    25. Duffy, John & Li, Yue, 2019. "Lifecycle consumption under different income profiles: Evidence and theory," Journal of Economic Dynamics and Control, Elsevier, vol. 104(C), pages 74-94.
    26. Albert Hizgilov & Jacques Silber, 2020. "On Multidimensional Approaches to Financial Literacy Measurement," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(3), pages 787-830, April.
    27. Kitamura, Tomoki & Nakashima, Kunio, 2025. "Financial incentives for delaying the public pension claiming age," Journal of Behavioral and Experimental Finance, Elsevier, vol. 45(C).
    28. Hazel Bateman & Ralph Stevens & Jennifer Alonso Garcia & Eduard Ponds, 2018. "Learning to Value Annuities: The Role of Information and Engagement," ULB Institutional Repository 2013/300030, ULB -- Universite Libre de Bruxelles.
    29. Park, Youngkyun & Banerjee, Sudipto, 2020. "Coworker influence on annuitization decisions: Evidence from defined benefit plans," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 582-606.
    30. Leonie Herrmann, 2017. "Mittelstandsanleihen und ihre privaten Investoren [German SME-bonds and their private investors]," Schmalenbach Journal of Business Research, Springer, vol. 69(3), pages 245-273, September.
    31. Raimond Maurer & Olivia S. Mitchell & Ralph Rogalla & Tatjana Schimetschek, 2021. "Optimal social security claiming behavior under lump sum incentives: Theory and evidence," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 5-27, March.
    32. Eberhardt, Wiebke & Brüggen, Elisabeth & Post, Thomas & Hoet, Chantal, 2021. "Engagement behavior and financial well-being: The effect of message framing in online pension communication," International Journal of Research in Marketing, Elsevier, vol. 38(2), pages 448-471.
    33. Ziying Yang & Man Guo & Tian Xiong & Manping Tang, 2025. "Can financial education programs alleviate household vulnerability to poverty? Evidence from the JinHui financial education project in China," International Review of Finance, International Review of Finance Ltd., vol. 25(1), March.
    34. Naqun Huang & Jing Li & Amanda Ross, 2022. "Housing wealth shocks, home equity withdrawal, and the claiming of Social Security retirement benefits," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 620-644, April.
    35. Abigail Hurwitz & Orly Sade, 2025. "Is One Plus One Always Two? Insuring Longevity Risk While Having Multiple Savings Accounts," Management Science, INFORMS, vol. 71(5), pages 4474-4494, May.

  19. Jeffrey R. Brown & Arie Kapteyn & Olivia S. Mitchell, 2011. "Framing Effects and Expected Social Security Claiming Behavior," NBER Working Papers 17018, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dayanand S. Manoli & Nicholas Turner, 2014. "Nudges and Learning: Evidence from Informational Interventions for Low-Income Taxpayers," NBER Working Papers 20718, National Bureau of Economic Research, Inc.
    2. David Blake & Tom Boardman, 2014. "Spend More Today Safely: Using Behavioral Economics to Improve Retirement Expenditure Decisions With SPEEDOMETER Plans," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 83-112, March.
    3. John B. Shoven & Sita Nataraj Slavov, 2012. "When Does It Pay to Delay Social Security? The Impact of Mortality, Interest Rates, and Program Rules," NBER Working Papers 18210, National Bureau of Economic Research, Inc.
    4. Satoshi Shimizutani & Takashi Oshio, 2016. "Public Pension Benefits Claiming Behaviour: new Evidence from the Japanese Study on Ageing and Retirement," The Japanese Economic Review, Japanese Economic Association, vol. 67(3), pages 235-256, September.
    5. Jingjing Chai & Raimond Maurer & Olivia Mitchell & Ralph Rogalla, 2013. "Exchanging Delayed Social Security Benefits For Lump Sums: Could This Incentivize Longer Work Careers?," Discussion Papers 13-009, Stanford Institute for Economic Policy Research.
    6. John B. Shoven & Sita Nataraj Slavov, 2013. "Recent Changes in the Gains from Delaying Social Security," NBER Working Papers 19370, National Bureau of Economic Research, Inc.
    7. Lauren A. Mayer & Angela A. Hung & Joanne K. Yoong & Jack Clift & Caroline Tassot, 2013. "Designing Better Pension Benefits Statements Current Status, Best Practices and Insights from the Field of Judgment and Decisionmaking," Working Papers WR-951, RAND Corporation.
    8. Jiakun Zheng, 2020. "Optimal insurance design under narrow framing," Post-Print hal-04227370, HAL.
    9. Jeffrey B. Liebman & Erzo F.P. Luttmer, 2011. "Would People Behave Differently If They Better Understood Social Security? Evidence From a Field Experiment," NBER Working Papers 17287, National Bureau of Economic Research, Inc.
    10. Shlomo Benartzi & Alessandro Previtero & Richard H. Thaler, 2011. "Annuitization Puzzles," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 143-164, Fall.
    11. Norma Coe & Gopi Shah Goda, 2014. "How Much Does Access to Health Insurance Influence the Timing of Retirement?," Discussion Papers 14-007, Stanford Institute for Economic Policy Research.
    12. Zheng, Jiakun, 2020. "Optimal insurance design under narrow framing," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 596-607.
    13. Gary V. Engelhardt & Anil Kumar, 2014. "Taxes and the Labor Supply of Older Americans: Recent Evidence From the Social Security Earnings Test," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(2), pages 443-458, June.
    14. James Poterba & Steven Venti & David Wise, 2011. "The Composition and Drawdown of Wealth in Retirement," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 95-118, Fall.
    15. John B. Shoven & Sita Nataraj Slavov, 2012. "The Decision to Delay Social Security Benefits: Theory and Evidence," NBER Working Papers 17866, National Bureau of Economic Research, Inc.
    16. John Payne & Namika Sagara & Suzanne Shu & Kirstin Appelt & Eric Johnson, 2013. "Life expectancy as a constructed belief: Evidence of a live-to or die-by framing effect," Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 27-50, February.
    17. Frank van Erp & Niels Vermeer & Daniel van Vuuren, 2013. "Non-financial determinants of retirement," CPB Discussion Paper 243, CPB Netherlands Bureau for Economic Policy Analysis.
    18. Delavande, Adeline & Rohwedder, Susann, 2017. "Changes in spending and labor supply in response to a Social Security benefit cut: Evidence from stated choice data," The Journal of the Economics of Ageing, Elsevier, vol. 10(C), pages 34-50.
    19. Jeffrey B. Liebman & Erzo F. P. Luttmer, 2012. "The Perception of Social Security Incentives for Labor Supply and Retirement: The Median Voter Knows More Than You'd Think," Tax Policy and the Economy, University of Chicago Press, vol. 26(1), pages 1-42.
    20. Luc Behaghel & David M. Blau, 2012. "Framing Social Security Reform: Behavioral Responses to Changes in the Full Retirement Age," American Economic Journal: Economic Policy, American Economic Association, vol. 4(4), pages 41-67, November.

  20. Jeffrey Brown & Amy Finkelstein, 2011. "Insuring Long Term Care In the US," NBER Working Papers 17451, National Bureau of Economic Research, Inc.

    Cited by:

    1. Chiara Canta & Pierre Pestieau & Emmanuel Thibault, 2016. "Long-term care and capital accumulation: the impact of the State, the market and the family," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(4), pages 755-785, April.
    2. Canta, Chiara & Cremer, Helmuth, 2018. "Opting out and topping up reconsidered: informal care under uncertain altruism," TSE Working Papers 18-924, Toulouse School of Economics (TSE), revised Nov 2019.
    3. Siciliani Luigi, 2013. "The Economics of Long-Term Care," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 14(2), pages 343-375, August.
    4. Chiara Canta & Helmuth Cremer, 2018. "Uncertain Altruism and Non-Linear Long-Term Care Policies," CESifo Working Paper Series 7129, CESifo.
    5. Marie-Louise Leroux & Pierre Pestieau & Gregory Ponthiere, 2021. "Fair long-term care insurance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(3), pages 503-533, October.
    6. Patrick Meyer & Grégory Ponthière, 2016. "Human Lifetime Entropy in a Historical Perspective (1750-2014)," PSE Working Papers halshs-01409679, HAL.
    7. Canta, Chiara & Cremer, Helmuth & Gahvari, Firouz, 2016. "Maybe "honor thy father and thy mother": uncertainfamily aid and the design of social long term care insurance," TSE Working Papers 16-685, Toulouse School of Economics (TSE).
    8. Marie-Louise Leroux & Grégory Ponthiere, 2016. "Nursing Home Choice, Family Bargaining and Optimal Policy in a Hotelling Economy," Cahiers de recherche 1604, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    9. CREMER, Helmuth & PESTIEAU, Pierre & PONTHIERE, Grégory, 2012. "The economics of long-term care: a survey," LIDAM Reprints CORE 2466, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    10. Daniel Gottlieb & Olivia S. Mitchell, 2015. "Narrow Framing and Long-Term Care Insurance," Working Papers wp321, University of Michigan, Michigan Retirement Research Center.
    11. Pestieau, Pierre & Ponthiere, Gregory, 2016. "The public economics of long term care," CEPR Discussion Papers 11365, Centre for Economic Policy Research.

  21. Jeffrey Brown & Stephen G. Dimmock & Jun-Koo Kang & Scott Weisbenner, 2010. "How University Endowments Respond to Financial Market Shocks: Evidence and Implications," NBER Working Papers 15861, National Bureau of Economic Research, Inc.

    Cited by:

    1. Sarah E. Turner, 2013. "The Impact of the Financial Crisis on Faculty Labor Markets," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 175-207, National Bureau of Economic Research, Inc.
    2. Andrew Ang & Andrés Ayala & William N. Goetzmann, 2018. "Investment beliefs of endowments," European Financial Management, European Financial Management Association, vol. 24(1), pages 3-33, January.
    3. Keith C. Brown & Cristian Ioan Tiu, 2013. "The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 43-98, National Bureau of Economic Research, Inc.
    4. Stephen Satchell & Susan Thorp & Oliver Williams, 2012. "Estimating Consumption Plans for Recursive Utility by Maximum Entropy Methods," Research Paper Series 300, Quantitative Finance Research Centre, University of Technology, Sydney.
    5. Jeffrey R. Brown & Caroline M. Hoxby, 2013. "Introduction to "How the Financial Crisis and Great Recession Affected Higher Education"," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 1-13, National Bureau of Economic Research, Inc.
    6. Knut Anton Mork & Haakon Andreas Trønnes & Vegard Skonseng Bjerketvedt, "undated". "Capital preservation and current spending with Sovereign Wealth Funds and Endowment Funds: A simulation study," Working Paper Series 19222, Department of Economics, Norwegian University of Science and Technology.
    7. Duquette, Nicolas J., 2018. "Inequality and philanthropy: High-income giving in the United States 1917–2012," Explorations in Economic History, Elsevier, vol. 70(C), pages 25-41.
    8. Cheslock, John J. & Callie, Trina M., 2015. "Changing salary structure and faculty composition within business schools: Differences across sectors and state funding levels," Economics of Education Review, Elsevier, vol. 49(C), pages 42-54.
    9. Christopher Avery & Ronald Ehrenberg & Catharine Hill & Douglas A. Webber, 2024. "Endowment Spending Rules," NBER Chapters, in: Financing Institutions of Higher Education, pages 163-195, National Bureau of Economic Research, Inc.
    10. Lehmann, Erik E. & Meoli, Michele & Paleari, Stefano & Stockinger, Sarah A. E., 2017. "Approaching effects of the economic crisis on university efficiency: A comparative study of Germany and Italy," UO Working Papers 08-17, University of Augsburg, Chair of Management and Organization.
    11. Mork, Knut Anton & Harang, Fabian Andsem & Trønnes, Haakon Andreas & Bjerketvedt, Vegard Skonseng, 2023. "Dynamic spending and portfolio decisions with a soft social norm," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    12. Sun, Xian & Gunia, Brian C., 2018. "Economic resources and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 332-351.
    13. Frank Fernandez & Xiaodan Hu & Mark Umbricht, 2023. "Examining Wyoming’s Endowment Challenge Program: A Synthetic Control Analysis," Research in Higher Education, Springer;Association for Institutional Research, vol. 64(5), pages 654-674, August.
    14. Harvey S. Rosen & Alexander J.W. Sappington, 2016. "To Borrow or Not to Borrow? An Analysis of University Leverage Decisions," Working Papers 249, Princeton University, Department of Economics, Center for Economic Policy Studies..
    15. Tom Arnold & John H. Earl & Joseph Farizo & David North, 2024. "Endowment asset allocations: insights and strategies," Journal of Asset Management, Palgrave Macmillan, vol. 25(4), pages 349-368, July.
    16. Campbell, John Y. & Sigalov, Roman, 2022. "Portfolio choice with sustainable spending: A model of reaching for yield," Journal of Financial Economics, Elsevier, vol. 143(1), pages 188-206.
    17. Sandeep Dahiya & David Yermack, 2018. "Investment Returns and Distribution Policies of Non-Profit Endowment Funds," NBER Working Papers 25323, National Bureau of Economic Research, Inc.
    18. Harvey S. Rosen & Alexander J. W. Sappington, 2015. "What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income," NBER Working Papers 21271, National Bureau of Economic Research, Inc.
    19. Knut Anton Mork & Haakon Andreas Trønnes & Vegard Skonseng Bjerketvedt, 2022. "Capital Preservation and Current Spending with Sovereign Wealth Funds and Endowment Funds: A simulation Study," IJFS, MDPI, vol. 10(3), pages 1-24, August.
    20. Harvey S. Rosen & Alexander J. W. Sappington, 2016. "To Borrow or Not to Borrow? An Analysis of University Leverage Decisions," NBER Working Papers 21951, National Bureau of Economic Research, Inc.
    21. Karly S. Ford & Kelly Ochs Rosinger & Qiong Zhu, 2021. "Consolidation of Class Advantages in the Wake of the Great Recession: University Enrollments, Educational Opportunity and Stratification," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(7), pages 915-941, November.
    22. Harvey S. Rosen & Alexander J.W. Sappington, 2015. "What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income," Working Papers 244, Princeton University, Department of Economics, Center for Economic Policy Studies..
    23. Knut Anton Mork & Vegard Skonseng Bjerketvedt, 2021. "Soft habits," Working Paper Series 18921, Department of Economics, Norwegian University of Science and Technology.
    24. Matteo Binfarè & Gregory Brown & Robert Harris & Christian Lundblad, 2023. "How Does Human Capital Affect Investing? Evidence from University Endowments," Review of Finance, European Finance Association, vol. 27(1), pages 143-188.
    25. Yan Lau & Harvey S. Rosen, 2015. "Are Universities Becoming More Unequal?," NBER Working Papers 21432, National Bureau of Economic Research, Inc.
    26. Snorre Lindset & Egil Matsen, 2018. "Institutional spending policies: implications for future asset values and spending," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 32(1), pages 53-76, February.
    27. Miao Guo & Lei Guo & Yang Li, 2024. "Nonprofit behavior altered by monetary donations: evidence from the U.S. hospice industry," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 25(2), pages 207-220, March.
    28. Han Jiang & Aggey Simons, 2024. "Charitable Giving and NPOs Investment Decision in a Stochastic Dynamic Economy," Working Papers 2402E, University of Ottawa, Department of Economics.
    29. David Chambers & Elroy Dimson & Justin Foo, 2014. "Keynes, King's and Endowment Asset Management," NBER Working Papers 20421, National Bureau of Economic Research, Inc.
    30. Aragon, George O. & Jiang, Yuxiang & Joenväärä, Juha & Tiu, Cristian Ioan, 2025. "Responsible investing: Costs and benefits for university endowment funds," Journal of Financial Economics, Elsevier, vol. 172(C).
    31. Rosen, Harvey S. & Sappington, Alexander J.W., 2016. "To borrow or not to borrow? An analysis of university leverage decisions," Research in Economics, Elsevier, vol. 70(1), pages 170-185.
    32. Caroline M. Hoxby, 2013. "Endowment Management Based on a Positive Model of the University," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 15-41, National Bureau of Economic Research, Inc.
    33. Harvey S. Rosen & Alexander J. W. Sappington, 2016. "Impact of Endowment Shocks on Payouts," Working Papers 250, Princeton University, Department of Economics, Center for Economic Policy Studies..
    34. Kevin Stange, 2015. "Differential Pricing in Undergraduate Education: Effects on Degree Production by Field," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 34(1), pages 107-135, January.
    35. Stephen G. Dimmock & Neng Wang & Jinqiang Yang, 2019. "The Endowment Model and Modern Portfolio Theory," NBER Working Papers 25559, National Bureau of Economic Research, Inc.
    36. David Dranove & Craig Garthwaite & Christopher Ody, 2013. "How do Hospitals Respond to Negative Financial Shocks? The Impact of the 2008 Stock Market Crash," NBER Working Papers 18853, National Bureau of Economic Research, Inc.
    37. Huberman, Gur & Guasoni, Paolo & Ren, Dan, 2014. "Shortfall Aversion," CEPR Discussion Papers 10064, Centre for Economic Policy Research.
    38. Azoulay, Pierre & Heggeness, Misty & Kao, Jennifer, 2025. "Medical research and health care finance: Evidence from Academic Medical Centers," Research Policy, Elsevier, vol. 54(2).
    39. Shih, Kevin, 2017. "Do international students crowd-out or cross-subsidize Americans in higher education?," Journal of Public Economics, Elsevier, vol. 156(C), pages 170-184.
    40. Cejnek, Georg & Franz, Richard & Stoughton, Neal M., 2023. "Portfolio Choice with Endogenous Donations - Modeling University Endowments," Journal of Economics and Business, Elsevier, vol. 125.
    41. Jeffrey R. Brown & Stephen G. Dimmock & Scott Weisbenner, 2012. "The Supply of and Demand for Charitable Donations to Higher Education," NBER Working Papers 18389, National Bureau of Economic Research, Inc.
    42. Ozan Jaquette & Bradley R. Curs, 2023. "Enrollment Growth and Faculty Hiring at Public Research Universities," Research in Higher Education, Springer;Association for Institutional Research, vol. 64(3), pages 349-378, May.
    43. Drew M. Anderson, 2019. "What Constitutes Prudent Spending from Private College Endowments? Evidence from Underwater Funds," Education Finance and Policy, MIT Press, vol. 14(1), pages 88-114, Winter.
    44. Harvey S. Rosen & Alexander J. W. Sappington, 2016. "What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income," Education Finance and Policy, MIT Press, vol. 11(4), pages 404-425, Fall.
    45. Sofia Johan & Minjie Zhang, 2021. "Information Asymmetries in Private Equity: Reporting Frequency, Endowments, and Governance," Journal of Business Ethics, Springer, vol. 174(1), pages 199-220, November.
    46. Yan Lau & Harvey S. Rosen, 2015. "Are Universities Becoming More Unequal?," Working Papers 245, Princeton University, Department of Economics, Center for Economic Policy Studies..
    47. Paolo Guasoni & Gur Huberman & Dan Ren, 2020. "Shortfall aversion," Mathematical Finance, Wiley Blackwell, vol. 30(3), pages 869-920, July.
    48. Lee, Michael T. & Raschke, Robyn L., 2018. "Freeing “workplace prisoners” in higher education: Configurations for collective knowledge building and educational value decisions," Journal of Business Research, Elsevier, vol. 88(C), pages 443-448.
    49. David Yermack, 2015. "Donor Governance and Financial Management in Prominent U.S. Art Museums," NBER Working Papers 21066, National Bureau of Economic Research, Inc.
    50. Manuel Adelino & Katharina Lewellen & W. Ben McCartney, 2022. "Hospital Financial Health and Clinical Choices: Evidence from the Financial Crisis," Management Science, INFORMS, vol. 68(3), pages 2098-2119, March.

  22. Jeffrey R. Brown & Julia Lynn Coronado & Don Fullerton, 2009. "is Social Security Part of the Social Safety Net?," CESifo Working Paper Series 2610, CESifo.

    Cited by:

    1. Ignacio Álvarez & Natalia da Silva & Álvaro Forteza & Ianina Rossi, 2012. "Incentivos y patrones de retiro en Uruguay," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 27(2), pages 219-271.
    2. Kuhle, Wolfgang, 2012. "Dynamic efficiency and the two-part golden rule with heterogeneous agents," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 992-1006.
    3. Fatih Guvenen & Greg Kaplan & Jae Song & Justin Weidner, 2017. "Lifetime Incomes in the United States over Six Decades," NBER Working Papers 23371, National Bureau of Economic Research, Inc.
    4. Alvaro Forteza & Diego Tuzman, 2024. "The redistributive effect of pensions. The case of Uruguay," Documentos de Trabajo (working papers) 0924, Department of Economics - dECON.
    5. Glaubitz, Rick & Harnack-Eber, Astrid & Wetter, Miriam, 2022. "The gender gap in lifetime earnings: The role of parenthood," Discussion Papers 2022/3, Free University Berlin, School of Business & Economics.
    6. Joshua Blonz & Dallas Burtraw & Margaret Walls, 2012. "Social safety nets and US climate policy costs," Climate Policy, Taylor & Francis Journals, vol. 12(4), pages 474-490, July.
    7. Coronado Julia Lynn & Fullerton Don & Glass Thomas, 2011. "The Progressivity of Social Security," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-45, November.
    8. Ianina Rossi, 2018. "Systematic Determinants of Pensions in Latin America," Documentos de Trabajo (working papers) 0818, Department of Economics - dECON.
    9. Rick Glaubitz & Astrid Harnack-Eber & Miriam Wetter, 2022. "The Gender Gap in Lifetime Earnings: The Role of Parenthood," Discussion Papers of DIW Berlin 2001, DIW Berlin, German Institute for Economic Research.

  23. Mullainathan, Sendhil & Brown, Jeffrey R. & Kling, Jeffrey R. & Wrobel, Marian Vaillant, 2008. "Why Don't People Insure Late Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle," Scholarly Articles 2799056, Harvard University Department of Economics.

    Cited by:

    1. Maria Alexandrova & Nadine Gatzert, 2019. "What Do We Know About Annuitization Decisions?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(1), pages 57-100, March.
    2. Juan Esteban Halcartegaray & Jorge Miranda, 2011. "Efectos del SCOMP sobre la Elección individual de Modalidad de Pensión," Working Papers 52, Superintendencia de Pensiones, revised Aug 2012.
    3. Antoine Bommier, Francois Le Grand, "undated". "Too Risk Averse to Purchase Insurance? A Theoretical Glance at the Annuity Puzzle," Working Papers ETH-RC-12-002, ETH Zurich, Chair of Systems Design.
    4. Daniel Bauer & Darius Lakdawalla & Julian Reif, 2018. "Mortality Risk, Insurance, and the Value of Life," NBER Working Papers 25055, National Bureau of Economic Research, Inc.
    5. Bucher-Koenen, Tabea & Knebel, Caroline & Weber, Martin, 2023. "Do individuals accept fluctuations in pension income?," ZEW Discussion Papers 23-019, ZEW - Leibniz Centre for European Economic Research.
    6. Butler, Monika & Staubli, Stefan & ,, 2008. "The Role of the Annuity's Value on the Decision (Not) to Annuitize: Evidence from a Large Policy Change," CEPR Discussion Papers 6930, Centre for Economic Policy Research.
    7. Bockweg, Christian & Ponds, Eduard & Steenbeek, O.W. & Vonken, Joyce, 2016. "Framing and the Annuitization Decision : Experimental Evidence from a Dutch Pension Fund," Other publications TiSEM 92cb5865-3759-4017-abd2-5, Tilburg University, School of Economics and Management.
    8. Hazel Bateman & Christine Eckert & John Geweke & Jordan Louviere & Stephen Satchell & Susan Thorp, 2016. "Risk Presentation and Portfolio Choice," Review of Finance, European Finance Association, vol. 20(1), pages 201-229.
    9. John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," NBER Working Papers 16728, National Bureau of Economic Research, Inc.
    10. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    11. Peijnenburg, Kim & Nijman, Theo & Werker, Bas J.M., 2016. "The annuity puzzle remains a puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 18-35.
    12. Brown, Jeffrey R. & Kapteyn, Arie & Luttmer, Erzo F.P. & Mitchell, Olivia S. & Samek, Anya, 2019. "Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing," IZA Discussion Papers 12263, IZA Network @ LISER.
    13. Shang Wu & Hazel Bateman & Ralph Stevens & Susan Thorp, 2022. "Flexible insurance for long‐term care: A study of stated preferences," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 823-858, September.
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    1. Butt, Adam & Donald, M. Scott & Foster, F. Douglas & Thorp, Susan & Warren, Geoffrey J., 2018. "One size fits all? Tailoring retirement plan defaults," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 546-566.
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    4. Campbell, John Y. & Tufano, Peter & Madrian, Brigitte C. & Jackson, Howell Edmunds, 2011. "Consumer Financial Protection," Scholarly Articles 9887620, Harvard University Department of Economics.
    5. Massa, Massimo & Simonov, Andrei & Stenkrona, Anders, 2015. "Style representation and portfolio choice," Journal of Financial Markets, Elsevier, vol. 23(C), pages 1-25.
    6. Rauh, Joshua D. & Stefanescu, Irina & Zeldes, Stephen P., 2020. "Cost saving and the freezing of corporate pension plans," Journal of Public Economics, Elsevier, vol. 188(C).
    7. Zhi Da & Borja Larrain & Clemens Sialm & José Tessada, 2016. "Coordinated Noise Trading: Evidence from Pension Fund Reallocations," NBER Working Papers 22161, National Bureau of Economic Research, Inc.
    8. Bazley, William J. & Cici, Gjergji & Liao, Junchao, 2025. "Conflicts of interest among affiliated financial advisors in 401(k) plans: Implications for plan participants," CFR Working Papers 25-03, University of Cologne, Centre for Financial Research (CFR).
    9. Veronika K. Pool & Clemens Sialm & Irina Stefanescu, 2013. "It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans," NBER Working Papers 18764, National Bureau of Economic Research, Inc.
    10. Mauro Mastrogiacomo & Rob Alessie, 2011. "Did you really save so little for your retirement? An analysis of retirement savings and unconventional retirement accounts," CPB Discussion Paper 200, CPB Netherlands Bureau for Economic Policy Analysis.
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    13. Laibson, David I. & Madrian, Brigitte C. & Choi, James J., 2009. "Mental Accounting in Portfolio Choice: Evidence from a Flypaper Effect," Scholarly Articles 4686774, Harvard University Department of Economics.
    14. Michael P. Keane & Susan Thorp, 2016. "Complex Decision Making: The Roles of Cognitive Limitations, Cognitive Decline and Ageing," Economics Papers 2016-W10, Economics Group, Nuffield College, University of Oxford.
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    17. Clemens Sialm & Laura Starks & Hanjiang Zhang, 2015. "Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes," American Economic Review, American Economic Association, vol. 105(5), pages 432-436, May.
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    20. Mathias Kronlund & Veronika K. Pool & Clemens Sialm & Irina Stefanescu, 2020. "Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations," NBER Working Papers 27573, National Bureau of Economic Research, Inc.
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    22. Mitchell, Olivia S. & Keim, Donald B., 2017. "Simplifying choices in defined contribution retirement plan design: A case study," CFS Working Paper Series 573, Center for Financial Studies (CFS).
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    25. Carolina Fugazza & Massimo Guidolin & Giovanna Nicodano, 2015. "Equally Weighted vs. Long†Run Optimal Portfolios," European Financial Management, European Financial Management Association, vol. 21(4), pages 742-789, September.
    26. Ning Tang & Olivia S. Mitchell, 2008. "The Efficiency of Pension Plan Investment Menus: Investment Choices in Defined Contribution Pension Plans," Working Papers wp176, University of Michigan, Michigan Retirement Research Center.
    27. Gerrans, Paul & Yap, Ghialy, 2014. "Retirement savings investment choices: Sophisticated or naive?," Pacific-Basin Finance Journal, Elsevier, vol. 30(C), pages 233-250.
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    30. Mehmet Y. Gürdal & Tolga U. Kuzubaþ & Burak Saltoðlu, 2016. "Measures of Individual Risk Attitudes and Portfolio Choice: Evidence from Pension Participants," Working Papers 2016/02, Bogazici University, Department of Economics.
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    32. Novy-Marx, Robert & Rauh, Joshua D., 2014. "Linking benefits to investment performance in US public pension systems," Journal of Public Economics, Elsevier, vol. 116(C), pages 47-61.
    33. Keane, M.P. & Thorp, S., 2016. "Complex Decision Making," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 661-709, Elsevier.
    34. Thorp, S. & Bateman, H. & Dobrescu, L.I. & Newell, B.R. & Ortmann, A., 2020. "Flicking the switch: Simplifying disclosure to improve retirement plan choices," Journal of Banking & Finance, Elsevier, vol. 121(C).
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    41. Bateman, Hazel & Dobrescu, Loretti I. & Newell, Ben R. & Ortmann, Andreas & Thorp, Susan, 2016. "As easy as pie: How retirement savers use prescribed investment disclosures," Journal of Economic Behavior & Organization, Elsevier, vol. 121(C), pages 60-76.
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    Cited by:

    1. John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," NBER Working Papers 16728, National Bureau of Economic Research, Inc.
    2. Brown, Jeffrey R. & Weisbenner, Scott J., 2014. "Why do individuals choose defined contribution plans? Evidence from participants in a large public plan," Journal of Public Economics, Elsevier, vol. 116(C), pages 35-46.
    3. Ximena Quintanilla, 2011. "Did Chileans Maximize Pensions when Choosing between PAYG and DC?," Working Papers 46, Superintendencia de Pensiones, revised Sep 2011.
    4. John Chalmers & Jonathan Reuter, 2012. "Is Conflicted Investment Advice Better than No Advice?," NBER Working Papers 18158, National Bureau of Economic Research, Inc.
    5. Matthew M. Chingos & Martin R. West, 2015. "Which Teachers Choose a Defined Contribution Pension Plan? Evidence from the Florida Retirement System," Education Finance and Policy, MIT Press, vol. 10(2), pages 193-222, March.
    6. Shlomo Benartzi & Alessandro Previtero & Richard H. Thaler, 2011. "Annuitization Puzzles," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 143-164, Fall.
    7. Shlomo Benartzi & Richard Thaler, 2007. "Heuristics and Biases in Retirement Savings Behavior," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 81-104, Summer.
    8. Brown, Jeffrey R. & Farrell, Anne M. & Weisbenner, Scott J., 2016. "Decision-making approaches and the propensity to default: Evidence and implications," Journal of Financial Economics, Elsevier, vol. 121(3), pages 477-495.
    9. Gopi Shah Goda & Colleen Flaherty Manchester, 2013. "Incorporating Employee Heterogeneity into Default Rules for Retirement Plan Selection," Journal of Human Resources, University of Wisconsin Press, vol. 48(1), pages 198-235.
    10. Kendra Strauss, 2009. "Cognition, Context, and Multimethod Approaches to Economic Decision Making," Environment and Planning A, , vol. 41(2), pages 302-317, February.

  26. Jeffrey R. Brown & Zoran Ivkovich & Paul A. Smith & Scott Weisbenner, 2007. "Neighbors Matter: Causal Community Effects and Stock Market Participation," NBER Working Papers 13168, National Bureau of Economic Research, Inc.

    Cited by:

    1. Huang, Shiyang & Hwang, Byoung-Hyoun & Lou, Dong, 2021. "The rate of communication," LSE Research Online Documents on Economics 105870, London School of Economics and Political Science, LSE Library.
    2. Alan D. Crane & Andrew Koch & Leming Lin, 2024. "Real Effects of Markets on Politics: Evidence from US Presidential Elections," American Economic Review: Insights, American Economic Association, vol. 6(1), pages 73-88, March.
    3. Xiaobo Xu & Jiali Fang & Martin Young & Liping Zou, 2024. "The impact of post‐retirement financial market participation on retirement income sufficiency in Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 903-939, March.
    4. Flynn, Sean & Wang, Jing, 2025. "Social connections and bank deposits," Journal of Banking & Finance, Elsevier, vol. 178(C).
    5. Pruijssers, Jorien Louise & Singer, Gallia & Singer, Zvi & Tsang, Desmond, 2023. "Social influence pressures and the risk preferences of aspiring financial market professionals," Journal of Accounting Education, Elsevier, vol. 62(C).
    6. Ying Wang & Jing Zhao, 2015. "Hedge Funds and Corporate Innovation," Financial Management, Financial Management Association International, vol. 44(2), pages 353-385, June.
    7. Haozhe Han, 2023. "Does increasing the QFII quota promote Chinese institutional investors to drive ESG?," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 30(6), pages 1627-1643, November.
    8. Gangwar, Rachna & Singh, Ritvik, 2018. "Analyzing Factors Affecting Financial Literacy and its Impact on Investment Behavior among Adults in India," MPRA Paper 89452, University Library of Munich, Germany.
    9. Vicki L. Bogan & David R. Just & Brian Wansink, 2013. "Do Psychological Shocks Affect Financial Risk Taking Behavior? A Study Of U.S. Veterans," Contemporary Economic Policy, Western Economic Association International, vol. 31(3), pages 457-467, July.
    10. Pantzalis, Christos & Park, Jung Chul, 2014. "Too close for comfort? Geographic propinquity to political power and stock returns," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 57-78.
    11. Laetitia Pozniak & Chantal Scoubeau, 2017. "Understanding Belgian Individual Investors," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 8(7), pages 154-160, November.
    12. Fleck, Johannes & Monninger, Adrian, 2020. "Culture and portfolios: trust, precautionary savings and home ownership," Working Paper Series 2457, European Central Bank.
    13. Dung V. Tran & M. Kabir Hassan & Isabelle Girerd‐Potin & Pascal Louvet, 2020. "Activity Strategies, Agency Problems, And Bank Risk," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 43(3), pages 575-613, August.
    14. Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C., 2017. "Does front-loading taxation increase savings? Evidence from Roth 401(k) introductions," Journal of Public Economics, Elsevier, vol. 151(C), pages 84-95.
    15. Werner Boente & Ute Filipiak, 2011. "Financial Investments, Information Flows, and Caste Affiliation - Empirical Evidence from India," Schumpeter Discussion Papers sdp11014, Universitätsbibliothek Wuppertal, University Library.
    16. Korniotis, George & Bonaparte, Yosef & Kumar, Alok, 2020. "Income Risk and Stock Market Entry/Exit Decisions," CEPR Discussion Papers 15370, Centre for Economic Policy Research.
    17. Altundere, Merve Büşra, 2014. "The Relationship Between Sociability and Household Debt," MPRA Paper 90617, University Library of Munich, Germany.
    18. Astebro, Thomas & Fernández, Manuel & Cadena-Silva, Carlos & Vulkan, Nir, 2020. "Herding in Equity Crowdfunding," Working papers 34, Red Investigadores de Economía.
    19. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2023. "Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap," Working Papers 332, Princeton University, Department of Economics, Center for Economic Policy Studies..
    20. Carosi, Andrea, 2016. "Do local causations matter? The effect of firm location on the relations of ROE, R&D, and firm SIZE with MARKET-TO-BOOK," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 388-409.
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    22. Goldbaum, David, 2021. "The origins of influence," Economic Modelling, Elsevier, vol. 97(C), pages 380-396.
    23. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    24. Robert Faff & Tribeni Lodh & Jerry Pawada, 2012. "Location Decisions of Domestic and Foreign-Affiliated Financial Advisors: Australian Evidence," Journal of Financial Services Research, Springer;Western Finance Association, vol. 42(3), pages 207-228, December.
    25. Chen, Hailiang & Hwang, Byoung-Hyoun, 2022. "Listening in on investors’ thoughts and conversations," Journal of Financial Economics, Elsevier, vol. 145(2), pages 426-444.
    26. van Rooij, Maarten & Lusardi, Annamaria & Alessie, Rob J. M., 2007. "Financial literacy and stock market participation," CFS Working Paper Series 2007/27, Center for Financial Studies (CFS).
    27. Jaspers, Esther, 2018. "Opening up on consumer materialism," Other publications TiSEM a21cb1c8-5af1-46cc-9ea0-a, Tilburg University, School of Economics and Management.
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    29. Akter, Maimuna & Cumming, Douglas & Ji, Shan, 2023. "Natural disasters and market manipulation," Journal of Banking & Finance, Elsevier, vol. 153(C).
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    32. John Garcia, 2024. "Herding the crowds: how sentiment affects crowdsourced earnings estimates," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 38(3), pages 331-370, September.
    33. Georgarakos, Dimitris & Haliassos, Michael & Pasini, Giacomo, 2012. "Household debt and social interactions," CFS Working Paper Series 2012/05, Center for Financial Studies (CFS).
    34. Hermansson, Cecilia & Jonsson, Sara & Liu, Lu, 2021. "The medium is the message: learning channels, financial literacy, and stock market participation," Working Paper Series 21/1, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance, revised 28 Jun 2021.
    35. Cai, Xiqian & Cheng, Zhengquan & Li, Dongxu, 2024. "Balancing against geopolitical risk: Household investment portfolios during the U.S.-China trade war," Finance Research Letters, Elsevier, vol. 66(C).
    36. Tran, Dung Viet & Kabir Hassan, M. & Houston, Reza, 2019. "How does listing status affect bank risk? The effects of crisis, market discipline and regulatory pressure on listed and unlisted BHCs," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 85-103.
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    38. Sarah Brown & Pulak Ghosh & Karl Taylor, 2016. "Household Finances and Social Interaction: Bayesian Analysis of Household Panel Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(3), pages 467-488, September.
    39. Binod Guragai & S. Drew Peabody, 2018. "Demographic Factors Affecting U.S. Households¡¯ Investment in Stocks," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(4), pages 112-122, April.
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    41. Hirshleifer, David & Teoh, Siew Hong, 2008. "Thought and Behavior Contagion in Capital Markets," MPRA Paper 9164, University Library of Munich, Germany.
    42. Qingyan Shang, 2014. "Endogenous neighborhood effects on welfare participation," Empirical Economics, Springer, vol. 47(2), pages 639-667, September.
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    46. Mertzanis, Charilaos & Basuony, Mohamed A.K. & Mohamed, Ehab K.A., 2019. "Social institutions, corporate governance and firm-performance in the MENA region," Research in International Business and Finance, Elsevier, vol. 48(C), pages 75-96.
    47. Kleiner, Kristoph & Stoffman, Noah & Yonker, Scott E., 2021. "Friends with bankruptcy protection benefits," Journal of Financial Economics, Elsevier, vol. 139(2), pages 578-605.
    48. Blaurock, Ivonne & Schmitt, Noemi & Westerhoff, Frank, 2018. "Market entry waves and volatility outbursts in stock markets," Journal of Economic Behavior & Organization, Elsevier, vol. 153(C), pages 19-37.
    49. Pantzalis, Christos & Park, Jung Chul & Wang, Pinshuo, 2025. "Noise trader clusters and market efficiency," Journal of Behavioral and Experimental Finance, Elsevier, vol. 45(C).
    50. Bing Han & David Hirshleifer & Johan Walden, 2019. "Visibility Bias in the Transmission of Consumption Beliefs and Undersaving," NBER Working Papers 25566, National Bureau of Economic Research, Inc.
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    52. Solomon, David H. & Soltes, Eugene & Sosyura, Denis, 2014. "Winners in the spotlight: Media coverage of fund holdings as a driver of flows," Journal of Financial Economics, Elsevier, vol. 113(1), pages 53-72.
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    56. Kumar, Alok & Page, Jeremy K. & Spalt, Oliver G., 2011. "Religious beliefs, gambling attitudes, and financial market outcomes," Journal of Financial Economics, Elsevier, vol. 102(3), pages 671-708.
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    58. Qi Chen & William J. Mayew & Huihao Yan, 2024. "Equity analyst social interactions and geographic information transmission," Review of Accounting Studies, Springer, vol. 29(1), pages 327-353, March.
    59. Døskeland, Trond & Martuza, Jareef Bin & Pedersen, Lars Jacob Tynes & Santos, Francisco & Sjåstad, Hallgeir & Thorbjørnsen, Helge, 2025. "The role of social norms in retirement saving: Evidence from two natural field experiments," Journal of Business Research, Elsevier, vol. 190(C).
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    61. Ng, Adam & Ibrahim, Mansor H. & Mirakhor, Abbas, 2016. "Does trust contribute to stock market development?," Economic Modelling, Elsevier, vol. 52(PA), pages 239-250.
    62. Goldstein, Itay & Xiong, Yan & Yang, Liyan, 2025. "Information sharing in financial markets," Journal of Financial Economics, Elsevier, vol. 163(C).
    63. Pelster, Matthias, 2019. "Attracting attention from peers: Excitement in social trading," Journal of Economic Behavior & Organization, Elsevier, vol. 161(C), pages 158-179.
    64. Chen, Bo & Zeng, Ning & Tam, Kwo Ping, 2024. "Do social networks affect household financial vulnerability? Evidence from China," Finance Research Letters, Elsevier, vol. 59(C).
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    1. Antoine Bommier, Francois Le Grand, "undated". "Too Risk Averse to Purchase Insurance? A Theoretical Glance at the Annuity Puzzle," Working Papers ETH-RC-12-002, ETH Zurich, Chair of Systems Design.
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    5. Butler, Monika & Staubli, Stefan & ,, 2008. "The Role of the Annuity's Value on the Decision (Not) to Annuitize: Evidence from a Large Policy Change," CEPR Discussion Papers 6930, Centre for Economic Policy Research.
    6. Bockweg, Christian & Ponds, Eduard & Steenbeek, O.W. & Vonken, Joyce, 2016. "Framing and the Annuitization Decision : Experimental Evidence from a Dutch Pension Fund," Other publications TiSEM 92cb5865-3759-4017-abd2-5, Tilburg University, School of Economics and Management.
    7. Jeffrey R. Brown & Jeffrey R. Kling & Sendhil Mullainathan & Marian V. Wrobel, 2008. "Why Don't People Insure Late Life Consumption: A Framing Explanation of the Under-Annuitization Puzzle," NBER Working Papers 13748, National Bureau of Economic Research, Inc.
    8. John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," NBER Working Papers 16728, National Bureau of Economic Research, Inc.
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    42. Peijnenburg, J.M.J. & Nijman, T.E. & Werker, B.J.M., 2010. "Optimal Annuitization with Incomplete Annuity Markets and Background Risk During Retirement," Discussion Paper 2010-11, Tilburg University, Center for Economic Research.
    43. Wang, Ting & Young, Virginia R., 2012. "Optimal commutable annuities to minimize the probability of lifetime ruin," Insurance: Mathematics and Economics, Elsevier, vol. 50(1), pages 200-216.
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    45. Giovanna Apicella & Enrico G. De Giorgi, 2024. "A behavioral gap in survival beliefs," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 91(1), pages 213-247, March.
    46. Cormac O'Dea & David Sturrock, 2019. "Survival pessimism and the demand for annuities," IFS Working Papers W19/02, Institute for Fiscal Studies.
    47. Maier, Andreas, 2010. "Immobilienverzehrprodukte: Potenzielle Profiteure und Nachfragehemmnisse," Thuenen-Series of Applied Economic Theory 115, University of Rostock, Institute of Economics.
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    50. Shlomo Benartzi & Alessandro Previtero & Richard H. Thaler, 2011. "Annuitization Puzzles," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 143-164, Fall.
    51. Ameriks, John & Briggs, Joseph & Caplin, Andrew & Shapiro, Matthew D. & Tonetti, Christopher, 2016. "Late-in-Life Risks and the Under-Insurance Puzzle," Research Papers 3485, Stanford University, Graduate School of Business.
    52. Fang, H., 2016. "Insurance Markets for the Elderly," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 237-309, Elsevier.
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    54. Wei Sun & Teresa Ghilarducci & Michael Papadopoulos & Anthony Webb, 2019. "The Impact of a Social Security Proposal for "Catch-Up" Contributions," SCEPA working paper series. 2019-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
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    73. Lambregts, Timo R. & Schut, Frederik T., 2020. "Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    74. Lee Lockwood, 2012. "Bequest Motives and the Annuity Puzzle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 226-243, April.

  28. Jeffrey R. Brown, 2007. "Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation," NBER Working Papers 13438, National Bureau of Economic Research, Inc.

    Cited by:

    1. David A. Love & Paul A. Smith & David W. Wilcox, 2009. "Should risky firms offer risk-free DB pensions?," Finance and Economics Discussion Series 2009-20, Board of Governors of the Federal Reserve System (U.S.).
    2. Tabassum, Tanjila & Ulm, Eric R., 2020. "Influences on Sponsor Voluntary Contributions to Defined Benefit Pension Plans in the US," Working Paper Series 21100, Victoria University of Wellington, School of Economics and Finance.
    3. Chen, An & Uzelac, Filip, 2014. "A risk-based premium: What does it mean for DB plan sponsors?," Insurance: Mathematics and Economics, Elsevier, vol. 54(C), pages 1-11.
    4. Efraim Benmelech & Nittai K. Bergman & Ricardo Enriquez, 2011. "Negotiating with Labor Under Financial Distress," NBER Working Papers 17192, National Bureau of Economic Research, Inc.
    5. Haitao Yin & Howard Kunreuther & Matthew W. White, 2011. "Risk-Based Pricing and Risk-Reducing Effort: Does the Private Insurance Market Reduce Environmental Accidents?," Journal of Law and Economics, University of Chicago Press, vol. 54(2), pages 325-363.
    6. Almaghrabi, Khadija S., 2023. "Non‐operating risk and cash holdings: Evidence from pension risk," Journal of Banking & Finance, Elsevier, vol. 152(C).
    7. Guan, Yanling & Tang, Dragon Yongjun, 2018. "Employees' risk attitude and corporate risk taking: Evidence from pension asset allocations," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 261-274.
    8. Sven Klingler & Suresh Sundaresan & Michael Moran, 2026. "Corporate Pension Risk Transfers," Management Science, INFORMS, vol. 72(5), pages 3740-3760, May.
    9. Romaniuk, Katarzyna, 2021. "Pension insurance schemes and moral hazard: The Pension Benefit Guaranty Corporation should restrict the insured pension plans’ portfolio policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 37-43.
    10. Haitao Yin & Howard Kunreuther & Matthew White, 2009. "Risk-Based Pricing and Risk-Reducing Effort: Does the Private Insurance Market Reduce Environmental Accidents?," NBER Working Papers 15100, National Bureau of Economic Research, Inc.
    11. Jeffrey R. Brown & Robert Clark & Joshua Rauh, 2011. "The Economics of State and Local Public Pensions," NBER Working Papers 16792, National Bureau of Economic Research, Inc.
    12. Cory Koedel & Shawn Ni & Michael Podgursky, 2014. "Who Benefits from Pension Enhancements?," Education Finance and Policy, MIT Press, vol. 9(2), pages 165-192, March.
    13. Mario Jametti, 2008. "Underfunding of Defined Benefit Pension Plans and Benefit Guarantee Insurance: An Overview of Theory and Evidence," Canadian Public Policy, University of Toronto Press, vol. 34(s1), pages 39-46, November.
    14. Jules H. van Binsbergen & Robert Novy-Marx & Joshua Rauh, 2014. "Financial Valuation of PBGC Insurance with Market-Implied Default Probabilities," Tax Policy and the Economy, University of Chicago Press, vol. 28(1), pages 133-154.
    15. Thomas Crossley & Mario Jametti, 2008. "Pension Benefit Insurance and Pension Plan Portfolio Choice," Working Papers 2008_05, York University, Department of Economics.
    16. Vincent Touzé, 2011. "Le financement des retraites aux États-Unis," Post-Print hal-03461438, HAL.
    17. Surendranath Rakesh Jory & Thanh Ngo & Hongxia Wang, 2025. "Defined‐benefit pension plan funding: Does managerial ability matter?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1497-1531, June.
    18. Chen, An, 2011. "A risk-based model for the valuation of pension insurance," Insurance: Mathematics and Economics, Elsevier, vol. 49(3), pages 401-409.
    19. Love, David A. & Smith, Paul A. & Wilcox, David W., 2011. "The effect of regulation on optimal corporate pension risk," Journal of Financial Economics, Elsevier, vol. 101(1), pages 18-35, July.
    20. Gaobo Pang & Mark Warshawsky, 2013. "Comparing Costs and Risks of Retirement Plans for Sponsors," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 16(2), pages 195-217, September.
    21. Qian, Linyi & Shen, Yang & Wang, Wei & Yang, Zhixin, 2019. "Valuation of risk-based premium of DB pension plan with terminations," Insurance: Mathematics and Economics, Elsevier, vol. 86(C), pages 51-63.

  29. Jeffrey R. Brown & Norma B. Coe & Amy Finkelstein, 2006. "Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey," NBER Working Papers 12536, National Bureau of Economic Research, Inc.

    Cited by:

    1. Joan Costa-i-Font & Christophe Courbage, 2014. "Crowding Out of Long-Term Care Insurance: Evidence from European Expectations Data," CESifo Working Paper Series 4910, CESifo.
    2. Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," Working Papers halshs-00676492, HAL.
    3. Lin, Haizhen & Prince, Jeffrey, 2013. "The impact of the partnership long-term care insurance program on private coverage," Journal of Health Economics, Elsevier, vol. 32(6), pages 1205-1213.
    4. Courtemanche, Charles & He, Daifeng, 2009. "Tax incentives and the decision to purchase long-term care insurance," Journal of Public Economics, Elsevier, vol. 93(1-2), pages 296-310, February.
    5. Tennyson, Sharon & Yang, Hae Kyung, 2014. "The role of life experience in long-term care insurance decisions," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 175-188.
    6. R. Tamara Konetzka & Daifeng He & Jing Dong & John A. Nyman, 2019. "Moral hazard and long-term care insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 231-251, April.
    7. Junhao Liu & Anita Mukherjee, 2021. "Medicaid and long‐term care: The effects of penalizing strategic asset transfers," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 53-77, March.
    8. Coe, Norma B. & Skira, Meghan M. & Van Houtven, Courtney Harold, 2015. "Long-term care insurance: Does experience matter?," Journal of Health Economics, Elsevier, vol. 40(C), pages 122-131.
    9. Gary V. Engelhardt & Nadia Greenhalgh-Stanley, 2008. "Public Long-Term Care Insurance and the Housing and Living Arrangements of the Elderly: Evidence from Medicare Home Health Benefits," Working Papers, Center for Retirement Research at Boston College wp2008-15, Center for Retirement Research, revised Dec 2008.
    10. Jeffrey R. Brown & Amy Finkelstein, 2009. "The Private Market for Long‐Term Care Insurance in the United States: A Review of the Evidence," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 5-29, March.
    11. Patrick Meyer & Grégory Ponthière, 2016. "Human Lifetime Entropy in a Historical Perspective (1750-2014)," PSE Working Papers halshs-01409679, HAL.
    12. Long Xia & Lulu Chai & Hanyu Zhang & Zhaohui Sun, 2022. "Mapping the Global Landscape of Long-Term Care Insurance Research: A Scientometric Analysis," IJERPH, MDPI, vol. 19(12), pages 1-19, June.
    13. Helmuth Cremer & Pierre Pestieau, 2009. "Securing Long-term Care in the EU: Some Key Issues," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(04), pages 8-11, January.
    14. Joan Costa-i-Font & Christophe Courbage & Katherine Swartz, 2014. "Financing Long-Term Care: Ex-ante, Ex-post or Both?," CESifo Working Paper Series 5104, CESifo.
    15. Casper H. de Jong, 2021. "Risk classification and the balance of information in insurance; an alternative interpretation of the evidence," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 24(4), pages 445-461, December.
    16. Haizhen Lin & Jeffrey T. Prince, 2012. "The Impact of the Partnership Long-term Care Insurance Program on Private Coverage and Medicaid Expenditures," Working Papers 2012-01, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    17. Markus Fels, 2020. "On the value of Medicaid in providing access to long‐term care," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(4), pages 933-948, August.
    18. Katerina Gousia, 2023. "Cognitive abilities and long-term care insurance: evidence from European data," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(1), pages 68-101, January.
    19. Mariacristina De Nardi & Eric French & John Bailey Jones, 2012. "Medicaid insurance in old age," Working Paper Series WP-2012-13, Federal Reserve Bank of Chicago.
    20. Gastón Illanes & Manisha Padi, 2019. "Retirement Policy and Annuity Market Equilibria: Evidence from Chile," NBER Working Papers 26285, National Bureau of Economic Research, Inc.
    21. Krueger, Dirk & Perri, Fabrizio, 2011. "Public versus private risk sharing," Journal of Economic Theory, Elsevier, vol. 146(3), pages 920-956, May.
    22. Engelhardt, Gary V. & Greenhalgh-Stanley, Nadia, 2010. "Home health care and the housing and living arrangements of the elderly," Journal of Urban Economics, Elsevier, vol. 67(2), pages 226-238, March.
    23. Wagner, Kathryn L., 2015. "Medicaid expansions for the working age disabled: Revisiting the crowd-out of private health insurance," Journal of Health Economics, Elsevier, vol. 40(C), pages 69-82.
    24. Marie-Louise Leroux & Grégory Ponthiere, 2016. "Nursing Home Choice, Family Bargaining and Optimal Policy in a Hotelling Economy," Cahiers de recherche 1604, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    25. Jeffrey R. Brown & Amy Finkelstein, 2011. "Insuring Long-Term Care in the United States," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 119-142, Fall.
    26. Daniel Gottlieb & Olivia S. Mitchell, 2015. "Narrow Framing and Long-Term Care Insurance," NBER Working Papers 21048, National Bureau of Economic Research, Inc.
    27. He, Alex Jingwei & Qian, Jiwei & Chan, Wai-sum & Chou, Kee-lee, 2021. "Preferences for private long-term care insurance products in a super-ageing society: A discrete choice experiment in Hong Kong," Social Science & Medicine, Elsevier, vol. 270(C).
    28. Lara Gardner & Donna B. Gilleskie, 2012. "The Effects of State Medicaid Policies on the Dynamic Savings Patterns and Medicaid Enrollment of the Elderly," Journal of Human Resources, University of Wisconsin Press, vol. 47(4), pages 1082-1127.
    29. James Banks & Jeremy McCauley & Eric French, 2023. "Long-Term Care in England," NBER Chapters, in: Long-Term Care around the World, pages 107-139, National Bureau of Economic Research, Inc.
    30. Greenhalgh-Stanley, Nadia, 2012. "Medicaid and the housing and asset decisions of the elderly: Evidence from estate recovery programs," Journal of Urban Economics, Elsevier, vol. 72(2), pages 210-224.
    31. Goda, Gopi Shah, 2011. "The impact of state tax subsidies for private long-term care insurance on coverage and Medicaid expenditures," Journal of Public Economics, Elsevier, vol. 95(7), pages 744-757.
    32. Unruh Mark A. & Stevenson David G. & Frank Richard G. & Cohen Marc A. & Grabowski David C., 2016. "Demand-Side Factors Associated with the Purchase of Long-Term Care Insurance," Forum for Health Economics & Policy, De Gruyter, vol. 19(1), pages 23-43, June.
    33. Caruso Bloeck, Martín & Galiani, Sebastian & Ibarrarán, Pablo, 2017. "Long-Term Care in Latin America and the Caribbean? Theory and Policy Considerations," IZA Discussion Papers 11035, IZA Network @ LISER.
    34. Wagner, Kathryn L., 2016. "Shock, but no shift: Hospitals' responses to changes in patient insurance mix," Journal of Health Economics, Elsevier, vol. 49(C), pages 46-58.
    35. Martin Eling & Omid Ghavibazoo, 2019. "Research on long-term care insurance: status quo and directions for future research," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 303-356, April.
    36. Gabriel, Stuart A. & Rosenthal, Stuart S., 2010. "Do the GSEs expand the supply of mortgage credit? New evidence of crowd out in the secondary mortgage market," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 975-986, December.
    37. Mommaerts, Corina, 2018. "Are coresidence and nursing homes substitutes? Evidence from Medicaid spend-down provisions," Journal of Health Economics, Elsevier, vol. 59(C), pages 125-138.
    38. Fels, Markus, 2016. "When the affordable has no value, and the valuable is unaffordable: The U.S. market for long-term care insurance and the role of Medicaid," Working Paper Series in Economics 84, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    39. Jeffrey Brown & Amy Finkelstein, 2011. "Insuring Long Term Care In the US," NBER Working Papers 17451, National Bureau of Economic Research, Inc.
    40. Pestieau, Pierre & Ponthiere, Gregory, 2016. "The public economics of long term care," CEPR Discussion Papers 11365, Centre for Economic Policy Research.
    41. Thomas Buchmueller & John C. Ham & Lara D. Shore-Sheppard, 2015. "The Medicaid Program," NBER Chapters, in: Economics of Means-Tested Transfer Programs in the United States, Volume 1, pages 21-136, National Bureau of Economic Research, Inc.
    42. Wagner Kathryn L., 2021. "Public Health Insurance and Impacts on Crime Incidences and Mental Health," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 21(2), pages 469-510, April.
    43. Lambregts, Timo R. & Schut, Frederik T., 2020. "Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).

  30. Jeffrey R. Brown & Courtney C. Coile & Scott J. Weisbenner, 2006. "The Effect of Inheritance Receipt on Retirement," NBER Working Papers 12386, National Bureau of Economic Research, Inc.

    Cited by:

    1. Martina Eschelbach, 2011. "Labor supply after normal retirement age in Germany – A fourth pillar of retirement income?," Working Papers 106, Bavarian Graduate Program in Economics (BGPE).
    2. Stark, Oded & Nicinska, Anna, 2015. "How inheriting affects bequest plans," University of Tübingen Working Papers in Business and Economics 86, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    3. Amparo Nagore García & Mariacristina Rossi & Arthur Soest, 2021. "Retirement of the self-employed in the Netherlands," Small Business Economics, Springer, vol. 56(1), pages 385-402, January.
    4. Erlend E. Bø & Elin Halvorsen & Thor O. Thoresen, 2016. "Heterogeneity of the Carnegie Effect," Discussion Papers 853, Statistics Norway, Research Department.
    5. Doorley, Karina & Pestel, Nico, 2016. "Labour Supply after Inheritances and the Role of Expectations," IZA Discussion Papers 9822, IZA Network @ LISER.
    6. Begley, Jaclene, 2017. "Legacies of homeownership: Housing wealth and bequests," Journal of Housing Economics, Elsevier, vol. 35(C), pages 37-50.
    7. Fu, Shihe & Liao, Yu & Zhang, Junfu, 2015. "The effect of housing wealth on labor force participation: evidence from China," MPRA Paper 69559, University Library of Munich, Germany, revised 15 Feb 2016.
    8. Wojciech Kopczuk, 2012. "Taxation of Intergenerational Transfers and Wealth," NBER Working Papers 18584, National Bureau of Economic Research, Inc.
    9. Niizeki, Takeshi & Hori, Masahiro, 2019. "The effect of inheritance receipt on individual labor supply: Evidence from Japanese microdata," Japan and the World Economy, Elsevier, vol. 49(C), pages 176-186.
    10. Mikhail Golosov & Michael Graber & Magne Mogstad & David Novgorodsky, 2021. "How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income," NBER Working Papers 29000, National Bureau of Economic Research, Inc.
    11. Xiaoguang Ling, 2022. "Heterogeneous earning responses to inheritance: new event-study evidence from Norway," Papers 2209.10256, arXiv.org, revised Nov 2022.
    12. Hui Shan, 2008. "Property taxes and elderly labor supply," Finance and Economics Discussion Series 2008-51, Board of Governors of the Federal Reserve System (U.S.).
    13. Ignacio Belloc & José Alberto Molina & Jorge Velilla, 2025. "Unexpected Inheritances and Household Labor Supply: Does the Identity of the Recipient Matter?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 71(1), February.
    14. Xuecun Zhao & Yanrong Liu, 2022. "Effects of housing demolition on labor supply: Evidence from China," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1663-1692, August.
    15. van Huizen, Thomas, 2014. "More wealth, shorter hours? Evidence from the Netherlands," Economics Letters, Elsevier, vol. 125(2), pages 323-326.
    16. Moulton, Jeremy Grant & Stevens, Ann Huff, 2015. "Reconsidering the Social Security Notch and retirement: Wealth and incentive effects," Economics Letters, Elsevier, vol. 132(C), pages 65-68.
    17. Andreas Eder, 2016. "The impact of inheritances on the retirement behavior of older Europeans," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(2), pages 299-331, May.
    18. NAGORE GARCIA Amparo & ROSSI Cristina & VAN SOEST Arthur, 2018. "Labour Market Decisions of the Self-Employed in the Netherlands at the Statutory Retirement Age," LISER Working Paper Series 2018-13, Luxembourg Institute of Socio-Economic Research (LISER).
    19. Elinder Mikael & Erixson Oscar & Ohlsson Henry, 2012. "The Impact of Inheritances on Heirs' Labor and Capital Income," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-37, December.
    20. Blau, David M. & Goodstein, Ryan, 2016. "Commitment in the Household: Evidence from the Effect of Inheritances on the Labor Supply of Older Married Couples," IZA Discussion Papers 10059, IZA Network @ LISER.
    21. Elinder, Mikael & Erixson, Oscar & Waldenström, Daniel, 2018. "Inheritance and wealth inequality: Evidence from population registers," Journal of Public Economics, Elsevier, vol. 165(C), pages 17-30.
    22. Koeniger, Winfried & Zanella, Carlo, 2022. "Opportunity and inequality across generations," Journal of Public Economics, Elsevier, vol. 208(C).
    23. Luc Arrondel & Laurent Soulat, 2022. "Patrimoine et âge envisagé de départ à la retraite," PSE Working Papers halshs-03855533, HAL.
    24. Sebastian Becker & Hermann Buslei & Johannes Geyer & Peter Haan, 2023. "The effect of pension wealth on employment," IFS Working Papers W23/01, Institute for Fiscal Studies.
    25. Charles Yuji Horioka & Emin Gahramanov & Aziz Hayat & Xueli Tang, 2019. "The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis," Discussion Paper Series DP2019-26, Research Institute for Economics & Business Administration, Kobe University.
    26. Jiang, Xiandeng & Zhao, Ningru & Pan, Zheng, 2022. "Regional housing wealth, relative housing wealth and labor market behavior," Journal of Housing Economics, Elsevier, vol. 55(C).
    27. Angelini, Viola & Costa-Font, Joan, 2023. "Health and Wellbeing Spillovers of a Partner's Cancer Diagnosis," IZA Discussion Papers 16209, IZA Network @ LISER.
    28. Elizabeth Weber Handwerker, 2011. "Delaying Retirement to Pay for College," ILR Review, Cornell University, ILR School, vol. 64(5), pages 921-948, October.
    29. John Pencavel, 2016. "Whose Preferences Are Revealed In Hours Of Work?," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 9-24, January.
    30. Kindermann, Fabian & Mayr, Lukas & Sachs, Dominik, 2020. "Inheritance taxation and wealth effects on the labor supply of heirs," Journal of Public Economics, Elsevier, vol. 191(C).
    31. Crawford, Rowena, 2013. "The effect of the financial crisis on the retirement plans of older workers in England," Economics Letters, Elsevier, vol. 121(2), pages 156-159.
    32. Deniz Nebioglu & Ayca Ebru Giritligil, 2018. "Wealth Effects and Labor Supply: An Experimental Study," BELIS Working Papers 2018-01, BELIS, Istanbul Bilgi University.
    33. Renata Bottazzi & Serena Trucchi & Matthew Wakefield, 2021. "Labour supply responses to financial wealth shocks: evidence from Italy," Fiscal Studies, John Wiley & Sons, vol. 42(2), pages 291-317, June.
    34. Charles Yuji Horioka, 2025. "Bequests," Discussion Paper Series DP2025-14, Research Institute for Economics & Business Administration, Kobe University.
    35. David Powell, 2020. "Does Labor Supply Respond to Transitory Income? Evidence from the Economic Stimulus Payments of 2008," Journal of Labor Economics, University of Chicago Press, vol. 38(1), pages 1-38.
    36. Belloc, Ignacio & Molina, José Alberto & Velilla, Jorge, 2025. "When wealth hurts: Inheritances and the health of older Europeans," The Journal of the Economics of Ageing, Elsevier, vol. 32(C).
    37. Karagiannaki, Eleni, 2017. "The impact of inheritance on the distribution of wealth: evidence from Great Britain," LSE Research Online Documents on Economics 62622, London School of Economics and Political Science, LSE Library.
    38. Crusius, Tobias L. & von Werder, Marten, 2017. "The affluency to quit: How inheritances affect retirement plannings," Discussion Papers 2017/24, Free University Berlin, School of Business & Economics.
    39. Horioka, Charles Yuji & Gahramanov, Emin & Hayat, Aziz & Tang, Xueli, 2021. "The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis," Journal of the Japanese and International Economies, Elsevier, vol. 62(C).
    40. Stefania Basiglio & Mariacristina Rossi & Arthur van Soest, 2019. "Subjective Inheritance Expectations and Economic Outcomes," Working papers 062, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    41. Andrew M. Parker & Leandro S. Carvalho & Susann Rohwedder, 2013. "Cognitive Ability, Expectations, and Beliefs about the Future: Psychological Influences on Retirement Decisions," Working Papers wp298, University of Michigan, Michigan Retirement Research Center.
    42. Schratzenstaller, Margit, 2025. "Behavioral responses to inheritance taxation – A review of the empirical literature," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 238-260.
    43. Noha Farrag & Hebatallah Ghoneim, 2016. "Challenges to the Development of an Islamic Economic System," Working Papers 42, The German University in Cairo, Faculty of Management Technology.
    44. Serena Trucchi & Elsa Fornero & Mariacristina Rossi, 2018. "Retirement rigidities and the gap between effective and desired labour supply by older workers," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-19, December.
    45. Gopi Shah Goda & John B. Shoven & Sita Nataraj Slavov, 2010. "Does Stock Market Performance Influence Retirement Intentions?," NBER Working Papers 16211, National Bureau of Economic Research, Inc.
    46. von Werder, Marten, 2018. "Intergenerational transfers: How do they shape the German wealth distribution?," Discussion Papers 2018/15, Free University Berlin, School of Business & Economics.
    47. Lorenzo Burlon & Montserrat Vilalta-Buf�, 2014. "Technical progress, retraining cost and early retirement," Temi di discussione (Economic working papers) 963, Bank of Italy, Economic Research and International Relations Area.
    48. Vo?ková, Hana & van Soest, Arthur, 2009. "How Sensitive Are Retirement Decisions to Financial Incentives: A Stated Preference Analysis," IZA Discussion Papers 4505, IZA Network @ LISER.
    49. Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2007. "Cross-border returns differentials," Globalization Institute Working Papers 04, Federal Reserve Bank of Dallas.
    50. Georgarakos, Dimitris & Jappelli, Tullio & Kenny, Geoff & Pistaferri, Luigi, 2025. "Labor supply response to windfall gains," Journal of Public Economics, Elsevier, vol. 250(C).
    51. Pesner, Matthew, 2024. "Public pensions and retirement: Evidence from the Railroad Retirement Act," Journal of Public Economics, Elsevier, vol. 238(C).
    52. Koç, E., 2015. "Job Finding, Job Loss and Consumption Behaviour," Discussion Paper 2015-015, Tilburg University, Center for Economic Research.
    53. Matteo Picchio & Sigrid Suetens & Jan C. van Ours, 2018. "Labour Supply Effects of Winning a Lottery," Economic Journal, Royal Economic Society, vol. 128(611), pages 1700-1729, June.
    54. Julio López-Laborda & Jaime Vallés-Giménez & Anabel Zarate-Marco, 2024. "Algo más que “tapar agujeros”: efectos de los premios sobre algunas decisiones económicas y personales de los españoles," Studies on the Spanish Economy eee2024-28, FEDEA.
    55. Stefan Hochguertel, 2010. "Self-Employment around Retirement Age," Tinbergen Institute Discussion Papers 10-067/3, Tinbergen Institute.
    56. Goupille-Lebret, Jonathan & Infante, Jose, 2018. "Behavioral responses to inheritance tax: Evidence from notches in France," Journal of Public Economics, Elsevier, vol. 168(C), pages 21-34.
    57. Dale R. DeBoer & Edward C. Hoang, 2017. "Inheritances and Bequest Planning: Evidence from the Survey of Consumer Finances," Journal of Family and Economic Issues, Springer, vol. 38(1), pages 45-56, March.
    58. Smed, Sinne & Rønnow, Helene Normann & Tetens, Inge, 2022. "The retirement (food)-consumption puzzle revisited - A panel data study from Denmark," Food Policy, Elsevier, vol. 112(C).
    59. Lingxiao Zhao & Gregory Burge, 2017. "Housing Wealth, Property Taxes, and Labor Supply among the Elderly," Journal of Labor Economics, University of Chicago Press, vol. 35(1), pages 227-263.
    60. Jordi Caballé, 2016. "Intergenerational mobility: measurement and the role of borrowing constraints and inherited tastes," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 7(4), pages 393-420, November.
    61. Mazza, Jan, 2025. "Inheritance Expectations, Dynastic Altruism, and Education," SocArXiv 6dzwq_v1, Center for Open Science.
    62. Malo, Miguel Á. & Sciulli, Dario, 2023. "Expected wealth transfers and consumption across the wealth distribution in Europe," Economic Modelling, Elsevier, vol. 126(C).
    63. Li, Yue & Mastrogiacomo, Mauro & Hochguertel, Stefan & Bloemen, Hans, 2016. "The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform," Labour Economics, Elsevier, vol. 41(C), pages 280-290.
    64. Torben M. Andersen & Anne Katrine Borgbjerg & Jonas Maibom, 2026. "Pension Wealth and the Timing of Retirement," CESifo Working Paper Series 12386, CESifo.
    65. Luigi, Cannnari & Giovanni, D'Alessio, 2008. "Intergenerational Transfers in Italy," MPRA Paper 15111, University Library of Munich, Germany.
    66. Aviad Tur-Sinai & Harald Künemund & Claudia Vogel, 2022. "Inheritances and work for pay — will the expected wave of bequests undermine active ageing policies?," European Journal of Ageing, Springer, vol. 19(4), pages 1251-1261, December.
    67. Jing Dong & Daifeng He & John A. Nyman & R. Tamara Konetzka, 2021. "Wealth and the utilization of long-term care services: evidence from the United States," International Journal of Health Economics and Management, Springer, vol. 21(3), pages 345-366, September.
    68. Christopher W. Kulp & Michael Kurtz & Charles Hunt & Matthew Velardi, 2023. "The distribution of wealth: an agent-based approach to examine the effect of estate taxation, skill inheritance, and the Carnegie Effect," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(2), pages 397-415, April.
    69. Sebastian Becker & Hermann Buslei & Johannes Geyer & Peter Haan, 2021. "Employment Responses to Income Effect: Evidence from Pension Reform," Discussion Papers of DIW Berlin 1941, DIW Berlin, German Institute for Economic Research.
    70. Yeorim Kim & Mauro Mastrogiacomo, 2024. "Residual-debt insurance and mortgage repayments," Working Papers 823, DNB.
    71. Bertrand Garbinti & Simon Georges-Kot, 2019. "On the Retirement Effect of Inheritance: Heterogeneity and the Role of Risk Aversion," Working papers 707, Banque de France.
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    73. John Sabelhaus & Jeffrey Thompson, 2026. "What role for “generational wealth” in explaining racial wealth disparities?," Economic Inquiry, Western Economic Association International, vol. 64(1), pages 325-349, January.
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  31. Jeffrey R. Brown & J. Nellie Liang & Scott Weisbenner, 2006. "Executive financial incentives and payout policy: firm responses to the 2003 dividend tax cut," Finance and Economics Discussion Series 2006-14, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Zhe An & Wenlian Gao & Donghui Li & Dezhu Ye, 2022. "Dividend payouts, cash‐flow uncertainty and the role of institutions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(7-8), pages 1356-1390, July.
    2. Esqueda, Omar A., 2016. "Signaling, corporate governance, and the equilibrium dividend policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 186-199.
    3. Lu Tang & Shihan Zhang & Chenhui Ding & Jinyao Huan, 2022. "How Can the Sustainable Motivational Effect of Equity Incentives on Corporate Performance Be Exploited?—A Study Based on the Moderating Effect of Aspiration Level," Sustainability, MDPI, vol. 14(24), pages 1-17, December.
    4. Raj Chetty & Emmanuel Saez, 2010. "Dividend and Corporate Taxation in an Agency Model of the Firm," American Economic Journal: Economic Policy, American Economic Association, vol. 2(3), pages 1-31, August.
    5. Kari, Seppo & Karikallio, Hanna & Pirttilä, Jukka, 2008. "Anticipating Tax Changes: Evidence from the Finnish Corporate Income Tax Reform of 2005," Discussion Papers 447, VATT Institute for Economic Research.
    6. Zhang, Dan, 2018. "CEO dividend protection," Journal of Empirical Finance, Elsevier, vol. 45(C), pages 194-211.
    7. Winter, Christoph & Kraus, Beatrice, 2016. "Do Tax Changes Affect Credit Markets and Financial Frictions? Evidence from Credit Spreads," VfS Annual Conference 2016 (Augsburg): Demographic Change 145636, Verein für Socialpolitik / German Economic Association.
    8. Ye, Dezhu & Deng, Jie & Liu, Yi & Szewczyk, Samuel H. & Chen, Xiao, 2019. "Does board gender diversity increase dividend payouts? Analysis of global evidence," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 1-26.
    9. Annette Alstadsæter & Wojciech Kopczuk & Kjetil Telle, 2014. "Are Closely Held Firms Tax Shelters?," NBER Chapters, in: Tax Policy and the Economy, Volume 28, pages 1-32, National Bureau of Economic Research, Inc.
    10. Jesse Edgerton, 2010. "Effects of the 2003 dividend tax cut: evidence from real estate investment trusts," Finance and Economics Discussion Series 2010-34, Board of Governors of the Federal Reserve System (U.S.).
    11. Kong, Dongmin & Ji, Mianmian & Zhang, Fan, 2022. "Individual investors’ dividend tax reform and corporate social responsibility," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 78(C).
    12. Shapiro, Dmitry & Zhuang, Anan, 2015. "Dividends as a signaling device and the disappearing dividend puzzle," Journal of Economics and Business, Elsevier, vol. 79(C), pages 62-81.
    13. Lei, Jin & Qiu, Jiaping & Wan, Chi & Yu, Fan, 2021. "Credit risk spillovers and cash holdings," Journal of Corporate Finance, Elsevier, vol. 68(C).
    14. Burns, Natasha & McTier, Brian C. & Minnick, Kristina, 2015. "Equity-incentive compensation and payout policy in Europe," Journal of Corporate Finance, Elsevier, vol. 30(C), pages 85-97.
    15. Ding, Chao & Ho, Choy Yeing & Chang, Millicent, 2021. "CEO and CFO equity compensation and dividend payout over the firm lifecycle," Global Finance Journal, Elsevier, vol. 49(C).
    16. Chay, J.B. & Chong, Byung-Uk & Im, Hyun Joong, 2023. "Dividend taxes and investment efficiency: Evidence from the 2003 U.S. personal taxation reform," Journal of Accounting and Economics, Elsevier, vol. 75(1).
    17. Alzahrani, Mohammed & Lasfer, Meziane, 2012. "Investor protection, taxation, and dividends," Journal of Corporate Finance, Elsevier, vol. 18(4), pages 745-762.
    18. Yu, Xin & Wang, Yuetang & Chen, Yingrun & Wang, Guojun, 2021. "Dividend payouts and catering to demands: Evidence from a dividend tax reform," International Review of Financial Analysis, Elsevier, vol. 77(C).
    19. Nianzhi Guo & Ping‐Wen Sun & Huiqin Xiao, 2023. "Influence of dividend tax policy tied to investment horizon on stock price stability: Evidence from the 2015 dividend tax reform in China," International Review of Finance, International Review of Finance Ltd., vol. 23(3), pages 524-552, September.
    20. Roger Gordon & Martin Dietz, 2006. "Dividends and Taxes," NBER Working Papers 12292, National Bureau of Economic Research, Inc.
    21. Nabaraj Adhikari, Ph.D., 2015. "Determinants of Corporate Dividend Payout in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 27(2), pages 53-74, October.
    22. Kang, Minwook & Ye, Lei Sandy, 2023. "Dividend and corporate income taxation with present-biased consumers," Journal of Banking & Finance, Elsevier, vol. 152(C).
    23. Drienko, Jo & Khorsand, Bardia, 2023. "Dividend hibernation and future earnings: When no dividend news is good news," Journal of Corporate Finance, Elsevier, vol. 83(C).
    24. Yaowen Shan & Terry Walter, 2016. "Towards a Set of Design Principles for Executive Compensation Contracts," Abacus, Accounting Foundation, University of Sydney, vol. 52(4), pages 619-684, December.
    25. Minnick, Kristina & Rosenthal, Leonard, 2014. "Stealth compensation: Do CEOs increase their pay by influencing dividend policy?," Journal of Corporate Finance, Elsevier, vol. 25(C), pages 435-454.
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    29. Jacob, Martin & Alstadsæter, Annette, 2013. "Payout policies of privately held firms: Flexibility and the role of income taxes," arqus Discussion Papers in Quantitative Tax Research 152, arqus - Arbeitskreis Quantitative Steuerlehre.
    30. Terry Shevlin, 2008. "Discussion of “Executive stock-based compensation and firms’ cash payout: the role of shareholders’ tax-related payout preferences”," Review of Accounting Studies, Springer, vol. 13(2), pages 252-265, September.
    31. Köthenbürger, Marko & Stimmelmayr, Michael, 2016. "The Efficiency Costs of Dividend Taxation with Managerial Firms," VfS Annual Conference 2016 (Augsburg): Demographic Change 145649, Verein für Socialpolitik / German Economic Association.
    32. Huizinga, Harry & Demirgüç-Kunt, Asli & Ma, Kebin & Anginer, Deniz, 2013. "How does corporate governance affect bank capitalization strategies?," CEPR Discussion Papers 9674, Centre for Economic Policy Research.
    33. Gene Amromin & Paul Harrison & Steven Sharpe, 2008. "How Did the 2003 Dividend Tax Cut Affect Stock Prices?," Financial Management, Financial Management Association International, vol. 37(4), pages 625-646, December.
    34. Andriosopoulos, Dimitris & Lasfer, Meziane, 2015. "The market valuation of share repurchases in Europe," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 327-339.
    35. Chou, Robin K. & Wang, Yu-Chun & Jimmy Yang, J., 2021. "Share pledging, payout policy, and the value of cash holdings," Journal of Empirical Finance, Elsevier, vol. 61(C), pages 18-33.
    36. Eisdorfer, Assaf & Giaccotto, Carmelo & White, Reilly, 2015. "Do corporate managers skimp on shareholders' dividends to protect their own retirement funds?," Journal of Corporate Finance, Elsevier, vol. 30(C), pages 257-277.
    37. Erin E. Syron Ferris, 2015. "Dividend Taxes and Stock Volatility," Finance and Economics Discussion Series 2015-36, Board of Governors of the Federal Reserve System (U.S.).
    38. Li, Xiongshi & Ye, Mao & Zheng, Miles, 2024. "Price ceilings, market structure, and payout policies," Journal of Financial Economics, Elsevier, vol. 155(C).
    39. De Cesari, Amedeo & Huang-Meier, Winifred, 2015. "Dividend changes and stock price informativeness," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 1-17.
    40. Boulton, Thomas J. & Braga-Alves, Marcus V. & Shastri, Kuldeep, 2012. "Payout policy in Brazil: Dividends versus interest on equity," Journal of Corporate Finance, Elsevier, vol. 18(4), pages 968-979.
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    42. Hu, Xinwen & Hua, Renhai & Liu, Qingfu & Wang, Chuanjie, 2023. "The green fog: Environmental rating disagreement and corporate greenwashing," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
    43. Jesse Edgerton, 2013. "Four facts about dividend payouts and the 2003 tax cut," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(5), pages 769-784, October.
    44. Zhou, Yang & Lucey, Brian M. & He, Feng, 2025. "Dividend payouts and biodiversity risk — Chinese evidence," Research in International Business and Finance, Elsevier, vol. 76(C).
    45. Atsushi Chino & Joon Ho Kim, 2022. "Does dividend policy affect sales growth in product markets? Evidence from the 2003 dividend tax cut," Financial Management, Financial Management Association International, vol. 51(2), pages 539-571, June.
    46. Beladi, Hamid & Chao, Chi Chur & Hu, May, 2016. "The Christmas effect—Special dividend announcements," International Review of Financial Analysis, Elsevier, vol. 43(C), pages 15-30.
    47. Maier, Christoph & Schanz, Deborah, 2017. "Towards neutral distribution taxes and vanishing tax effects in the European Union," arqus Discussion Papers in Quantitative Tax Research 215, arqus - Arbeitskreis Quantitative Steuerlehre.
    48. Becker, Bo & Jacob, Marcus & Jacob, Martin, 2013. "Payout taxes and the allocation of investment," Journal of Financial Economics, Elsevier, vol. 107(1), pages 1-24.
    49. Jeong Hwan Lee & Young Lee, 2024. "Taxes, Payout Policy, and Share Prices: Evidence from DID Analysis Using Korea’s 2015–2017 Dividend Tax Cut," Korean Economic Review, Korean Economic Association, vol. 40, pages 77-106.
    50. M. Jonathan C. Eklund, 2022. "Do multinational firms respond to personal dividend income tax rates?," Empirical Economics, Springer, vol. 62(4), pages 1743-1771, April.
    51. Masanori Orihara, 2023. "Election-Day Market Reactions to Tax Proposals: Evidence from a Close Vote," Working Papers 2219, Waseda University, Faculty of Political Science and Economics.
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    54. Bradley Benson & Travis Davidson & Hui James & Hongxia Wang, 2022. "Board busyness and corporate payout: are all busy directors the same?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3711-3759, September.
    55. Kim, Woo Jin & Yang, Dong-Ryung, 2016. "CEO to the Rescue: Residential Proximity of Private Firm CEOs and the Evolution of Corporate Profitability," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 38(4), pages 1-21.
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    59. Dang, Viet A. & De Cesari, Amedeo & Phan, Hieu V., 2021. "Employment protection and share repurchases: Evidence from wrongful discharge laws," Journal of Corporate Finance, Elsevier, vol. 69(C).
    60. Richard H. Fosberg, 2012. "The Corporate Effects of Personal Taxation," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 2(1), pages 1-8, February.
    61. Schmid, Thomas & Ampenberger, Markus & Kaserer, Christoph & Achleitner, Ann-Kristin, 2010. "Controlling shareholders and payout policy: do founding families have a special 'taste for dividends'?," CEFS Working Paper Series 2010-01, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
    62. Hoang, Edward C. & Hoxha, Indrit, 2016. "Corporate payout smoothing: A variance decomposition approach," Journal of Empirical Finance, Elsevier, vol. 35(C), pages 1-13.
    63. K. H. Nguyen, 2014. "Impact of a dividend initiation wave on shareholder wealth," Applied Financial Economics, Taylor & Francis Journals, vol. 24(8), pages 573-586, April.
    64. Henrekson, Magnus & Sanandaji, Tino, 2015. "Owner-Level Taxes and Business Activity," Working Paper Series 1086, Research Institute of Industrial Economics, revised 19 Feb 2016.
    65. Kong, Dongmin & Ji, Mianmian, 2024. "Individual investors’ dividend tax reform and investment efficiency," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1102-1119.
    66. Raveesh Mayya & Siva Viswanathan, 2025. "Delaying Informed Consent: An Empirical Investigation of Mobile Apps’ Upgrade Decisions," Management Science, INFORMS, vol. 71(8), pages 7113-7135, August.
    67. Leibrecht, Markus & Bellak, Christian & Wild, Michael, 2009. "Does lowering dividend tax rates increase dividends repatriated?: evidence of intra-firm cross-border dividend repatriation policies by German Multinational Enterprises," Discussion Paper Series 1: Economic Studies 2009,19, Deutsche Bundesbank.
    68. João Paulo Vieito & António Cerqueira & Elísio Brandão & Walayet A. Khan, 2009. "Executive Compensation: the Finance Perspective," Portuguese Journal of Management Studies, ISEG, Universidade de Lisboa, vol. 0(1), pages 3-32.
    69. Amy Dittmar, 2008. "Corporate Cash Policy and How to Manage it with Stock Repurchases," Journal of Applied Corporate Finance, Morgan Stanley, vol. 20(3), pages 22-34, June.
    70. Desai, Mihir A. & Jin, Li, 2011. "Institutional tax clienteles and payout policy," Journal of Financial Economics, Elsevier, vol. 100(1), pages 68-84, April.
    71. Laura Kawano, 2014. "The Dividend Clientele Hypothesis: Evidence from the 2003 Tax Act," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 114-136, February.
    72. DeYoung, Robert & Jang, Karen Y., 2023. "Testing dividend tax theory: Firm and industry heterogeneity," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    73. Wang, Jin-Ying, 2023. "Tax clientele and share repurchase execution," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 168-176.
    74. Edwards, Alexander & Shevlin, Terry, 2011. "The value of a flow-through entity in an integrated corporate tax system," Journal of Financial Economics, Elsevier, vol. 101(2), pages 473-491, August.
    75. Liu, Guangqiang & Liu, Tianbao, 2022. "Does individual investors’ dividend tax influence analyst forecast? Evidence from a quasi-natural experiment in China," Finance Research Letters, Elsevier, vol. 50(C).
    76. Danny Yagan, 2015. "Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut," NBER Working Papers 21003, National Bureau of Economic Research, Inc.
    77. Chowdhury, Hasibul & Rahman, Shofiqur, 2023. "Do tournament incentives affect corporate dividend policy?," Journal of Banking & Finance, Elsevier, vol. 152(C).
    78. Kazuki Onji & Masanori Orihara, 2016. "Taxes, stock ownership, and payout policy: Evidence from a 2011 tax reform in Japan," Discussion papers ron278, Policy Research Institute, Ministry of Finance Japan.
    79. Balachandran, Balasingham & Khan, Arifur & Mather, Paul & Theobald, Michael, 2019. "Insider ownership and dividend policy in an imputation tax environment," Journal of Corporate Finance, Elsevier, vol. 54(C), pages 153-167.
    80. Buchanan, Bonnie G. & Cao, Cathy Xuying & Liljeblom, Eva & Weihrich, Susan, 2017. "Uncertainty and firm dividend policy—A natural experiment," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 179-197.
    81. De Cesari, Amedeo & Ozkan, Neslihan, 2015. "Executive incentives and payout policy: Empirical evidence from Europe," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 70-91.
    82. Cook, Douglas O. & Zhang, Weiwei, 2022. "CEO option incentives and corporate share repurchases," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 355-376.
    83. Batabyal, Sourav & Robinson, Richard, 2017. "Capital change and stability when dividends convey signals," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 158-167.
    84. Ana Pinto Borges & João Correia‐Da‐Silva, 2011. "Using Cost Observation To Regulate A Manager Who Has A Preference For Empire‐Building," Manchester School, University of Manchester, vol. 79(1), pages 29-44, January.
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    88. Lai, Tat-kei & Ng, Travis, 2017. "Does dividend tax impede competition for corporate charters?," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 751-772.
    89. Bonaimé, Alice A. & Hankins, Kristine W. & Jordan, Bradford D., 2016. "The cost of financial flexibility: Evidence from share repurchases," Journal of Corporate Finance, Elsevier, vol. 38(C), pages 345-362.
    90. Ouyang, Puman & Zhong, Ligang, 2023. "Asset redeployability and dividend payout policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 91-105.
    91. Alon Brav & John R. Graham & Campbell R. Harvey & Roni Michaely, 2008. "Managerial Response to the May 2003 Dividend Tax Cut," Financial Management, Financial Management Association International, vol. 37(4), pages 611-624, December.
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    Cited by:

    1. Koijen, Ralph & Yogo, Motohiro, 2018. "The Fragility of Market Risk Insurance," CEPR Discussion Papers 12560, Centre for Economic Policy Research.
    2. Bacinello, Anna Rita & Millossovich, Pietro & Olivieri, Annamaria & Pitacco, Ermanno, 2011. "Variable annuities: A unifying valuation approach," Insurance: Mathematics and Economics, Elsevier, vol. 49(3), pages 285-297.
    3. Daniel Bauer & Thorsten Moenig, 2023. "Cheaper by the bundle: The interaction of frictions and option exercise in variable annuities," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(2), pages 459-486, June.
    4. Moenig, Thorsten, 2021. "Variable annuities: Market incompleteness and policyholder behavior," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 63-78.
    5. Antonio L. Martire & Emilio Russo & Alessandro Staino, 2023. "Surrender and path-dependent guarantees in variable annuities: integral equation solutions and benchmark methods," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 46(1), pages 177-220, June.
    6. Jennifer Alonso Garcia & Michael Sherris & Samuel Thirurajah & Jonathan Ziveyi, 2020. "Taxation and policyholder behavior: the case of guaranteed minimum accumulation benefits," ULB Institutional Repository 2013/307889, ULB -- Universite Libre de Bruxelles.
    7. Barry Mulholland & Michael Finke & Sandra Huston, 2016. "Understanding the Shift in Demand for Cash Value Life Insurance," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 19(1), pages 7-36, March.
    8. Thorsten Moenig, 2022. "It's RILA time: An introduction to registered index‐linked annuities," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(2), pages 339-369, June.
    9. Jennifer Alonso Garcia & Samuel Thirurajah & Jonathan Ziveyi, 2024. "A hybrid variable annuity contract embedded with living and death benefit riders," ULB Institutional Repository 2013/385588, ULB -- Universite Libre de Bruxelles.
    10. Paula Lopes & Alex Michaelides & Joachim Inkmann, 2009. "How deep is the annuity market participation puzzle?," 2009 Meeting Papers 239, Society for Economic Dynamics.
    11. Steinorth, Petra & Mitchell, Olivia S., 2015. "Valuing variable annuities with guaranteed minimum lifetime withdrawal benefits," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 246-258.
    12. Christian Knoller & Gunther Kraut & Pascal Schoenmaekers, 2016. "On the Propensity to Surrender a Variable Annuity Contract: An Empirical Analysis of Dynamic Policyholder Behavior," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(4), pages 979-1006, December.
    13. Mark L. Egan & Shan Ge & Johnny Tang, 2020. "Conflicting Interests and the Effect of Fiduciary Duty — Evidence from Variable Annuities," NBER Working Papers 27577, National Bureau of Economic Research, Inc.

  33. Andrew G. Biggs & Jeffrey R. Brown & Glenn Springstead, 2005. "Alternative Methods of Price Indexing Social Security: Implications for Benefits and System Financing," NBER Working Papers 11406, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ann Huff Stevens, 2008. "Retirement Wealth Across Cohorts: The Role of Earnings Inequality and Pension Changes," Working Papers wp186, University of Michigan, Michigan Retirement Research Center.
    2. Michael C. Lovell, 2008. "Social Security’s Five OASI Inflation Indexing Problems," Wesleyan Economics Working Papers 2008-006, Wesleyan University, Department of Economics, revised 30 Oct 2008.
    3. John Cawley & John R. Moran & Kosali I. Simon, 2008. "The Impact of Income on the Weight of Elderly Americans," NBER Working Papers 14104, National Bureau of Economic Research, Inc.
    4. John R. Moran & JKosali Ilayperuma Simon, 2006. "Income and the Use of Prescription Drugs by the Elderly: Evidence from the Notch Cohorts," Journal of Human Resources, University of Wisconsin Press, vol. 41(2).
    5. Andras Simonovits, 2020. "Indexing public pensions in progress to wages or prices," KRTK-KTI WORKING PAPERS 2015, Institute of Economics, Centre for Economic and Regional Studies.
    6. Juergen Jung & Chung Tran, 2010. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Discussion Papers 2010-31, School of Economics, The University of New South Wales.
    7. Juergen Jung & Chung Tran, 2010. "The Macroeconomics of Health Savings Accounts," Working Papers 2010-12, Towson University, Department of Economics, revised Nov 2016.
    8. András Simonovits, 2020. "Indexing Public Pensions in Progress to Wages or Prices," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 12(2), pages 171-194, June.

  34. Jeffrey R. Brown & Amy Finkelstein, 2004. "Supply or Demand: Why is the Market for Long-Term Care Insurance So Small?," NBER Working Papers 10782, National Bureau of Economic Research, Inc.

    Cited by:

    1. Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," Working Papers halshs-00676492, HAL.
    2. Gilbert M. Llanto & Joselito Almario & Marinella Gilda Llanto-Gamboa, 2006. "Microinsurance in the Philippines : Policy and Regulatory Issues and Challenges," Development Economics Working Papers 22649, East Asian Bureau of Economic Research.
    3. Joan Costa-Fonta & Montserrat Font-Vilalta, "undated". "The limits on the Design of Long-Term Care Insurance Schemes in Spain stas," Studies on the Spanish Economy 201, FEDEA.
    4. Hanming Fang & Michael P. Keane & Dan Silverman, 2006. "Sources of Advantageous Selection: Evidence from the Medigap Insurance Market," NBER Working Papers 12289, National Bureau of Economic Research, Inc.
    5. Michael D. Hurd & Pierre-Carl Michaud & Susann Rohwedder, 2014. "The Lifetime Risk of Nursing Home Use," NBER Chapters, in: Discoveries in the Economics of Aging, pages 81-109, National Bureau of Economic Research, Inc.
    6. Rinaldo Brau & Matteo Lippi Bruni, 2008. "Eliciting the demand for long‐term care coverage: a discrete choice modelling analysis," Health Economics, John Wiley & Sons, Ltd., vol. 17(3), pages 411-433, March.
    7. Jeffrey R. Brown & James M. Poterba, 2006. "Household Ownership of Variable Annuities," NBER Chapters, in: Tax Policy and the Economy, Volume 20, pages 163-191, National Bureau of Economic Research, Inc.
    8. Brown, Jeffrey R. & Finkelstein, Amy, 2007. "Why is the market for long-term care insurance so small?," Journal of Public Economics, Elsevier, vol. 91(10), pages 1967-1991, November.
    9. Rachel J. Huang & Alexander Muermann & Larry Y. Tzeng, 2016. "Hidden Regret In Insurance Markets," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 181-216, January.
    10. Webb, David C., 2006. "Long-term care insurance, annuities and asymmetric information: the case for bundling contracts," LSE Research Online Documents on Economics 24507, London School of Economics and Political Science, LSE Library.
    11. Markus Fels, 2020. "On the value of Medicaid in providing access to long‐term care," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(4), pages 933-948, August.
    12. Amy Finkelstein & Kathleen McGarry, 2006. "Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market," American Economic Review, American Economic Association, vol. 96(4), pages 938-958, September.
    13. M. Martin Boyer & Franca Glenzer, 2021. "Pensions, annuities, and long-term care insurance: on the impact of risk screening," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 133-174, September.
    14. Jeffrey R. Brown & Norma B. Coe & Amy Finkelstein, 2006. "Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey," NBER Working Papers 12536, National Bureau of Economic Research, Inc.
    15. David Casado Mar n, 2008. "Policy options for a public long-term care system in Spain: a microsimulation model," Hacienda Pública Española / Review of Public Economics, IEF, vol. 186(3), pages 61-90, October.
    16. M. Martin Boyer & Philippe De Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2018. "A Canadian Parlor Room-Type Approach to the Long-Term Care Insurance Puzzle," Cahiers de recherche 1804, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    17. John Laitner & Daniel Silverman & Dmitriy Stolyarov, 2014. "Annuitized Wealth and Post-Retirement Saving," NBER Working Papers 20547, National Bureau of Economic Research, Inc.
    18. Amy Finkelstein & James Poterba, 2006. "Testing for Asymmetric Information Using 'Unused Observables' in Insurance Markets: Evidence from the U.K. Annuity Market," NBER Working Papers 12112, National Bureau of Economic Research, Inc.
    19. Llanto, Gilberto M. Author_Email:, 2008. "Policy and Regulatory Issues and Challenges in Microinsurance: a Philippine Case," Philippine Journal of Development, Philippine Institute for Development Studies.
    20. Amy Finkelstein & Kathleen McGarry & Amir Sufi, 2005. "Dynamic Inefficiencies in Insurance Markets: Evidence from Long-Term Care Insurance," American Economic Review, American Economic Association, vol. 95(2), pages 224-228, May.
    21. Jeffrey R. Brown & Amy Finkelstein, 2004. "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market," NBER Working Papers 10989, National Bureau of Economic Research, Inc.
    22. Grégory Ponthière, 2011. "Long-Term Care, Altruism and Socialization," PSE Working Papers halshs-00622385, HAL.
    23. Dardanoni, V & Li Donni, P, 2008. "Testing For Asymmetric Information In Insurance Markets With Unobservable Types," Health, Econometrics and Data Group (HEDG) Working Papers 08/26, HEDG, c/o Department of Economics, University of York.
    24. Grabowski, David C. & Gruber, Jonathan, 2007. "Moral hazard in nursing home use," Journal of Health Economics, Elsevier, vol. 26(3), pages 560-577, May.

  35. Jeffrey R. Brown & J. David Cummins & Christopher M. Lewis & Ran Wei, 2004. "An Empirical Analysis of the Economic Impact of Federal Terrorism Reinsurance," NBER Working Papers 10388, National Bureau of Economic Research, Inc.

    Cited by:

    1. Akay, Alpaslan & Bargain, Olivier & Elsayed, Ahmed, 2020. "Global terror, well-being and political attitudes," European Economic Review, Elsevier, vol. 123(C).
    2. Alex Boulatov & Stephan Dieckmann, 2013. "The Risk-Sharing Implications of Disaster Insurance Funds," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(1), pages 37-64, March.
    3. Akay, Alpaslan & Bargain, Olivier & Elsayed, Ahmed, 2018. "Everybody's a Victim? Global Terror, Well-Being and Political Attitudes," Working Papers in Economics 733, University of Gothenburg, Department of Economics.
    4. Kousky, Carolyn & Michel-Kerjan, Erwann O. & Raschky, Paul A., 2018. "Does federal disaster assistance crowd out flood insurance?," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 150-164.
    5. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2004. "Calculating Tragedy: Assessing the Costs of Terrorism," CESifo Working Paper Series 1341, CESifo.
    6. Seyed Amir Hossein Sabet & Marie-Anne Cam & Richard Heaney, 2012. "Share market reaction to the BP oil spill and the US government moratorium on exploration," Australian Journal of Management, Australian School of Business, vol. 37(1), pages 61-76, April.
    7. S. T. M. Straetmans & W. F. C. Verschoor & C. C. P. Wolff, 2008. "Extreme US stock market fluctuations in the wake of 9|11," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 23(1), pages 17-42.
    8. Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2011. "The Economics of Terrorism and Counter-Terrorism: A Survey (Part II)," Economics of Security Working Paper Series 45, DIW Berlin, German Institute for Economic Research.
    9. J. David Cummins, 2007. "Reinsurance for Natural and Man‐Made Catastrophes in the United States: Current State of the Market and Regulatory Reforms," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 10(2), pages 179-220, September.
    10. Friedrich Schneider, 2009. "Die Finanzströme von organisierter Kriminalität und Terrorismus: was wissen wir (nicht)?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(4), pages 73-87.
    11. J. David Cummins, 2006. "Should the government provide insurance for catastrophes?," Review, Federal Reserve Bank of St. Louis, vol. 88(Jul), pages 337-380.
    12. Schneider, Friedrich, 2010. "The (Hidden) Financial Flows of Terrorist and Organized Crime Organizations: A Literature Review and Some Preliminary Empirical Results," IZA Discussion Papers 4860, IZA Network @ LISER.
    13. Erwann Michel-Kerjan & Paul A. Raschky & Howard C. Kunreuther, 2009. "Corporate Demand for Insurance: An Empirical Analysis of the U.S. Market for Catastrophe and Non-Catastrophe Risks," Working Papers hal-00372420, HAL.
    14. Chaudhry, Naukhaiz & Roubaud, David & Akhter, Waheed & Shahbaz, Muhammad, 2018. "Impact of terrorism on stock markets: empirical evidence from the SAARC region," MPRA Paper 84783, University Library of Munich, Germany, revised 19 Feb 2018.
    15. Michel-Kerjan, Erwann & Raschky, Paul A., 2011. "The effects of government intervention on the market for corporate terrorism insurance," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 122-132.
    16. Howard C. Kunreuther & Erwann O. Michel-Kerjan, 2007. "Evaluating The Effectiveness of Terrorism Risk Financing Solutions," NBER Working Papers 13359, National Bureau of Economic Research, Inc.
    17. Joshua D. Woodard & Jing Yi, 2020. "Estimation of Insurance Deductible Demand Under Endogenous Premium Rates," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(2), pages 477-500, June.
    18. Krämer, Walter & Schich, Sebastian T., 2005. "Large-scale disasters and the insurance industry," Technical Reports 2005,11, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
    19. Jeffrey R. Brown & J. Nellie Liang & Scott Weisbenner, 2006. "Executive financial incentives and payout policy: firm responses to the 2003 dividend tax cut," Finance and Economics Discussion Series 2006-14, Board of Governors of the Federal Reserve System (U.S.).
    20. Woodard, Joshua, 2016. "Estimation of Insurance Deductible Demand under Endogenous Premium Rates," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236151, Agricultural and Applied Economics Association.
    21. Arbel, Yuval & Ben-Shahar, Danny & Gabriel, Stuart & Tobol, Yossef, 2010. "The local cost of terror: Effects of the second Palestinian Intifada on Jerusalem house prices," Regional Science and Urban Economics, Elsevier, vol. 40(6), pages 415-426, November.
    22. Jared F. Egginton & James I. Hilliard & Andre P. Liebenberg & Ivonne A. Liebenberg, 2010. "What Effect Did AIG's Bailout, and the Preceding Events, Have on Its Competitors?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 13(2), pages 225-249, September.
    23. Erwann Michel-Kerjan & Paul Raschky & Howard Kunreuther, 2013. "Corporate Demand for Insurance: New Evidence from the U.S. Terrorism and Property Markets," NBER Working Papers 19532, National Bureau of Economic Research, Inc.
    24. Nicole Crain & W. Crain, 2006. "Terrorized economies," Public Choice, Springer, vol. 128(1), pages 317-349, July.
    25. Anne-Marie Anderson & Nandu Nayar, 2022. "Can regulation enhancing the shareholder franchise increase firm value?," Journal of Regulatory Economics, Springer, vol. 61(3), pages 191-221, June.
    26. Nandkumar Nayar, 2014. "Lyon Taming by the IRS: Evidence on Tax Deductions," EcoMod2014 7163, EcoMod.
    27. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    28. Karolyi, G. Andrew, 2006. "The Consequences of Terrorism for Financial Markets: What Do We Know?," Working Paper Series 2006-6, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    29. Friedrich Schneider & Raul Caruso, 2011. "The (Hidden) Financial Flows of Terrorist and Transnational Crime Organizations: A Literature Review and Some Preliminary Empirical Results," Economics of Security Working Paper Series 52, DIW Berlin, German Institute for Economic Research.
    30. Leora Friedberg & Anthony Webb, 2006. "Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk," NBER Working Papers 11984, National Bureau of Economic Research, Inc.
    31. Betzer, André & Doumet, Markus & Rinne, Ulf, 2011. "How Policy Changes Affect Shareholder Wealth: The Case of the Fukushima Daiichi Nuclear Disaster," IZA Discussion Papers 5896, IZA Network @ LISER.
    32. Najam, Najam Ul Sabeeh & Mehmood, Arshad Mehmood, 2019. "The economic cost of terrorism and natural disasters: A deeper analysis of the financial market markets of Pakistan," MPRA Paper 92278, University Library of Munich, Germany.
    33. Bruno Gas, 2005. "Wege zur Versicherung des Terrorrisikos," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(4), pages 471-498, November.
    34. Erwann Michel-Kerjan & Burkhard Pedell, 2007. "How Does the Corporate World Cope with Mega-Terrorism? Puzzling Evidence from Terrorism Insurance Markets," Working Papers hal-00243051, HAL.

  36. Jeffrey R. Brown & Zoran Ivković & Paul A. Smith & Scott Weisbenner, 2004. "The geography of stock market participation: the influence of communities and local firms," Finance and Economics Discussion Series 2004-22, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Fu, Shihe & Shan, Liwei, 2011. "Agglomeration Economies and Local Comovement of Stock Returns," MPRA Paper 31887, University Library of Munich, Germany.
    2. M. Carmen Boado-Penas & Juan M. Nave & David Toscano, 2023. "Financial Market Participation and Retirement Age of the UK Population," IJFS, MDPI, vol. 11(1), pages 1-12, February.
    3. Ya-Fang Cheng & Eugene Burgos Mutuc & Fu-Sheng Tsai & Kun-Hwa Lu & Chien-Ho Lin, 2018. "Social Capital and Stock Market Participation via Technologies: The Role of Households’ Risk Attitude and Cognitive Ability," Sustainability, MDPI, vol. 10(6), pages 1-14, June.
    4. Nikolaos Mylonidis & Lefkothea-Georgia Oikonomou, 2021. "Tracing the impact of peers on households’ economic behavior," Economic Change and Restructuring, Springer, vol. 54(3), pages 655-681, August.
    5. Michael Firth & Shihe Fu & Liwei Shan, 2017. "Do agglomeration economies affect the local comovement of stock returns? Evidence from China," Urban Studies, Urban Studies Journal Limited, vol. 54(5), pages 1142-1161, April.

  37. Jeffrey R. Brown & Amy Finkelstein, 2004. "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market," NBER Working Papers 10989, National Bureau of Economic Research, Inc.

    Cited by:

    1. Michael Alexeev & Ivan Dedyukhin & Leonid Polishchuk, 2024. "Ownership, Asymmetric Information, and Quality of Care for the Elderly: Evidence from US Nursing Homes During the COVID-19 Pandemic," CAEPR Working Papers 2024-006 Classification-, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    2. Canta, Chiara & Pestieau, Pierre & Thibault, Emmanuel, 2014. "Long term care and capital accumulation: the impact of the State, the market and the family," TSE Working Papers 14-530, Toulouse School of Economics (TSE).
    3. Joan Costa-i-Font & Christophe Courbage, 2014. "Crowding Out of Long-Term Care Insurance: Evidence from European Expectations Data," CESifo Working Paper Series 4910, CESifo.
    4. Ralph S. J. Koijen & Stijn Van Nieuwerburgh & Motohiro Yogo, 2014. "Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice," Staff Report 499, Federal Reserve Bank of Minneapolis.
    5. Pestieau, Pierre, 2026. "The economics of long-term care," LIDAM Discussion Papers CORE 2026001, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Liran Einav & Amy Finkelstein & Jonathan Levin, 2009. "Beyond Testing: Empirical Models of Insurance Markets," NBER Working Papers 15241, National Bureau of Economic Research, Inc.
    7. Michel Fuino & Andrey Ugarte Montero & Joël Wagner, 2022. "On the drivers of potential customers' interest in long‐term care insurance: Evidence from Switzerland," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(3), pages 271-302, September.
    8. Seibold, Arthur & Seitz, Sebastian & Siegloch, Sebastian, 2022. "Privatizing Disability Insurance," IZA Discussion Papers 15579, IZA Network @ LISER.
    9. Céline Grislain-Letremy, 2013. "Natural Disters : Exposure and Underinsurance," Working Papers 2013-15, Center for Research in Economics and Statistics.
    10. Pierre Pestieau & Grégory Ponthière, 2012. "The public economics of increasing longevity," Working Papers halshs-00676492, HAL.
    11. Panjwani, Aniket & Xiong, Heyu, 2023. "The causes and consequences of medical crowdfunding," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 648-667.
    12. Norma B. Coe & R. Tamara Konetzka & Chuxuan Sun & Courtney Harold Houtven, 2025. "Long-term care insurance within married couples: Can’t insure one without the other?," Review of Economics of the Household, Springer, vol. 23(4), pages 1189-1220, December.
    13. Bolhaar, Jonneke & Lindeboom, Maarten & van der Klaauw, Bas, 2008. "A Dynamic Analysis of the Demand for Health Insurance and Health Care," IZA Discussion Papers 3698, IZA Network @ LISER.
    14. Costa-Font, Joan & Courbage, Christophe & Zweifel, Peter, 2017. "Policy dilemmas in financing long-term care in Europe," LSE Research Online Documents on Economics 61032, London School of Economics and Political Science, LSE Library.
    15. Eric French & Hans-Martin von Gaudecker & John Bailey Jones, 2016. "The Effect of the Affordable Care Act on the Labor Supply, Savings, and Social Security of Older Americans," Working Papers wp354, University of Michigan, Michigan Retirement Research Center.
    16. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    17. Shang Wu & Hazel Bateman & Ralph Stevens & Susan Thorp, 2022. "Flexible insurance for long‐term care: A study of stated preferences," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 823-858, September.
    18. Neale Mahoney, 2011. "Bankruptcy as Implicit Health Insurance," Discussion Papers 10-023, Stanford Institute for Economic Policy Research.
    19. Lin, Haizhen & Prince, Jeffrey, 2013. "The impact of the partnership long-term care insurance program on private coverage," Journal of Health Economics, Elsevier, vol. 32(6), pages 1205-1213.
    20. Kousky, Carolyn & Michel-Kerjan, Erwann O. & Raschky, Paul A., 2018. "Does federal disaster assistance crowd out flood insurance?," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 150-164.
    21. Zweifel, Peter, 2020. "Innovation in long-term care insurance: Joint contracts for mitigating relational moral hazard," Insurance: Mathematics and Economics, Elsevier, vol. 93(C), pages 116-124.
    22. Siha Lee, 2024. "Spousal Labor Supply, Caregiving, And The Value Of Disability Insurance," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(4), pages 1681-1716, November.
    23. Bertrand Achou & Philippe De Donder & Franca Glenzer & Minjoon Lee & Marie-Louise Leroux, 2023. "At Home versus in a Nursing Home: Long-term Care Settings and Marginal Utility," Cahiers de recherche / Working Papers 2303, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
    24. Courtemanche, Charles & He, Daifeng, 2009. "Tax incentives and the decision to purchase long-term care insurance," Journal of Public Economics, Elsevier, vol. 93(1-2), pages 296-310, February.
    25. Plisson, Manuel, 2009. "Assurabilité et développement de l'assurance dépendance," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/5064 edited by Lorenzi, Jean-Hervé.
    26. Tennyson, Sharon & Yang, Hae Kyung, 2014. "The role of life experience in long-term care insurance decisions," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 175-188.
    27. Bertrand Achou, 2023. "Housing in Medicaid: Should It Really Change?," American Economic Journal: Economic Policy, American Economic Association, vol. 15(1), pages 1-36, February.
    28. Michael D. Hurd & Pierre-Carl Michaud & Susann Rohwedder, 2014. "The Lifetime Risk of Nursing Home Use," NBER Chapters, in: Discoveries in the Economics of Aging, pages 81-109, National Bureau of Economic Research, Inc.
    29. de Bresser, Jochem & Knoef, Marike & van Ooijen, Raun, 2021. "Preferences for In-Kind and In-Cash Home Care Insurance," Other publications TiSEM fca83bd4-09cc-4072-81c6-0, Tilburg University, School of Economics and Management.
    30. Zhorin, Victor, 2026. "The Mortality Input Problem: Trajectory-Dependent Death and the Lifecycle Model," MPRA Paper 129315, University Library of Munich, Germany.
    31. R. Tamara Konetzka & Daifeng He & Jing Dong & John A. Nyman, 2019. "Moral hazard and long-term care insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 231-251, April.
    32. Mariacristina De Nardi & Eric French & John B. Jones, 2010. "Why Do the Elderly Save? The Role of Medical Expenses," Journal of Political Economy, University of Chicago Press, vol. 118(1), pages 39-75, February.
    33. Costa-Font, Joan & Raut, Nilesh, 2025. "Long-term care partnership effects on Medicaid and private insurance," LSE Research Online Documents on Economics 127078, London School of Economics and Political Science, LSE Library.
    34. A. Abigail Payne, 2009. "Does Government Funding Change Behavior? An Empirical Analysis of Crowd-Out," NBER Chapters, in: Tax Policy and the Economy, Volume 23, pages 159-184, National Bureau of Economic Research, Inc.
    35. Junhao Liu & Anita Mukherjee, 2021. "Medicaid and long‐term care: The effects of penalizing strategic asset transfers," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 53-77, March.
    36. Coe, Norma B. & Skira, Meghan M. & Van Houtven, Courtney Harold, 2015. "Long-term care insurance: Does experience matter?," Journal of Health Economics, Elsevier, vol. 40(C), pages 122-131.
    37. Tatyana Deryugina & Barrett Kirwan, 2016. "Does The Samaritan's Dilemma Matter? Evidence From U.S. Agriculture," NBER Working Papers 22845, National Bureau of Economic Research, Inc.
    38. Norma B. Coe & Gopi Shah Goda & Courtney Harold Van Houtven, 2015. "Family Spillovers of Long-Term Care Insurance," NBER Working Papers 21483, National Bureau of Economic Research, Inc.
    39. Cremer, Helmuth & Roeder, Kerstin, 2011. "Long-term care policy, myopia and redistribution," IDEI Working Papers 723, Institut d'Économie Industrielle (IDEI), Toulouse, revised May 2012.
    40. Loretti I. Dobrescu, 2015. "To Love or to Pay: Savings and Health Care in Older Age," Journal of Human Resources, University of Wisconsin Press, vol. 50(1), pages 254-299.
    41. Amy Finkelstein & Erzo F.P. Luttmer & Matthew J. Notowidigdo, 2008. "What Good Is Wealth Without Health? The Effect of Health on the Marginal Utility of Consumption," NBER Working Papers 14089, National Bureau of Economic Research, Inc.
    42. De Donder, Philippe & Leroux, Marie-Louise, 2012. "Behavioral Biases and Long Term Care Annuities: A Political Economy Approach," IDEI Working Papers 749, Institut d'Économie Industrielle (IDEI), Toulouse, revised Feb 2013.
    43. Manasi Deshpande, 2016. "Does Welfare Inhibit Success? The Long-Term Effects of Removing Low-Income Youth from the Disability Rolls," American Economic Review, American Economic Association, vol. 106(11), pages 3300-3330, November.
    44. Garth Heutel, 2009. "Crowding Out and Crowding In of Private Donations and Government Grants," NBER Working Papers 15004, National Bureau of Economic Research, Inc.
    45. Capatina, Elena, 2020. "Selection in employer sponsored health insurance," Journal of Health Economics, Elsevier, vol. 71(C).
    46. John Ameriks & Andrew Caplin & Steven Laufer & Stijn Van Nieuwerburgh, 2007. "The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives," NBER Working Papers 13105, National Bureau of Economic Research, Inc.
    47. Gary V. Engelhardt & Nadia Greenhalgh-Stanley, 2008. "Public Long-Term Care Insurance and the Housing and Living Arrangements of the Elderly: Evidence from Medicare Home Health Benefits," Working Papers, Center for Retirement Research at Boston College wp2008-15, Center for Retirement Research, revised Dec 2008.
    48. R. Anton Braun & Daisuke Ikeda, 2021. "Monetary Policy over the Life Cycle," FRB Atlanta Working Paper 2021-20a, Federal Reserve Bank of Atlanta.
    49. Mariacristina De Nardi & Eric French & John Bailey Jones, 2010. "The Effects of Medicaid and Medicare Reforms on the Elderly’s Savings and Medical Expenditures," Working Papers wp236, University of Michigan, Michigan Retirement Research Center.
    50. Chetty, Nadarajan & Finkelstein, Amy Nadya, 2013. "Social Insurance: Connecting Theory to Data," Scholarly Articles 34330197, Harvard University Department of Economics.
    51. Jeffrey R. Brown & Amy Finkelstein, 2009. "The Private Market for Long‐Term Care Insurance in the United States: A Review of the Evidence," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 5-29, March.
    52. Brown, Jeffrey R. & Finkelstein, Amy, 2007. "Why is the market for long-term care insurance so small?," Journal of Public Economics, Elsevier, vol. 91(10), pages 1967-1991, November.
    53. Ethan M.J. Lieber & Lee M. Lockwood, 2017. "Targeting with In-kind Transfers: Evidence from Medicaid Home Care," Working Papers wp359, University of Michigan, Michigan Retirement Research Center.
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  38. Jeffrey R. Brown & James M. Poterba, 2004. "Household Demand for Variable Annuities," Working Papers, Center for Retirement Research at Boston College wp2004-8, Center for Retirement Research, revised Mar 2004.

    Cited by:

    1. Thorsten Moenig & Daniel Bauer, 2016. "Revisiting the Risk-Neutral Approach to Optimal Policyholder Behavior: A Study of Withdrawal Guarantees in Variable Annuities," Review of Finance, European Finance Association, vol. 20(2), pages 759-794.
    2. Ferro, Gustavo, 2008. "On annuities: an overview of the issues," MPRA Paper 20209, University Library of Munich, Germany, revised Oct 2009.
    3. Milevsky, Moshe A. & Salisbury, Thomas S., 2006. "Financial valuation of guaranteed minimum withdrawal benefits," Insurance: Mathematics and Economics, Elsevier, vol. 38(1), pages 21-38, February.
    4. Ferro, Gustavo, 2008. "Un impulso al mercado de rentas vitalicias en España [Promoting the annuities market in Spain]," MPRA Paper 20211, University Library of Munich, Germany, revised Jul 2008.

  39. Jeffrey R. Brown & J. Nellie Liang & Scott Weisbenner, 2004. "401(k) matching contributions in company stock: costs and benefits for firms and workers," Finance and Economics Discussion Series 2004-23, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Nicolas Aubert & Guillaume Garnotel & André Lapied & Patrick Rousseau, 2014. "Employee ownership: A theoretical and empirical investigation of management entrenchment vs. reward management," Post-Print halshs-01256766, HAL.
    2. Jeffrey R. Brown & Nellie Liang & Scott Weisbenner, 2007. "Individual Account Investment Options and Portfolio Choice: Behavioral Lessons from 401(k) Plans," NBER Working Papers 13169, National Bureau of Economic Research, Inc.
    3. Hagen, Johannes & Hallberg, Daniel & Sjögren Lindquist, Gabriella, 2021. "A Nudge to Quit? The Effect of a Change in Pension Information on Annuitization, Labour Supply, and Retirement Choices Among Older Workers," GLO Discussion Paper Series 209 [pre.], Global Labor Organization (GLO).
    4. Djaoudath Alidou, 2011. "Les augmentations de capital réservées aux salariés en France - Employee Equity Issue:Evidence from France," Working Papers CREGO 1110603, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    5. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    6. Gary V. Engelhardt & Anil Kumar, 2006. "Employer Matching and 401(k) Saving: Evidence from the Health and Retirement Study," NBER Working Papers 12447, National Bureau of Economic Research, Inc.
    7. Hsuan-Chi Chen & Christine W. Lai & Sheng-Ching Wu, 2016. "Plan-Level and Firm-Level Attributes and Employees' Contributions to 401(k) Plans," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 15(1), pages 17-33, June.
    8. Nicolas Aubert & Hachmi Ben Ameur & Guillaume Garnotel & Jean‐Luc Prigent, 2018. "Optimal Employee Ownership Contracts Under Ambiguity Aversion," Economic Inquiry, Western Economic Association International, vol. 56(1), pages 238-251, January.
    9. Nicolas Aubert & Bernard Grand & André Lapied & Patrick Rousseau, 2009. "Is employee ownership so senseless ?," Post-Print halshs-00454017, HAL.
    10. Park, Heejin & Noh, Jung-Hee & Pedersen, Melissa & Lee, Sora, 2022. "What are the determinants and managerial motivations for employee ownership in retirement pension plans?," The North American Journal of Economics and Finance, Elsevier, vol. 59(C).
    11. Elton, Edwin J. & Gruber, Martin J. & Blake, Christopher R., 2006. "The adequacy of investment choices offered by 401(k) plans," Journal of Public Economics, Elsevier, vol. 90(6-7), pages 1299-1314, August.
    12. Ansgar Richter & Susanne Schrader, 2017. "Levels of Employee Share Ownership and the Performance of Listed Companies in Europe," British Journal of Industrial Relations, London School of Economics, vol. 55(2), pages 396-420, June.
    13. Benartzi, Shlomo & Thaler, Richard H & Utkus, Stephen P & Sunstein, Cass R, 2007. "The Law and Economics of Company Stock in 401(k) Plans," Journal of Law and Economics, University of Chicago Press, vol. 50(1), pages 45-79, February.
    14. Douglas L. Kruse & Joseph R. Blasi & Rhokeun Park, 2010. "Shared Capitalism in the U.S. Economy: Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises," NBER Chapters, in: Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options, pages 41-75, National Bureau of Economic Research, Inc.
    15. Veronika K. Pool & Clemens Sialm & Irina Stefanescu, 2026. "Mutual Fund Revenue Sharing in 401(k) Plans," Management Science, INFORMS, vol. 72(7), pages 5698-5722, July.
    16. John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2009. "The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States," NBER Chapters, in: Social Security Policy in a Changing Environment, pages 167-195, National Bureau of Economic Research, Inc.
    17. MAHMOOD Athar, 2020. "Employee Stock Option Plans: A Meta-Analysis (Understanding Impact Of Esops Through Literature)," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 100-114, April.
    18. Hanen Maalej & Mohamed Triki, 2008. "Déterminants de la pratique de l'actionnariat salarié dans les entreprises françaises," Post-Print halshs-00525419, HAL.

  40. Thomas Davidoff & Jeffrey R. Brown & Peter A. Diamond, 2003. "Annuities and Individual Welfare," NBER Working Papers 9714, National Bureau of Economic Research, Inc.

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    1. Joshua Woodruff & William B. Haskell & Alejandro Toriello, 2016. "Optimized Financial Systems Helps Customers Meet Their Personal Finance Goals with Optimization," Interfaces, INFORMS, vol. 46(4), pages 345-359, August.
    2. Juan Esteban Halcartegaray & Jorge Miranda, 2011. "Efectos del SCOMP sobre la Elección individual de Modalidad de Pensión," Working Papers 52, Superintendencia de Pensiones, revised Aug 2012.
    3. Maurer, Raimond & Mitchell, Olivia S. & Rogalla, Ralph & Siegelin, Ivonne, 2016. "Accounting and actuarial smoothing of retirement payouts in participating life annuities," Insurance: Mathematics and Economics, Elsevier, vol. 71(C), pages 268-283.
    4. Hippolyte d'Albis & Andrei Kalk, 2021. "Why do we postpone annuity purchases?," PSE-Ecole d'économie de Paris (Postprint) halshs-03166724, HAL.
    5. Lau, Sau-Him Paul & Ying, Yinan & Zhang, Qilin, 2024. "Uniqueness of equilibrium with survival probability heterogeneity and endogenous annuity price," Insurance: Mathematics and Economics, Elsevier, vol. 119(C), pages 146-156.
    6. Kieren, Pascal & Weber, Martin, 2019. "When saving is not enough: The wealth decumulation decision in retirement," CFS Working Paper Series 634, Center for Financial Studies (CFS).
    7. Hazel Bateman & Susan Thorp, 2007. "Choices and Constraints over Retirement Income Streams: Comparing Rules and Regulations," Research Paper Series 200, Quantitative Finance Research Centre, University of Technology, Sydney.
    8. Daniel Bauer & Darius Lakdawalla & Julian Reif, 2018. "Mortality Risk, Insurance, and the Value of Life," NBER Working Papers 25055, National Bureau of Economic Research, Inc.
    9. Hippolyte d’Albis & Johanna Etner, 2013. "Illiquid Life Annuities," EconomiX Working Papers 2013-30, University of Paris Nanterre, EconomiX.
    10. Bockweg, Christian & Ponds, Eduard & Steenbeek, O.W. & Vonken, Joyce, 2016. "Framing and the Annuitization Decision : Experimental Evidence from a Dutch Pension Fund," Other publications TiSEM 92cb5865-3759-4017-abd2-5, Tilburg University, School of Economics and Management.
    11. Chen, An & Müller, Alfred & Rach, Manuel, 2025. "The tontine puzzle," Journal of Mathematical Economics, Elsevier, vol. 121(C).
    12. Valdez, Emiliano A. & Piggott, John & Wang, Liang, 2006. "Demand and adverse selection in a pooled annuity fund," Insurance: Mathematics and Economics, Elsevier, vol. 39(2), pages 251-266, October.
    13. Richter, Andreas & Weber, Frederik, 2009. "Mortality-Indexed Annuities," Discussion Papers in Business Administration 10994, University of Munich, Munich School of Management.
    14. Fedor Iskhakov & Susan Thorp & Hazel Bateman, 2015. "Optimal Annuity Purchases for Australian Retirees," The Economic Record, The Economic Society of Australia, vol. 91(293), pages 139-154, June.
    15. Bernhardt, Thomas, 2025. "A note on bequest preferences in utility maximisation for modern tontines," Insurance: Mathematics and Economics, Elsevier, vol. 125(C).
    16. Glenzer, Franca & Michaud, Pierre-Carl & Staubli, Stefan, 2025. "Frames, incentives, and education: Effectiveness of interventions to delay public pension claiming," Journal of Public Economics, Elsevier, vol. 248(C).
    17. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    18. Peijnenburg, Kim & Nijman, Theo & Werker, Bas J.M., 2016. "The annuity puzzle remains a puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 18-35.
    19. Horneff, Wolfram J. & Maurer, Raimond H. & Mitchell, Olivia S. & Dus, Ivica, 2008. "Following the rules: Integrating asset allocation and annuitization in retirement portfolios," Insurance: Mathematics and Economics, Elsevier, vol. 42(1), pages 396-408, February.
    20. Marc Fleurbaey & Marie-Louise Leroux & Pierre Pestieau & Grégory Ponthière & Stéphane Zuber, 2017. "Premature deaths, accidental bequests and fairness," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01649527, HAL.
    21. Thomas Post & Helmut Gründl & Hato Schmeiser, 2006. "Portfolio management and retirement: what is the best arrangement for a family?," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 20(3), pages 265-285, September.
    22. Erin Cottle Hunt & Frank N. Caliendo, 2022. "Social security and longevity risk: An analysis of couples," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(3), pages 547-579, June.
    23. Wolfram J. Horneff & Raimond H. Maurer & Olivia S. Mitchel & Michael Z. Stamos, 2008. "Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts," Working Papers wp177, University of Michigan, Michigan Retirement Research Center.
    24. Butler, Monika & Teppa, Federica, 2005. "Should You Take a Lump-Sum or Annuitize? Results from Swiss Pension Funds," CEPR Discussion Papers 5316, Centre for Economic Policy Research.
    25. Shang Wu & Hazel Bateman & Ralph Stevens & Susan Thorp, 2022. "Flexible insurance for long‐term care: A study of stated preferences," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 823-858, September.
    26. Bütler, Monika & Stadelmann, Sabrina, 2020. "Building on a pension: Second pillar wealth as a way to finance real estate?," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    27. David Blake & Tom Boardman, 2014. "Spend More Today Safely: Using Behavioral Economics to Improve Retirement Expenditure Decisions With SPEEDOMETER Plans," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 83-112, March.
    28. Adam Creighton & Henry Hongbo Jin & John Piggott & Emiliano A. Valdez, 2005. "Longevity Insurance: A Missing Market," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 50(spec0), pages 417-435.
    29. Moshe A. Milevsky & Kristen S. Moore & Virginia R. Young, 2006. "Asset Allocation And Annuity‐Purchase Strategies To Minimize The Probability Of Financial Ruin," Mathematical Finance, Wiley Blackwell, vol. 16(4), pages 647-671, October.
    30. Jeffrey R. Brown, 2014. "Income as the Outcome: How to Broaden the Narrow Framing of U.S. Retirement Policy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 7-16, March.
    31. Boyer, M. Martin & Box-Couillard, Sébastien & Michaud, Pierre-Carl, 2020. "Demand for annuities: Price sensitivity, risk perceptions, and knowledge," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 883-902.
    32. Elsa Fornero & Annamaria Lusardi & Chiara Monticone, 2009. "Adequacy of Saving for Old Age in Europe," CeRP Working Papers 87, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    33. Olga M. Fuentes & Richard K. Fullmer & Manuel García-Huitrón, 2024. "A sustainable, variable lifetime retirement income solution for the Chilean pension system," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(2), pages 234-258, April.
    34. Motohiro Yogo, 2009. "Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets," NBER Working Papers 15307, National Bureau of Economic Research, Inc.
    35. Justin van de Ven & Martin Weale, 2007. "Annuities and Aggregate Mortality Uncertainty," WEF Working Papers 0027, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    36. Bachmann, Kremena & Lot, Andre & Xu, Xiaogeng & Hens, Thorsten, 2023. "Experimental Research on Retirement Decision-Making: Evidence from Replications," Journal of Banking & Finance, Elsevier, vol. 152(C).
    37. Gabriele Stabile, 2006. "Optimal Timing Of The Annuity Purchase: Combined Stochastic Control And Optimal Stopping Problem," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 151-170.
    38. Horneff, Vanya & Maurer, Raimond & Mitchell, Olivia S. & Rogalla, Ralph, 2015. "Optimal life cycle portfolio choice with variable annuities offering liquidity and investment downside protection," Insurance: Mathematics and Economics, Elsevier, vol. 63(C), pages 91-107.
    39. Jeffrey R. Brown, 2007. "Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation," NBER Working Papers 13438, National Bureau of Economic Research, Inc.
    40. Han, Nan-Wei & Hung, Mao-Wei, 2021. "The annuity puzzle and consumption hump under ambiguous life expectancy," Insurance: Mathematics and Economics, Elsevier, vol. 100(C), pages 76-88.
    41. Hanming Fang & Michael P. Keane & Dan Silverman, 2006. "Sources of Advantageous Selection: Evidence from the Medigap Insurance Market," NBER Working Papers 12289, National Bureau of Economic Research, Inc.
    42. Chen, An & Hieber, Peter & Rach, Manuel, 2021. "Optimal retirement products under subjective mortality beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 101(PA), pages 55-69.
    43. Giuseppe Cappelletti & Giovanni Guazzarotti & Pietro Tommasino, 2011. "What determines annuity demand at retirement?," Temi di discussione (Economic working papers) 805, Bank of Italy, Economic Research and International Relations Area.
    44. Ben J. Heijdra & Yang Jiang & Jochen O. Mierau, 2017. "The Macroeconomic Effects of Longevity Risk under Private and Public Insurance and Asymmetric Information," CESifo Working Paper Series 6767, CESifo.
    45. Thomas Davidoff, 2009. "Housing, Health, and Annuities," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 31-52, March.
    46. Li, Zhengming & Shen, Yang & Su, Jianxi, 2025. "Optimal consumption and annuity equivalent wealth with mortality model uncertainty," Insurance: Mathematics and Economics, Elsevier, vol. 120(C), pages 159-188.
    47. Frank Caliendo & Nick Guo & Roozbeh Hosseini, 2014. "Social Security is NOT a Substitute for Annuity Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 739-755, October.
    48. Horneff, Wolfram J. & Maurer, Raimond H. & Mitchell, Olivia S. & Stamos, Michael Z., 2010. "Variable payout annuities and dynamic portfolio choice in retirement," Journal of Pension Economics and Finance, Cambridge University Press, vol. 9(2), pages 163-183, April.
    49. Huang, Rachel J. & Tsai, Jeffrey T. & Tzeng, Larry Y., 2008. "Government-provided annuities under insolvency risk," Insurance: Mathematics and Economics, Elsevier, vol. 43(3), pages 377-385, December.
    50. Huang, Rachel J. & Miao, Jerry C.Y. & Tzeng, Larry Y., 2013. "Does mortality improvement increase equity risk premiums? A risk perception perspective," Journal of Empirical Finance, Elsevier, vol. 22(C), pages 67-77.
    51. Ferro, Gustavo, 2008. "On annuities: an overview of the issues," MPRA Paper 20209, University Library of Munich, Germany, revised Oct 2009.
    52. Hagen, Johannes & Hallberg, Daniel & Sjögren Lindquist, Gabriella, 2021. "A Nudge to Quit? The Effect of a Change in Pension Information on Annuitization, Labour Supply, and Retirement Choices Among Older Workers," GLO Discussion Paper Series 209 [pre.], Global Labor Organization (GLO).
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    206. John Payne & Namika Sagara & Suzanne Shu & Kirstin Appelt & Eric Johnson, 2013. "Life expectancy as a constructed belief: Evidence of a live-to or die-by framing effect," Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 27-50, February.
    207. Nick Draper & André Nibbelink & Johannes Uhde, 2013. "An Assessment of Alternatives for the Dutch First Pension Pillar, The Design of Pension Schemes," CPB Discussion Paper 259, CPB Netherlands Bureau for Economic Policy Analysis.
    208. Ander Iraizoz, 2025. "Perception and Salience of Social Security Contribution Incentives: Evidence from Voluntary Contributions," CESifo Working Paper Series 11636, CESifo.
    209. Peijnenburg, J.M.J. & Nijman, T.E. & Werker, B.J.M., 2010. "Health Cost Risk and Optimal Retirement Provision : A Simple Rule for Annuity Demand," Discussion Paper 2010-14, Tilburg University, Center for Economic Research.
    210. Bonilla, Claudio A. & Tapia, Pablo & Ruiz, Jose Luis, 2024. "Are annuities an inferior or normal good? Evidence from a less-developed country," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 724-734.
    211. Jeffrey R. Brown & Amy Finkelstein, 2004. "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market," NBER Working Papers 10989, National Bureau of Economic Research, Inc.
    212. Chao Qiao & Michael Sherris, 2013. "Managing Systematic Mortality Risk With Group Self-Pooling and Annuitization Schemes," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(4), pages 949-974, December.
    213. Bonekamp, Johan & van Soest, Arthur, 2022. "Evidence of behavioural life-cycle features in spending patterns after retirement," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    214. Thalita A. Vaz & Sérgio J. Machado & Adriana B. Bortoluzzo, 2011. "Estimation of Conversion Rates into Annuities: A Brazilian Perspective," Business and Economics Working Papers 139, Unidade de Negocios e Economia, Insper.
    215. Federica Teppa, 2011. "Can the longevity risk alleviate The annuitization puzzle? Empirical evidence from Dutch data," Working Papers 223, ECINEQ, Society for the Study of Economic Inequality.
    216. Leora Friedberg & Anthony Webb, 2006. "Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk," NBER Working Papers 11984, National Bureau of Economic Research, Inc.
    217. Park, Seyoung, 2015. "A generalization of Yaari’s result on annuitization with optimal retirement," Economics Letters, Elsevier, vol. 137(C), pages 17-20.
    218. Heijdra, Ben J. & Mierau, Jochen O., 2012. "The individual life-cycle, annuity market imperfections and economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 36(6), pages 876-890.
    219. Torben M. Andersen & Marias H. Gestsson, 2021. "Annuitization and aggregate mortality risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 79-99, March.
    220. Mouna Zerriaa & Mohamed Marouen Amiri & Hedi Noubbigh & Kamel Naoui, 2017. "Determinants of Life Insurance Demand in Tunisia," African Development Review, African Development Bank, vol. 29(1), pages 69-80, March.
    221. Yuh, Yoonkyung & Yang, Jaehwan, 2011. "The Valuation and Redistribution Effect of the Korea National Pension," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 52(1), pages 113-142, June.
    222. Lopes, Paula & Michaelides, Alexander, 2007. "Rare events and annuity market participation," Finance Research Letters, Elsevier, vol. 4(2), pages 82-91, June.
    223. Antoine Bommier & François Grand, 2014. "Too risk averse to purchase insurance?," Journal of Risk and Uncertainty, Springer, vol. 48(2), pages 135-166, April.
    224. Naqun Huang & Jing Li & Amanda Ross, 2022. "Housing wealth shocks, home equity withdrawal, and the claiming of Social Security retirement benefits," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 620-644, April.
    225. Moshe A. Milevsky & Thomas S. Salisbury, 2021. "Refundable income annuities: Feasibility of money-back guarantees," Papers 2111.01239, arXiv.org.
    226. Hans Fehr, 2009. "Computable Stochastic Equilibrium Models and Their Use in Pension- and Ageing Research," De Economist, Springer, vol. 157(4), pages 359-416, December.
    227. Feng Runhuan & Liang Zongxia & Song Yilun, 2025. "Decentralized Annuity: A Quest for the Holy Grail of Lifetime Financial Security," Papers 2502.13742, arXiv.org.
    228. Andreas Richter & Jörg Schiller & Harris Schlesinger, 2014. "Behavioral insurance: Theory and experiments," Journal of Risk and Uncertainty, Springer, vol. 48(2), pages 85-96, April.
    229. Schuhmacher, Petra, 2008. "The Demand for Enhanced Annuities," Discussion Papers in Business Administration 7954, University of Munich, Munich School of Management.
    230. Abigail Hurwitz & Orly Sade, 2025. "Is One Plus One Always Two? Insuring Longevity Risk While Having Multiple Savings Accounts," Management Science, INFORMS, vol. 71(5), pages 4474-4494, May.
    231. André Masson, 2015. "L’épargnant propriétaire face à ses vieux jours," Revue française d'économie, Presses de Sciences-Po, vol. 0(2), pages 129-177.
    232. Liran Einav & Amy Finkelstein & Paul Schrimpf, 2007. "The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market," NBER Working Papers 13228, National Bureau of Economic Research, Inc.
    233. Horneff, Wolfram & Maurer, Raimond & Rogalla, Ralph, 2010. "Dynamic portfolio choice with deferred annuities," Journal of Banking & Finance, Elsevier, vol. 34(11), pages 2652-2664, November.
    234. Nurin Haniah Asmuni & Ken Seng Tan & Sachi Purcal, 2022. "The Impact of Health Impairment on Optimal Annuitization for Retirees," Risks, MDPI, vol. 10(4), pages 1-21, April.
    235. Lin, Zhenmei & Lai, Chong & Li, Rui, 2025. "Optimal consumption and portfolio selection for retirees under inflation and pension default risk," The North American Journal of Economics and Finance, Elsevier, vol. 79(C).
    236. Cui, J. & Ponds, E.H.M., 2010. "Can internal swap markets enhance welfare in defined contribution plans?," Other publications TiSEM 09cd56cd-3c3b-4c8c-9b93-a, Tilburg University, School of Economics and Management.
    237. Li, Wenyuan & Wei, Pengyu, 2025. "Optimal life insurance and annuity decisions under money illusion," Insurance: Mathematics and Economics, Elsevier, vol. 125(C).
    238. Christian Knoller, 2016. "MULTIPLE REFERENCE POINTS AND THE DEMAND FOR PRINCIPAL-PROTECTED LIFE ANNUITIES: An EXPERIMENTAL ANALYSIS," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 163-179, January.
    239. Wolfram J. Horneff & Raimond H. Maurer & Olivia S. Mitchell & Michael Z. Stamos, 2008. "Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts," NBER Working Papers 14055, National Bureau of Economic Research, Inc.
    240. Lambregts, Timo R. & Schut, Frederik T., 2020. "Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    241. Koo, Bonsoo & Pantelous, Athanasios A. & Wang, Yunxiao, 2022. "Novel utility-based life cycle models to optimise income in retirement," European Journal of Operational Research, Elsevier, vol. 299(1), pages 346-361.
    242. Agnese Romiti & Mariacristina Rossi, 2014. "Wealth decumulation, portfolio composition and financial literacy among European elderly," Carlo Alberto Notebooks 375, Collegio Carlo Alberto.
    243. David E. Rappoport, 2016. "Do Mortgage Subsidies Help or Hurt Borrowers?," Finance and Economics Discussion Series 2016-081, Board of Governors of the Federal Reserve System (U.S.).
    244. Lee Lockwood, 2012. "Bequest Motives and the Annuity Puzzle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 226-243, April.
    245. Oded Palmon & Avia Spivak, 2007. "Adverse selection and the market for annuities," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(1), pages 37-59, June.
    246. Caliendo, Frank N. & Gorry, Aspen & Slavov, Sita, 2020. "Survival ambiguity and welfare," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 20-42.
    247. Torben M. Andersen & Cecilie Marie Løchte Jørgensen, 2024. "The Distributional Implications of Pension Benefit Indexation," CESifo Working Paper Series 10943, CESifo.
    248. Roman N. Schulze & Thomas Post, 2010. "Individual Annuity Demand Under Aggregate Mortality Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(2), pages 423-449, June.

  41. Jeffrey R. Brown & Randall S. Kroszner & Brian H. Jenn, 2002. "Federal Terrorism Risk Insurance," NBER Working Papers 9271, National Bureau of Economic Research, Inc.

    Cited by:

    1. Brown, Jeffrey R. & Cummins, J. David & Lewis, Christopher M. & Wei, Ran, 2004. "An empirical analysis of the economic impact of federal terrorism reinsurance," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 861-898, July.
    2. Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2011. "The Economics of Terrorism and Counter-Terrorism: A Survey (Part II)," Economics of Security Working Paper Series 45, DIW Berlin, German Institute for Economic Research.
    3. Chetty, Nadarajan & Finkelstein, Amy Nadya, 2013. "Social Insurance: Connecting Theory to Data," Scholarly Articles 34330197, Harvard University Department of Economics.
    4. Barker, David, 2003. "Terrorism insurance subsidies and social welfare," Journal of Urban Economics, Elsevier, vol. 54(2), pages 328-338, September.
    5. Howard Kunreuther & Erwann Michel-Kerjan & Beverly Porter, 2003. "Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism," NBER Working Papers 10179, National Bureau of Economic Research, Inc.
    6. Amegashie, J.A. & Kutsoati, E., 2003. "Optimal Terror Alerts Under Asymmetric Information," Working Papers 2003-6, University of Guelph, Department of Economics and Finance.
    7. Andrés Solimano, 2003. "Prevention and Insurance of Conflict and Terrorism: Issues and Evidence for Latin America," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(121), pages 617-625.
    8. Woodard, Joshua, 2016. "Estimation of Insurance Deductible Demand under Endogenous Premium Rates," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236151, Agricultural and Applied Economics Association.
    9. Lakdawalla, Darius & Zanjani, George, 2005. "Insurance, self-protection, and the economics of terrorism," Journal of Public Economics, Elsevier, vol. 89(9-10), pages 1891-1905, September.

  42. Jeffrey R. Brown & Scott J. Weisbenner, 2002. "Is a Bird in Hand Worth More than a Bird in the Bush? Intergenerational Transfers and Savings Behavior," NBER Working Papers 8753, National Bureau of Economic Research, Inc.

    Cited by:

    1. Hisam Kim, 2010. "Intergenerational Transfers and Old-Age Security in Korea," NBER Chapters, in: The Economic Consequences of Demographic Change in East Asia, pages 227-278, National Bureau of Economic Research, Inc.
    2. Bhattacharya, Jay & Lakdawalla, Darius, 2006. "Does Medicare benefit the poor?," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 277-292, January.
    3. Peter Mooslechner & Martin Schürz & Pirmin Fessler, 2008. "How Inheritances Relate to Wealth Distribution? Theoretical Reasoning and Empirical Evidence on the Basis of LWS Data," LWS Working papers 6, LIS Cross-National Data Center in Luxembourg.
    4. Blackburn, Keith & Cipriani, Giam Pietro, 2005. "Intergenerational transfers and demographic transition," Journal of Development Economics, Elsevier, vol. 78(1), pages 191-214, October.
    5. Edward Wolff & Maury Gittleman, 2014. "Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(4), pages 439-468, December.

  43. Jeffrey R. Brown, 2002. "Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity," NBER Working Papers 9256, National Bureau of Economic Research, Inc.

    Cited by:

    1. Maria Alexandrova & Nadine Gatzert, 2019. "What Do We Know About Annuitization Decisions?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(1), pages 57-100, March.
    2. Lau, Sau-Him Paul & Ying, Yinan & Zhang, Qilin, 2024. "Uniqueness of equilibrium with survival probability heterogeneity and endogenous annuity price," Insurance: Mathematics and Economics, Elsevier, vol. 119(C), pages 146-156.
    3. Alvarez, Jesús-Adrián & Kallestrup-Lamb, Malene & Kjærgaard, Søren, 2021. "Linking retirement age to life expectancy does not lessen the demographic implications of unequal lifespans," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 363-375.
    4. Gong, Guan & Webb, Anthony, 2010. "Evaluating the Advanced Life Deferred Annuity -- An annuity people might actually buy," Insurance: Mathematics and Economics, Elsevier, vol. 46(1), pages 210-221, February.
    5. Thomas Post & Helmut Gründl & Hato Schmeiser, 2006. "Portfolio management and retirement: what is the best arrangement for a family?," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 20(3), pages 265-285, September.
    6. Butler, Monika & Teppa, Federica, 2005. "Should You Take a Lump-Sum or Annuitize? Results from Swiss Pension Funds," CEPR Discussion Papers 5316, Centre for Economic Policy Research.
    7. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    8. David Blake & Tom Boardman, 2014. "Spend More Today Safely: Using Behavioral Economics to Improve Retirement Expenditure Decisions With SPEEDOMETER Plans," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 83-112, March.
    9. Tiantian Dai & Wei Sun & Anthony Webb, 2024. "How do subjective mortality beliefs affect the value of social security and the optimal claiming ages?," International Studies of Economics, John Wiley & Sons, vol. 19(1), pages 92-116, March.
    10. James M. Carson & James S. Doran & Randy E. Dumm, 2011. "Market Discipline in the Individual Annuity Market," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 14(1), pages 27-47, March.
    11. Marie-Louise Leroux & Pierre Pestieau & Grégory Ponthière, 2014. "Longévité différentielle et redistribution : enjeux théoriques et empiriques," PSE Working Papers halshs-01071723, HAL.
    12. Huang, Rachel J. & Tsai, Jeffrey T. & Tzeng, Larry Y., 2008. "Government-provided annuities under insolvency risk," Insurance: Mathematics and Economics, Elsevier, vol. 43(3), pages 377-385, December.
    13. Zhang, Jinggong & Zhu, Xiaobai & Wei, Wei, 2026. "Welfare-enhancing annuity divisor for notional defined contribution design," Insurance: Mathematics and Economics, Elsevier, vol. 126(C).
    14. Sanders, E.A.T. & De Waegenaere, A.M.B. & Nijman, T.E., 2010. "When Can Insurers Offer Products That Dominate Delayed Old-Age Pension Benefit Claiming?," Discussion Paper 2010-43, Tilburg University, Center for Economic Research.
    15. Sanchez-Romero, Miguel, 2005. "“Welfare Gains and Annuities Demand”," Working Papers in Economic Theory 2005/02, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    16. Wei Zheng & Zining Liu & Ruo Jia, 2019. "How private sector participation improves retirement preparation: A case from China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(1), pages 123-147, January.
    17. Hato Schmeiser & Thomas Post, 2005. "Life Annuity Insurance Versus Self‐Annuitization: An Analysis From the Perspective of the Family," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 8(2), pages 239-255, September.
    18. Wong, Jackie S.T. & Forster, Jonathan J. & Smith, Peter W.F., 2018. "Bayesian mortality forecasting with overdispersion," Insurance: Mathematics and Economics, Elsevier, vol. 83(C), pages 206-221.
    19. Post, Thomas & Hanewald, Katja, 2010. "Stochastic mortality, subjective survival expectations, and individual saving behavior," SFB 649 Discussion Papers 2010-040, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    20. De-Lei Sheng & Linfeng Shi & Danping Li & Yanping Zhao, 2022. "Manage Pension Deficit with Heterogeneous Insurance," Methodology and Computing in Applied Probability, Springer, vol. 24(2), pages 1119-1141, June.
    21. Antonio Abatemarco & Chiara Ardito & Roberto Leombruni & Maria Russolillo, 2025. "Unfair Redistribution in Actuarially Unfair Pension Schemes: Evidence from Italy," CELPE Discussion Papers 173, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    22. Guan Gong & Anthony Webb, 2008. "Mortality Heterogeneity and the Distributional Consequences of Mandatory Annuitization," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 1055-1079, December.
    23. Daniel Vuuren, 2014. "Flexible Retirement," Journal of Economic Surveys, Wiley Blackwell, vol. 28(3), pages 573-593, July.
    24. David McCarthy, 2004. "Decaying Asymmetric Information and Adverse Selection in Annuities," Working Papers wp080, University of Michigan, Michigan Retirement Research Center.
    25. Hoynes, Hilary W. & Luttmer, Erzo F.P., 2012. "Reprint of: The insurance value of state tax-and-transfer programs," Journal of Public Economics, Elsevier, vol. 96(11), pages 1110-1128.
    26. Markus Rieger‐Fels, 2024. "Why do people buy insurance? A modern answer to an old question," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 27(1), pages 89-114, April.
    27. John A. Turner, 2007. "Work at Older Ages: Is Raising the Early Retirement Age an Option for Social Security Reform?," Working Papers, Center for Retirement Research at Boston College wp2007-13, Center for Retirement Research, revised Jun 2007.
    28. Yang, Jaehwan & Yuh, Yoonkyung, 2019. "Reverse Mortgages for Managing Longevity Risk in Korea," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 60(1), pages 21-40, June.
    29. Thomas Post & Helmut Gründl & Joan T. Schmit & Anja Zimmer, 2014. "The Impact of Investment Behaviour for Individual Welfare," Economica, London School of Economics and Political Science, vol. 81(321), pages 15-47, January.
    30. Rachel J. Huang & Larry Y. Tzeng, 2008. "Consumption Externality and Equilibrium Underinsurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 1039-1054, December.
    31. Blake, David & Boardman, Tom, 2010. "Spend more today: Using behavioural economics to improve retirement expenditure decisions," MPRA Paper 34234, University Library of Munich, Germany.
    32. Moshe A. Milevsky & Thomas S. Salisbury & Robyn Allen, 2025. "Equitable Longevity Risk Sharing or, the raison d'\^etre for a First Nations Pension Plan," Papers 2512.00122, arXiv.org.
    33. Moshe A. Milevsky, 2018. "Swimming with Wealthy Sharks: Longevity, Volatility and the Value of Risk Pooling," Papers 1811.11326, arXiv.org.
    34. Thomas Davidoff & Jeffrey R. Brown & Peter A. Diamond, 2005. "Annuities and Individual Welfare," American Economic Review, American Economic Association, vol. 95(5), pages 1573-1590, December.
    35. Mr. George A Mackenzie, 2002. "The Role of Private Sector Annuities Markets in an Individual Accounts Reform of a Public Pension Plan," IMF Working Papers 2002/161, International Monetary Fund.
    36. Thaut, Michael, 2003. "Die individuelle Vorteilhaftigkeit der privaten Rentenversicherung: Steuervorteile, Lebenserwartung und Stornorisiken," Tübinger Diskussionsbeiträge 264, University of Tübingen, School of Business and Economics.
    37. Friedrich Breyer, 2004. "Auf Leben und Tod – Steigende Lebenserwartung und Sozialversicherung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(2), pages 227-241, May.
    38. Eytan Sheshinski & Frank N. Caliendo, 2021. "Social Security and the increasing longevity gap," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(1), pages 29-52, February.
    39. Hans Fehr & Christian Habermann, 2010. "Private retirement savings and mandatory annuitization," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 17(6), pages 640-661, December.
    40. Jesús-Adrián Álvarez & Malene Kallestrup-Lamb & Søren Kjærgaard, 2020. "Linking retirement age to life expectancy does not lessen the demographic implications of unequal lifespans," CREATES Research Papers 2020-17, Department of Economics and Business Economics, Aarhus University.
    41. Robert L. Clark & Linda S. Ghent & Ann A. McDermed, 2006. "Pension Plan Choice among University Faculty," Southern Economic Journal, John Wiley & Sons, vol. 72(3), pages 560-577, January.
    42. Carlos Vidal-Melia & Ana Lejárraga-García, 2004. "The Bequest Motive And Single People’S Demand For Life Annuities," Public Economics 0405005, University Library of Munich, Germany.
    43. Xiaoyu Dong & Hong Li & Kenneth Q. Zhou & Xiaobai Zhu, 2026. "Mortality Heterogeneity and Actuarial Fairness in China's Notional Defined Contribution Pension System," Papers 2605.17768, arXiv.org.
    44. Olivia S. Mitchell, 2001. "Developments in Decumulation: The Role of Annuity Products in Financing Retirement," NBER Working Papers 8567, National Bureau of Economic Research, Inc.
    45. Yuh, Yoonkyung & Yang, Jaehwan, 2011. "The Valuation and Redistribution Effect of the Korea National Pension," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 52(1), pages 113-142, June.
    46. Hoynes, Hilary W. & Luttmer, Erzo F.P., 2011. "The insurance value of state tax-and-transfer programs," Journal of Public Economics, Elsevier, vol. 95(11), pages 1466-1484.
    47. Thomas Post & Katja Hanewald, 2011. "Longevity Risk, Subjective Survival Expectations, and Individual Saving Behavior," Working Papers 201111, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    48. Hurwitz, Abigail & Sade, Orly & Winter, Eyal, 2020. "Unintended consequences of minimum annuity laws: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 169(C), pages 208-222.
    49. Nurin Haniah Asmuni & Ken Seng Tan & Sachi Purcal, 2022. "The Impact of Health Impairment on Optimal Annuitization for Retirees," Risks, MDPI, vol. 10(4), pages 1-21, April.
    50. Yassmin Ali & Ming Fang & Pablo A. Arrutia Sota & Stephen Taylor & Xun Wang, 2019. "Social Security Benefit Valuation, Risk, and Optimal Retirement," Risks, MDPI, vol. 7(4), pages 1-31, December.
    51. Oded Palmon & Avia Spivak, 2007. "Adverse selection and the market for annuities," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(1), pages 37-59, June.

  44. Jeffrey R. Brown & Mark J. Warshawsky, 2001. "Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues," NBER Working Papers 8064, National Bureau of Economic Research, Inc.

    Cited by:

    1. William G. Gale & Joel B. Slemrod, 2001. "Rethinking the Estate and Gift Tax: Overview," NBER Working Papers 8205, National Bureau of Economic Research, Inc.
    2. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    3. Nosi, Costanza & D’Agostino, Antonella & Maria Pagliuca, Margherita & Alberto Pratesi, Carlo, 2014. "Saving for old age: Longevity annuity buying intention of Italian young adults," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 51(C), pages 85-98.
    4. Thomas Davidoff & Jeffrey R. Brown & Peter A. Diamond, 2003. "Annuities and Individual Welfare," NBER Working Papers 9714, National Bureau of Economic Research, Inc.
    5. Bell, Adrian & Sutcliffe, Charles, 2010. "Valuing medieval annuities: Were corrodies underpriced?," Explorations in Economic History, Elsevier, vol. 47(2), pages 142-157, April.
    6. Blake, David & Cairns, Andrew J. G. & Dowd, Kevin, 2003. "Pensionmetrics 2: stochastic pension plan design during the distribution phase," Insurance: Mathematics and Economics, Elsevier, vol. 33(1), pages 29-47, August.
    7. Michael D. Hurd & James P. Smith & Julie M. Zissimopoulos, 2002. "The Effects of Subjective Survival on Retirement and Social Security Claiming," NBER Working Papers 9140, National Bureau of Economic Research, Inc.
    8. Moshe A. Milevsky & Virginia R. Young, 2015. "Annuitization and asset allocation," Papers 1506.05990, arXiv.org.
    9. Svetlana Pashchenko, 2010. "Accounting for non-annuitization," 2010 Meeting Papers 563, Society for Economic Dynamics.
    10. Cassio M. Turra & Olivia S. Mitchell, 2004. "The Impact of Health Status and Out-of-Pocket Medical Expenditures on Annuity Valuation," Working Papers wp086, University of Michigan, Michigan Retirement Research Center.
    11. Devis Geron, 2011. "Severance Pay or Pension Funds?," "Marco Fanno" Working Papers 0139, Dipartimento di Scienze Economiche "Marco Fanno".
    12. Jeff Dominitz & Angela Hung & Arthur vanSoest, 2007. "Future Beneficiary Expectations of the Returns to Delayed Social Security Benefit Claiming and Choice Behavior," Working Papers wp164, University of Michigan, Michigan Retirement Research Center.
    13. Bonnie‐Jeanne MacDonald & Andrew J. G. Cairns, 2009. "Getting Feedback on Defined Contribution Pension Plans," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(2), pages 385-417, June.
    14. Josiah, J. & Gough, O. & Haslam, J. & Shah, N., 2014. "Corporate reporting implication in migrating from defined benefit to defined contribution pension schemes: A focus on the UK," Accounting forum, Elsevier, vol. 38(1), pages 18-37.
    15. Jeffrey Brown & James Poterba, 2006. "Household Ownership of Variable Annuities," NBER Working Papers 11964, National Bureau of Economic Research, Inc.
    16. Jeffrey R. Brown, 2007. "Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning," NBER Working Papers 13537, National Bureau of Economic Research, Inc.
    17. Costanza Nosi & Antonella D’Agostino & Margherita Pagliuca & Carlo Alberto Pratesi, 2017. "Securing Retirement at a Young Age. Exploring the Intention to Buy Longevity Annuities through an Extended Version of the Theory of Planned Behavior," Sustainability, MDPI, vol. 9(6), pages 1-20, June.
    18. Alexis Direr, 2010. "Flexible Life Annuities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(1), pages 43-55, February.
    19. Sven H. Sinclair & Kent A. Smetters, 2004. "Health Shocks and the Demand for Annuities: Technical Paper 2004-09," Working Papers 15868, Congressional Budget Office.
    20. Olivia S. Mitchell, 2001. "Developments in Decumulation: The Role of Annuity Products in Financing Retirement," NBER Working Papers 8567, National Bureau of Economic Research, Inc.
    21. Andrew A. Samwick & Jonathan Skinner, 2004. "How Will 401(k) Pension Plans Affect Retirement Income?," American Economic Review, American Economic Association, vol. 94(1), pages 329-343, March.
    22. Leiser, David & Azar, Ofer H. & Hadar, Liat, 2008. "Psychological construal of economic behavior," Journal of Economic Psychology, Elsevier, vol. 29(5), pages 762-776, November.
    23. Hurwitz, Abigail & Sade, Orly & Winter, Eyal, 2020. "Unintended consequences of minimum annuity laws: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 169(C), pages 208-222.
    24. Abigail Hurwitz & Orly Sade, 2025. "Is One Plus One Always Two? Insuring Longevity Risk While Having Multiple Savings Accounts," Management Science, INFORMS, vol. 71(5), pages 4474-4494, May.

  45. Jeffrey R. Brown, 2000. "How Should We Insure Longevity Risk In Pensions And Social Security?," Issues in Brief ib-4, Center for Retirement Research.

    Cited by:

    1. Erin Cottle Hunt & Frank N. Caliendo, 2022. "Social security and longevity risk: An analysis of couples," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(3), pages 547-579, June.
    2. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    3. Adam Creighton & Henry Hongbo Jin & John Piggott & Emiliano A. Valdez, 2005. "Longevity Insurance: A Missing Market," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 50(spec0), pages 417-435.
    4. David C. Webb, 2009. "Asymmetric Information, Long‐Term Care Insurance, and Annuities: The Case for Bundled Contracts," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 53-85, March.
    5. Webb, David C., 2006. "Long-term care insurance, annuities and asymmetric information: the case for bundling contracts," LSE Research Online Documents on Economics 24507, London School of Economics and Political Science, LSE Library.
    6. Palmer, Edward, 2008. "The market for retirement products in Sweden," Policy Research Working Paper Series 4748, The World Bank.
    7. Diamond, Peter, 2002. "Public Finance Theory - Then and Now," Journal of Public Economics, Elsevier, vol. 86(3), pages 311-317, December.
    8. Fang, H., 2016. "Insurance Markets for the Elderly," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 237-309, Elsevier.
    9. Olivia S. Mitchell, 2001. "Developments in Decumulation: The Role of Annuity Products in Financing Retirement," NBER Working Papers 8567, National Bureau of Economic Research, Inc.
    10. Hinrichs, Karl, 2004. "Active Citizens and Retirement Planning: Enlarging Freedom of Choice in the Course of Pension Reforms in Nordic Countries and Germany," Working papers of the ZeS 11/2004, University of Bremen, Centre for Social Policy Research (ZeS).

  46. Jeffrey R. Brown & Austan Goolsbee, 2000. "Does the Internet Make Markets More Competitive?," NBER Working Papers 7996, National Bureau of Economic Research, Inc.

    Cited by:

    1. Florian Zettelmeyer & Fiona Scott Morton & Jorge Silva-Risso, 2005. "How the Internet Lowers Prices: Evidence from Matched Survey and Auto Transaction Data," NBER Working Papers 11515, National Bureau of Economic Research, Inc.
    2. Rune Stenbacka, 2002. "Microeconomic Policies in the New Economy," Finnish Economic Papers, Finnish Economic Association, vol. 15(2), pages 59-75, Autumn.
    3. Wafik Grais & Zeynep Kantur, 2002. "The Changing Financial Landscape: Opportunities and Challenges for The Middle East and North Africa," Working Papers 0208, Economic Research Forum, revised 14 Mar 2002.
    4. Alan T. Sorensen, 2001. "An Empirical Model of Heterogeneous Consumer Search for Retail Prescription Drugs," NBER Working Papers 8548, National Bureau of Economic Research, Inc.
    5. Cader, Hanas A., 2008. "The Evolution of the Knowledge Economy," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(2), pages 1-13.
    6. Baohong Sun, 2006. "—Dynamic Structural Consumer Models and Current Marketing Issues," Marketing Science, INFORMS, vol. 25(6), pages 625-628, 11-12.
    7. Arup Daripa & Sandeep Kapur, 2003. "Pricing on the Internet," Microeconomics 0312007, University Library of Munich, Germany.
    8. Emin M. Dinlersoz & Ruben Hernandez-Murillo & Han Li & Roger Sherman, 2006. "Information and drug prices: evidence from the Medicare discount drug card program," Working Papers 2005-072, Federal Reserve Bank of St. Louis.
    9. Watanabe Watanabe, Makoto, 2006. "Inflation, price competition and consumer search technology," UC3M Working papers. Economics we065623, Universidad Carlos III de Madrid. Departamento de Economía.
    10. Mark V. Pauly & Kate H. Withers & Krupa Subramanian-Viswana & Jean Lemaire & John C. Hershey, 2003. "Price Elasticity of Demand for Term Life Insurance and Adverse Selection," NBER Working Papers 9925, National Bureau of Economic Research, Inc.
    11. Austan Goolsbee, 2001. "Competition in the Computer Industry," NBER Working Papers 8351, National Bureau of Economic Research, Inc.
    12. Spiekermann, Sarah & Strobel, Martin & Temme, Dirk, 2002. "Drivers and impediments of consumer online information search: Self-controlled versus agent-based search in a high involvement context," SFB 373 Discussion Papers 2002,37, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    13. Paul DiMaggio & Eszter Hargittai & Coral Celeste & Steven Shafer, 2003. "From Unequal Access to Differentiated Use: A Literature Review and Agenda for Research on Digital Inequality," Working Papers 29, Princeton University, School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    14. D'Urso, Victoria T., 2003. "Home Buyer Search Duration and the Internet," Working papers 4271-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    15. Dinlersoz, Emin M. & Yorukoglu, Mehmet, 2008. "Informative advertising by heterogeneous firms," Information Economics and Policy, Elsevier, vol. 20(2), pages 168-191, June.
    16. Cigan, Heidi, 2002. "The internet's contribution to progress and growth in Germany: The economic impact of the internet and the price structure of access," HWWA Reports 216, Hamburg Institute of International Economics (HWWA).
    17. Micco, Alejandro & Chong, Alberto E., 2002. "The Internet and the Ability to Innovate in Latin America," IDB Publications (Working Papers) 1432, Inter-American Development Bank.
    18. Cigan, Heidi, 2002. "The Internet's Contribution to Progress and Growth in Germany: The Economic Impact of the Internet and the Price Structure of Access," Report Series 26072, Hamburg Institute of International Economics.
    19. Diegmann, André, 2019. "The internet effects on sex crime offenses - Evidence from the German broadband internet expansion," Journal of Economic Behavior & Organization, Elsevier, vol. 165(C), pages 82-99.
    20. Visser, Robin, 2019. "The effect of the internet on the margins of trade," Information Economics and Policy, Elsevier, vol. 46(C), pages 41-54.
    21. Fiona Scott Morton & Florian Zettelmeyer & Jorge Silva Risso, 2000. "Internet Car Retailing," NBER Working Papers 7961, National Bureau of Economic Research, Inc.
    22. Scott Schuh & Oz Shy & Joanna Stavins & Robert K. Triest, 2011. "An economic analysis of the 2010 proposed settlement between the Department of Justice and credit card networks," Public Policy Discussion Paper 11-4, Federal Reserve Bank of Boston.
    23. Sophie Larribeau & Thierry Pénard, 2002. "Le commerce électronique en France : un essai de mesure sur le marché des CD," Économie et Statistique, Programme National Persée, vol. 355(1), pages 27-46.
    24. Yuxin Chen & Ganesh Iyer & V. Padmanabhan, 2002. "Referral Infomediaries," Marketing Science, INFORMS, vol. 21(4), pages 412-434, May.
    25. Stefan W. Schmitz & Michael Latzer, 2002. "Competition in B2C eCommerce: Analytical Issues and Empirical Evidence," Industrial Organization 0211001, University Library of Munich, Germany.
    26. Erik Brynjolfsson & Astrid Dick & Michael Smith, 2010. "A nearly perfect market?," Quantitative Marketing and Economics (QME), Springer, vol. 8(1), pages 1-33, March.
    27. M. Kate Bundorf & Laurence Baker & Sara Singer & Todd Wagner, 2004. "Consumer Demand for Health Information on the Internet," NBER Working Papers 10386, National Bureau of Economic Research, Inc.
    28. Brynjolfsson, Erik & Dick, Astrid Andrea & Smith, Michael D., 2004. "Search and Product Differentiation at an Internet Shopbot," Working papers 4441-03, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    29. Roger Sherman, 2001. "The Future of Market Regulation," Southern Economic Journal, John Wiley & Sons, vol. 67(4), pages 782-800, April.
    30. Nolte, André, 2017. "The internet effects on sex crime and murder: Evidence from the broadband internet expansion in Germany," ZEW Discussion Papers 17-050, ZEW - Leibniz Centre for European Economic Research.

  47. Jeffrey R. Brown, 2000. "Differential Mortality and the Value of Individual Account Retirement Annuities," NBER Working Papers 7560, National Bureau of Economic Research, Inc.

    Cited by:

    1. Laun, Tobias & Markussen, Simen & Vigtel, Trond Christian & Wallenius, Johanna, 2019. "Health, longevity and retirement reform," Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 123-157.
    2. Alvarez, Jesús-Adrián & Kallestrup-Lamb, Malene & Kjærgaard, Søren, 2021. "Linking retirement age to life expectancy does not lessen the demographic implications of unequal lifespans," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 363-375.
    3. Katja Funke & Georg Stadtmann, 2004. "Operations of a Pension Fund after the Asian Crisis: The Thai Experience," Asian Economic Journal, East Asian Economic Association, vol. 18(4), pages 439-470, December.
    4. Adriaan Kalwij, 2014. "An empirical analysis of the importance of controlling for unobserved heterogeneity when estimating the income-mortality gradient," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 31(30), pages 913-940.
    5. Josep Pijoan-Mas & José-Víctor Ríos-Rull, 2014. "Heterogeneity in Expected Longevities," Demography, Springer;Population Association of America (PAA), vol. 51(6), pages 2075-2102, December.
    6. Dante Amengual & Jesus Bueren & Julio Crego, 2019. "Endogenous Health Groups and Heterogeneous Dynamics of the Elderly," 2019 Meeting Papers 332, Society for Economic Dynamics.
    7. Pijoan-Mas, Josep & Bohacek, Radim & Bueren, Jesus & Crespo, Laura & Mira, Pedro, 2018. "Inequality in Life Expectancies across Europe," CEPR Discussion Papers 13184, Centre for Economic Policy Research.
    8. Wei Sun & Anthony Webb, 2009. "How Much Do Households Really Lose By Claiming Social Security at Age 62?," Working Papers, Center for Retirement Research at Boston College wp2009-11, Center for Retirement Research, revised Apr 2009.
    9. Marie-Louise Leroux & Pierre Pestieau & Grégory Ponthière, 2014. "Longévité différentielle et redistribution : enjeux théoriques et empiriques," PSE Working Papers halshs-01071723, HAL.
    10. Zhang, Jinggong & Zhu, Xiaobai & Wei, Wei, 2026. "Welfare-enhancing annuity divisor for notional defined contribution design," Insurance: Mathematics and Economics, Elsevier, vol. 126(C).
    11. Jeffrey B. Liebman, 2001. "Redistribution in the Current U.S. Social Security System," NBER Working Papers 8625, National Bureau of Economic Research, Inc.
    12. Adriaan Kalwij & Rob Alessie & Marike Knoef, 2013. "The Association Between Individual Income and Remaining Life Expectancy at the Age of 65 in the Netherlands," Demography, Springer;Population Association of America (PAA), vol. 50(1), pages 181-206, February.
    13. Carlo Mazzaferro & Marco Savegnago, 2008. "Differential Mortality and Redistribution in the Italian Notional Defined Contribution System," Center for the Analysis of Public Policies (CAPP) 0047, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    14. Julia Lynn Coronado & Don Fullerton & Thomas Glass, 2000. "The Progressivity of Social Security," NBER Working Papers 7520, National Bureau of Economic Research, Inc.
    15. Jeffrey R. Brown, 2000. "How Should We Insure Longevity Risk In Pensions And Social Security?," Issues in Brief ib-4, Center for Retirement Research.
    16. Dante Amengual & Jesús Bueren & Julio A. Crego, 2021. "Endogenous health groups and heterogeneous dynamics of the elderly," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(7), pages 878-897, November.
    17. Shinichi Nishiyama & Kent Smetters, 2006. "Social Security Privatization with Income-Mortality Correlation," Working Papers wp140, University of Michigan, Michigan Retirement Research Center.
    18. Martin Feldstein & Elena Ranguelova, 2000. "Accumulated Pension Collars: A Market Approach to Reducing the Risk of Investment-Based Social Security Reform," NBER Working Papers 7861, National Bureau of Economic Research, Inc.
    19. Christine Eibner & William N. Evans, 2005. "Relative Deprivation, Poor Health Habits, and Mortality," Journal of Human Resources, University of Wisconsin Press, vol. 40(3).
    20. Jeffrey R. Brown, 2002. "Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity," NBER Working Papers 9256, National Bureau of Economic Research, Inc.
    21. Wei Sun & Teresa Ghilarducci & Michael Papadopoulos & Anthony Webb, 2019. "The Impact of a Social Security Proposal for "Catch-Up" Contributions," SCEPA working paper series. 2019-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    22. Liqun Liu & Andrew J. Rettenmaier, 2003. "Social Security Outcomes by Racial and Education Groups," Southern Economic Journal, John Wiley & Sons, vol. 69(4), pages 842-864, April.
    23. John S. Greenlees & James E. Duggan & Mr. Robert Gillingham, 2007. "Mortality and Lifetime Income: Evidence from U.S. Social Security Records," IMF Working Papers 2007/015, International Monetary Fund.
    24. Sven H. Sinclair & Kent A. Smetters, 2004. "Health Shocks and the Demand for Annuities: Technical Paper 2004-09," Working Papers 15868, Congressional Budget Office.
    25. Venti, Steven & Wise, David A., 2015. "The long reach of education: Early retirement," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 133-148.
    26. Julia Lynn Coronado & Don Fullerton & Thomas Glass, 2000. "Long Run Effects of Social Security Reform Proposals on Lifetime Progressivity," NBER Working Papers 7568, National Bureau of Economic Research, Inc.
    27. Hannah Landel & David A. Love & Paul A. Smith, 2026. "Inequality in Comprehensive Wealth," Finance and Economics Discussion Series 2026-007, Board of Governors of the Federal Reserve System (U.S.).
    28. Jesús-Adrián Álvarez & Malene Kallestrup-Lamb & Søren Kjærgaard, 2020. "Linking retirement age to life expectancy does not lessen the demographic implications of unequal lifespans," CREATES Research Papers 2020-17, Department of Economics and Business Economics, Aarhus University.
    29. Radim Boháček & Jesús Bueren & Laura Crespo & Pedro Mira & Josep Pijoan‐Mas, 2021. "Inequality in life expectancies across Europe and the US," Health Economics, John Wiley & Sons, Ltd., vol. 30(8), pages 1871-1885, August.
    30. Bovenberg, A.L. & Koijen, R.S.J. & Nijman, T.E. & Teulings, C.N., 2007. "Saving and investing over the life cycle and the role of collective pension funds," Other publications TiSEM 6eab1341-eda5-4f21-8c06-8, Tilburg University, School of Economics and Management.
    31. Jeffrey R. Brown & Julia Lynn Coronado & Don Fullerton, 2009. "is Social Security Part of the Social Safety Net?," CESifo Working Paper Series 2610, CESifo.
    32. Chiara Orsini, 2019. "The mortality effects of changing public funding for home health care: An empirical analysis of Medicare home health care in the United States," Health Economics, John Wiley & Sons, Ltd., vol. 28(7), pages 921-936, July.
    33. James, Estelle & Vittas, Dimitri, 2000. "Annuity markets in comparative perspective : do consumers get their money's wotrth?," Policy Research Working Paper Series 2493, The World Bank.

  48. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba, 2000. "Mortality Risk, Inflation Risk, and Annuity Products," NBER Working Papers 7812, National Bureau of Economic Research, Inc.

    Cited by:

    1. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    2. Jeffrey R. Brown & Mark J. Warshawsky, 2001. "Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues," NBER Working Papers 8064, National Bureau of Economic Research, Inc.
    3. Wojciech Kopczuk, 2003. "The Trick Is to Live: Is the Estate Tax Social Security for the Rich?," Journal of Political Economy, University of Chicago Press, vol. 111(6), pages 1318-1341, December.
    4. Alicia H. Munnell & Annika Sunden & Mauricio Soto & Catherine Taylor, 2002. "How Will The Rise In 401(K) Plans Affect Bequests?," Issues in Brief ib-10, Center for Retirement Research.
    5. Palmer, Edward, 2008. "The market for retirement products in Sweden," Policy Research Working Paper Series 4748, The World Bank.
    6. Impavido, Gregorio & Thorburn, Craig & Wadsworth, Mike, 2004. "A conceptual framework for retirement products : Risk sharing arrangements between providers and retirees," Policy Research Working Paper Series 3208, The World Bank.
    7. Jeffrey R. Brown, 2000. "How Should We Insure Longevity Risk In Pensions And Social Security?," Issues in Brief ib-4, Center for Retirement Research.
    8. Suzanne Doyle & Olivia S. Mitchell & John Piggott, 2001. "Annuity Values in Defined Contribution Retirement Systems: The Case of Singapore and Australia," NBER Working Papers 8091, National Bureau of Economic Research, Inc.
    9. Jeffrey R. Brown & Amy Finkelstein, 2004. "Supply or Demand: Why is the Market for Long-Term Care Insurance So Small?," NBER Working Papers 10782, National Bureau of Economic Research, Inc.
    10. Wei Sun & Teresa Ghilarducci & Michael Papadopoulos & Anthony Webb, 2019. "The Impact of a Social Security Proposal for "Catch-Up" Contributions," SCEPA working paper series. 2019-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    11. Jeffrey R. Brown, 2007. "Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning," NBER Working Papers 13537, National Bureau of Economic Research, Inc.
    12. Amy Finkelstein & James Poterba, 2000. "Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market," NBER Working Papers 8045, National Bureau of Economic Research, Inc.
    13. Carlos Vidal-Melia & Ana Lejárraga-García, 2004. "The Bequest Motive And Single People’S Demand For Life Annuities," Public Economics 0405005, University Library of Munich, Germany.
    14. Martin Feldstein & Jeffrey B. Liebman, 2001. "Social Security," NBER Working Papers 8451, National Bureau of Economic Research, Inc.
    15. Agnieszka Konicz & David Pisinger & Alex Weissensteiner, 2015. "Optimal annuity portfolio under inflation risk," Computational Management Science, Springer, vol. 12(3), pages 461-488, July.
    16. Olivia S. Mitchell, 2001. "Developments in Decumulation: The Role of Annuity Products in Financing Retirement," NBER Working Papers 8567, National Bureau of Economic Research, Inc.
    17. Leora Friedberg & Anthony Webb, 2006. "Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk," NBER Working Papers 11984, National Bureau of Economic Research, Inc.
    18. Jean-François Bégin, 2016. "Deflation Risk and Implications for Life Insurers," Risks, MDPI, vol. 4(4), pages 1-36, December.
    19. Andrew A. Samwick & Jonathan Skinner, 2004. "How Will 401(k) Pension Plans Affect Retirement Income?," American Economic Review, American Economic Association, vol. 94(1), pages 329-343, March.

  49. Brown, Jeffrey, 2000. "Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," Working Paper Series rwp00-007, Harvard University, John F. Kennedy School of Government.

    Cited by:

    1. Joel Waldfogel & Lu Chen, 2003. "Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Web Retailers," NBER Working Papers 9942, National Bureau of Economic Research, Inc.
    2. Liran Einav & Amy Finkelstein & Jonathan Levin, 2009. "Beyond Testing: Empirical Models of Insurance Markets," NBER Working Papers 15241, National Bureau of Economic Research, Inc.
    3. Shiyi Chen & Wanlin Liu & Hong Song, 2020. "Broadband Internet, Firm Performance, And Worker Welfare: Evidence And Mechanism," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1146-1166, July.
    4. Bellou, Andriana, 2013. "The Impact of Internet Diffusion on Marriage Rates: Evidence from the Broadband Market," IZA Discussion Papers 7316, IZA Network @ LISER.
    5. Judith Chevalier & Austan Goolsbee, 2003. "Measuring Prices and Price Competition Online: Amazon.com and BarnesandNoble.com," Quantitative Marketing and Economics (QME), Springer, vol. 1(2), pages 203-222, June.
    6. Kyle Wilson, 2025. "Local Competition, Multimarket Contact, and Product Quality: Evidence From Internet Service Provision," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 66(4), pages 439-467, April.
    7. Kolko, Jed, 2006. "Why Should Governments Support Broadband Adoption?," MPRA Paper 3363, University Library of Munich, Germany.
    8. Junhong Chu & Pradeep Chintagunta & Javier Cebollada, 2008. "Research Note—A Comparison of Within-Household Price Sensitivity Across Online and Offline Channels," Marketing Science, INFORMS, vol. 27(2), pages 283-299, 03-04.
    9. Weon Sang Yoo & Eunkyu Lee, 2011. "Internet Channel Entry: A Strategic Analysis of Mixed Channel Structures," Marketing Science, INFORMS, vol. 30(1), pages 29-41, 01-02.
    10. Ginger Jin & Andrew Kato, 2004. "Consumer frauds and the uninformed: Evidence from an online field experiment," Natural Field Experiments 00275, The Field Experiments Website.
    11. Georg Götz & Daniel Herold & Phil-Adrian Klotz & Jan Thomas Schäfer, 2025. "The substitutability between brick-and-mortar stores and e-Commerce: the case of books," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 49(4), pages 811-854, December.
    12. Glenn Ellison & Sara Fisher Ellison, 2006. "Internet Retail Demand: Taxes, Geography, and Online-Offline Competition," NBER Working Papers 12242, National Bureau of Economic Research, Inc.
    13. Atabek Atayev & Maarten Janssen, 2024. "Information Acquisition And Diffusion In Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(2), pages 729-753, May.
    14. Maris Goldmanis & Ali Hortacsu & Chad Syverson & Onsel Emre, 2008. "E-commerce and the Market Structure of Retail Industries," NBER Working Papers 14166, National Bureau of Economic Research, Inc.
    15. Javier D. Donna & Pedro Pereira & Tiago Pires & André Trindade, 2022. "Measuring the Welfare of Intermediaries," Management Science, INFORMS, vol. 68(11), pages 8083-8115, November.
    16. Joonhyuk Yang & Eric T. Anderson & Brett R. Gordon, 2021. "Digitization and Flexibility: Evidence from the South Korean Movie Market," Marketing Science, INFORMS, vol. 40(5), pages 821-843, September.
    17. James D. Dana Jr. & Eugene Orlov Jr., 2014. "Internet Penetration and Capacity Utilization in the US Airline Industry," American Economic Journal: Microeconomics, American Economic Association, vol. 6(4), pages 106-137, November.
    18. Harris, Timothy F. & Yelowitz, Aaron & Courtemanche, Charles, 2020. "Did COVID-19 Change Life Insurance Offerings?," IZA Discussion Papers 13912, IZA Network @ LISER.
    19. Karle, Heiko & Peitz, Martin & Reisinger, Markus, 2017. "Segmentation versus agglomeration : competition between platforms with competitive sellers," Working Papers 17-03, University of Mannheim, Department of Economics.
    20. Radoslaw Paluszynski & Pei Cheng Yu, 2023. "Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 99-122, July.
    21. Beuermann, Diether, 2013. "Information and Communication Technology, Agricultural Profitability, and Child Labor in Rural Peru," IDB Publications (Working Papers) 4645, Inter-American Development Bank.
    22. Giulietti, Monica & Otero, Jesus & Waterson, Michael, 2007. "Pricing behaviour under competition in the UK electricity supply industry," The Warwick Economics Research Paper Series (TWERPS) 790, University of Warwick, Department of Economics.
    23. Harris-Lagoudakis, Katherine, 2023. "The effect of online shopping channels on brand choice, product exploration and price elasticities," International Journal of Industrial Organization, Elsevier, vol. 87(C).
    24. Kolko, Jed, 2007. "Dialing While Fishtailing: How Mobile Phones, Hands-Free Laws, and Driving Conditions Interact to Affect Traffic Fatalities," MPRA Paper 4135, University Library of Munich, Germany.
    25. Anindya Ghose & Avi Goldfarb & Sang Pil Han, 2013. "How Is the Mobile Internet Different? Search Costs and Local Activities," Information Systems Research, INFORMS, vol. 24(3), pages 613-631, September.
    26. Randy A. Nelson & Richard Cohen & Frederik Roy Rasmussen, 2007. "An Analysis of Pricing Strategy and Price Dispersion on the Internet," Eastern Economic Journal, Eastern Economic Association, vol. 33(1), pages 95-110, Winter.
    27. Ruth G. Gilgenbach, 2015. "Can a decline in search cost increase prices?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(4), pages 1381-1402, November.
    28. Vahagn Jerbashian & Anna Kochanova, 2012. "The Impact of Telecommunication Technologies on Competition in Services and Goods Markets: Empirical Evidence," CERGE-EI Working Papers wp463, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    29. David P. Byrne & Nicolas de Roos, 2017. "Consumer Search in Retail Gasoline Markets," Journal of Industrial Economics, Wiley Blackwell, vol. 65(1), pages 183-193, March.
    30. Yuxin Chen & Ganesh Iyer & Paddy Padmanabhan, 2001. "Referral Infomediaries and Retail Competition," Review of Marketing Science Working Papers 1-2-1014, Berkeley Electronic Press.
    31. Kim, Seongsu David & Cotwright, Marty & Chatterjee, Swarn, 2019. "Who are robo-advisor users?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(2), pages 33-50.
    32. Torsten J. Gerpott & Jan Berends, 2022. "Competitive pricing on online markets: a literature review," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(6), pages 596-622, December.
    33. Jeffrey R. Kling & Sendhil Mullainathan & Eldar Shafir & Lee Vermeulen & Marian Wrobel, 2011. "Comparison Friction: Experimental Evidence from Medicare Drug Plans," NBER Working Papers 17410, National Bureau of Economic Research, Inc.
    34. Florian Zettelmeyer & Fiona Scott Morton & Jorge Silva-Risso, 2005. "How the Internet Lowers Prices: Evidence from Matched Survey and Auto Transaction Data," NBER Working Papers 11515, National Bureau of Economic Research, Inc.
    35. Fernandes, Ana M. & Mattoo, Aaditya & Nguyen, Huy & Schiffbauer, Marc, 2019. "The internet and Chinese exports in the pre-ali baba era," Journal of Development Economics, Elsevier, vol. 138(C), pages 57-76.
    36. Emin M. Dinlersoz & Ruben Hernandez-Murillo & Han Li & Roger Sherman, 2008. "Drug prices under the medicare drug discount card program," Review, Federal Reserve Bank of St. Louis, vol. 90(Nov), pages 643-666.
    37. Genakos, Christos & Roumanias, Costas & Valletti, Tommaso, 2023. "Is having an expert “friend” enough? An analysis of consumer switching behavior in mobile telephony," Journal of Economic Behavior & Organization, Elsevier, vol. 213(C), pages 359-372.
    38. Loy, Jens-Peter & Weiss, Christoph R. & Glauben, Thomas, 2016. "Asymmetric cost pass-through? Empirical evidence on the role of market power, search and menu costs," Journal of Economic Behavior & Organization, Elsevier, vol. 123(C), pages 184-192.
    39. Wafik Grais & Zeynep Kantur, 2002. "The Changing Financial Landscape: Opportunities and Challenges for The Middle East and North Africa," Working Papers 0208, Economic Research Forum, revised 14 Mar 2002.
    40. Rune Stenbacka, 2002. "Microeconomic Policies in the New Economy," Finnish Economic Papers, Finnish Economic Association, vol. 15(2), pages 59-75, Autumn.
    41. Jonas Vandenbruaene & Jan Annaert & Marc De Ceuster, 2025. "How digitalization can shape markets: the case of sports betting," Economica, London School of Economics and Political Science, vol. 92(366), pages 644-673, April.
    42. Hemang Subramanian & Eric Overby, 2017. "Electronic Commerce, Spatial Arbitrage, and Market Efficiency," Information Systems Research, INFORMS, vol. 28(1), pages 97-116, March.
    43. Mats A. Bergman & David Granlund & Niklas Rudholm, 2017. "Squeezing the Last Drop Out of Your Suppliers: An Empirical Study of Market-Based Purchasing Policies for Generic Pharmaceuticals," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(6), pages 969-996, December.
    44. Feng Huang & Li Gan`, 2017. "The Impacts of China's Urban Employee Basic Medical Insurance on Healthcare Expenditures and Health Outcomes," Health Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 149-163, February.
    45. Cabral, Luís M. B. & Schober, Dominik & Woll, Oliver, 2019. "Search and equilibrium prices: Theory and evidence from retail diesel," ZEW Discussion Papers 19-018, ZEW - Leibniz Centre for European Economic Research.
    46. Lindgren, Charlie, 2021. "Discontinuities: What is the value of having the lowest price or highest consumer rating on a price comparison website?," HFI Working Papers 19, Institute of Retail Economics (Handelns Forskningsinstitut).
    47. Pereira, Pedro, 2005. "Do lower search costs reduce prices and price dispersion?," Information Economics and Policy, Elsevier, vol. 17(1), pages 61-72, January.
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    327. Eric Overby & Jonathan Clarke, 2012. "A Transaction-Level Analysis of Spatial Arbitrage: The Role of Habit, Attention, and Electronic Trading," Management Science, INFORMS, vol. 58(2), pages 394-412, February.
    328. Georges Dionne & Scott Harrington, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
    329. Liviu Ciucan-Rusu & Valentina Vasile & Daniel Stefan & Calin-Adrian Comes & Anamari-Beatrice Stefan & Mihai Timus & Anca Oltean & Elena Bunduchi & Maria-Alexandra Popa, 2022. "Consumers Behavior Determinants on Online Local Market Platforms in COVID-19 Pandemic—A Probit Qualitative Analysis," Mathematics, MDPI, vol. 10(22), pages 1-17, November.
    330. An Chen & Yusha Chen & Finbarr Murphy & Wei Xu & Xian Xu, 2023. "How does the insurer's mobile application sales strategy perform?," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(2), pages 487-519, June.
    331. Roger Sherman, 2001. "The Future of Market Regulation," Southern Economic Journal, John Wiley & Sons, vol. 67(4), pages 782-800, April.
    332. Tse, C.Y.Chung Yi, 2004. "Search frictions, market power, and long-run growth," Journal of Economic Theory, Elsevier, vol. 116(2), pages 323-346, June.
    333. Chun, Hyunbae & Kim, Jung-Wook & Lee, Jason, 2015. "How does information technology improve aggregate productivity? A new channel of productivity dispersion and reallocation," Research Policy, Elsevier, vol. 44(5), pages 999-1016.
    334. Allison Nicoletti & Christina Zhu, 2023. "Economic Consequences of Transparency Regulation: Evidence from Bank Mortgage Lending," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 61(5), pages 1827-1871, December.
    335. Kesternich, Iris & Schumacher, Heiner, 2009. "On the Use of Information in Repeated Insurance Markets," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 280, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    336. Noel, Michael D. & Qiang, Hongjie, 2019. "The role of information in retail gasoline price dispersion," Energy Economics, Elsevier, vol. 80(C), pages 173-187.
    337. Xing Zhang & Tat Y. Chan & Ying Xie, 2018. "Price Search and Periodic Price Discounts," Management Science, INFORMS, vol. 64(2), pages 495-510, February.
    338. Timothy Richards & Stephen Hamilton & William Allender, 2015. "Search and Price Dispersion in Online Grocery markets," Working Papers 1504, California Polytechnic State University, Department of Economics.
    339. Mark L. Egan & Shan Ge & Johnny Tang, 2020. "Conflicting Interests and the Effect of Fiduciary Duty — Evidence from Variable Annuities," NBER Working Papers 27577, National Bureau of Economic Research, Inc.
    340. Ruffle, Bradley J. & Sherman, Arie & Shtudiner, Zeev, 2022. "Gender and beauty price discrimination in produce markets," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
    341. Søren Asmussen & Bent Jesper Christensen & Julie Thøgersen, 2019. "Stackelberg Equilibrium Premium Strategies for Push-Pull Competition in a Non-Life Insurance Market with Product Differentiation," Risks, MDPI, vol. 7(2), pages 1-23, May.
    342. D'Haultfoeuille, Xavier & Durrmeyer, Isis & Fournel, Jean-François & Iaria, Alessandro, 2025. "Price Discrimination and Online Sales in the Automobile Industry," TSE Working Papers 25-1654, Toulouse School of Economics (TSE).
    343. Janssen, Aljoscha & Kasinger, Johannes, 2021. "Obfuscation and rational inattention in digitalized markets," SAFE Working Paper Series 306, Leibniz Institute for Financial Research SAFE.
    344. Mark Aguiar & Erik Hurst, 2005. "Lifestyle prices and production," Public Policy Discussion Paper 05-3, Federal Reserve Bank of Boston.
    345. Oksana Loginova, 2009. "Real And Virtual Competition," Journal of Industrial Economics, Wiley Blackwell, vol. 57(2), pages 319-342, June.
    346. Mark Pauly & Bradley Herring & David Song, 2006. "Information Technology and Consumer Search for Health Insurance," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 13(1), pages 45-63.

  50. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba, 1999. "The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program," NBER Working Papers 7005, National Bureau of Economic Research, Inc.

    Cited by:

    1. Demange, Gabrielle, 2008. "Competition between Unfunded Systems: A European Union challenge," CEPREMAP Working Papers (Docweb) 0808, CEPREMAP.
    2. Peijnenburg, Kim & Nijman, Theo & Werker, Bas J.M., 2016. "The annuity puzzle remains a puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 18-35.
    3. Horneff, Wolfram J. & Maurer, Raimond H. & Mitchell, Olivia S. & Dus, Ivica, 2008. "Following the rules: Integrating asset allocation and annuitization in retirement portfolios," Insurance: Mathematics and Economics, Elsevier, vol. 42(1), pages 396-408, February.
    4. Wolfram J. Horneff & Raimond H. Maurer & Olivia S. Mitchel & Michael Z. Stamos, 2008. "Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts," Working Papers wp177, University of Michigan, Michigan Retirement Research Center.
    5. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    6. Koijen, R.S.J. & Nijman, T.E. & Werker, B.J.M., 2006. "Optimal Portfolio Choice with Annuitization," Other publications TiSEM e0ee89d5-4a5f-4c70-a7ee-d, Tilburg University, School of Economics and Management.
    7. Jeffrey R. Brown & Mark J. Warshawsky, 2001. "Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues," NBER Working Papers 8064, National Bureau of Economic Research, Inc.
    8. Johann K. Brunner & Susanne Pech, 2005. "Adverse Selection in the Annuity Market When Profits Vary over the Time of Retirement," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(1), pages 155-183, March.
    9. Rocha, Roberto & Rudolph, Heinz P., 2010. "A summary and update of developing annuities markets : the experience of Chile," Policy Research Working Paper Series 5325, The World Bank.
    10. Cecilia Dassatti & Rodrigo Lluberas, 2016. "The costs of annuitizing," Documentos de trabajo 2016004, Banco Central del Uruguay.
    11. Horneff, Wolfram J. & Maurer, Raimond H. & Mitchell, Olivia S. & Stamos, Michael Z., 2010. "Variable payout annuities and dynamic portfolio choice in retirement," Journal of Pension Economics and Finance, Cambridge University Press, vol. 9(2), pages 163-183, April.
    12. Narat Charupat & Mark J. Kamstra & Moshe A. Milevsky, 2016. "The Sluggish and Asymmetric Reaction of Life Annuity Prices to Changes in Interest Rates," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(3), pages 519-555, September.
    13. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba & Mark J. Warshawsky, 1999. "Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts," NBER Working Papers 7268, National Bureau of Economic Research, Inc.
    14. Lopes, Paula & Michaelides, Alexander, 2005. "Rare events and annuity market participation," LSE Research Online Documents on Economics 24672, London School of Economics and Political Science, LSE Library.
    15. Jeffrey R. Brown & James M. Poterba, 2006. "Household Ownership of Variable Annuities," NBER Chapters, in: Tax Policy and the Economy, Volume 20, pages 163-191, National Bureau of Economic Research, Inc.
    16. Wolfram Horneff & Raimond Maurer & Olivia Mitchell & Michael Stamos, 2007. "Money in Motion: Dynamic Portfolio Choice in Retirement," Working Papers wp152, University of Michigan, Michigan Retirement Research Center.
    17. Bowden, Roger, 2004. "Derivatives, Debt and Defined Benefits in National Retirement Policy," Working Paper Series 33504, Victoria University of Wellington, School of Economics and Finance.
    18. Thorburn, Craig & Rocha, Roberto & Morales, Marco, 2006. "An analysis of money's worth ratios in Chile," Policy Research Working Paper Series 3926, The World Bank.
    19. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia Mitchell, 2012. "Do Consumers Know How to Value Annuities? Complexity as a Barrier to Annuitization," Working Papers WR-924-SSA, RAND Corporation.
    20. Horneff, Wolfram J. & Maurer, Raimond H. & Mitchell, Olivia S. & Stamos, Michael Z., 2009. "Asset allocation and location over the life cycle with investment-linked survival-contingent payouts," Journal of Banking & Finance, Elsevier, vol. 33(9), pages 1688-1699, September.
    21. Svetlana Pashchenko, 2010. "Accounting for non-annuitization," 2010 Meeting Papers 563, Society for Economic Dynamics.
    22. Jeffrey R. Brown, 2000. "Differential Mortality and the Value of Individual Account Retirement Annuities," NBER Working Papers 7560, National Bureau of Economic Research, Inc.
    23. Marco Morales & Guillermo Larraín, 2017. "The Chilean Electronic Market for Annuities (SCOMP): Reducing Information Asymmetries and Improving Competition," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(3), pages 389-405, July.
    24. Moenig, Thorsten, 2021. "Variable annuities: Market incompleteness and policyholder behavior," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 63-78.
    25. Impavido, Gregorio & Thorburn, Craig & Wadsworth, Mike, 2004. "A conceptual framework for retirement products : Risk sharing arrangements between providers and retirees," Policy Research Working Paper Series 3208, The World Bank.
    26. Ivica Dus & Raimond Maurer & Olivia S. Mitchell, 2003. "Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans," Working Papers wp063, University of Michigan, Michigan Retirement Research Center.
    27. Wolfram J. Horneff & Raimond Maurer & Olivia S. Mitchell & Ivica Dus, 2006. "Optimizing the Retirement Portfolio: Asset Allocation, Annuitization, and Risk Aversion," NBER Working Papers 12392, National Bureau of Economic Research, Inc.
    28. Cecilia Dassatti & Rodrigo Lluberas, 2020. "The costs of annuitising: are retirees fairly charged?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(3), pages 535-557, July.
    29. Dino Francisco Córdoba Lache, 2025. "Ingresos Vitalicios en la Vejez: Esquemas de Desacumulación en el Sistema Pensional Colombiano [Lifetime Income in Old Age: Payout Schemes in the Colombian Pension System]," Documentos CEDE 2025-21, Universidad de los Andes, Facultad de Economía, CEDE.
    30. Lopes, Paula, 2003. "Are annuities value for money?: who can afford them?," LSE Research Online Documents on Economics 24899, London School of Economics and Political Science, LSE Library.
    31. Alicia H. Munnell & Gal Wettstein & Wenliang Hou, 2022. "How best to annuitize defined contribution assets?," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 211-235, March.
    32. Suzanne Doyle & Olivia S. Mitchell & John Piggott, 2001. "Annuity Values in Defined Contribution Retirement Systems: The Case of Singapore and Australia," NBER Working Papers 8091, National Bureau of Economic Research, Inc.
    33. Peijnenburg, J.M.J. & Nijman, T.E. & Werker, B.J.M., 2010. "Optimal Annuitization with Incomplete Annuity Markets and Background Risk During Retirement," Discussion Paper 2010-11, Tilburg University, Center for Economic Research.
    34. Tiong, Serena, 2013. "Pricing inflation-linked variable annuities under stochastic interest rates," Insurance: Mathematics and Economics, Elsevier, vol. 52(1), pages 77-86.
    35. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia S. Mitchell, 2013. "Cognitive Constraints on Valuing Annuities," NBER Working Papers 19168, National Bureau of Economic Research, Inc.
    36. David K. Miles, 2000. "Funded and Unfunded Pension Schemes: Risk, Return and Welfare," CESifo Working Paper Series 239, CESifo.
    37. Jeffrey R. Brown, 2002. "Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity," NBER Working Papers 9256, National Bureau of Economic Research, Inc.
    38. Demange, Gabrielle, 2005. "On Sustainable Pay-As-You-Go Systems," CEPR Discussion Papers 4966, Centre for Economic Policy Research.
    39. Novy-Marx, Robert & Rauh, Joshua D., 2014. "Linking benefits to investment performance in US public pension systems," Journal of Public Economics, Elsevier, vol. 116(C), pages 47-61.
    40. Jeffrey R. Brown, 2007. "Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning," NBER Working Papers 13537, National Bureau of Economic Research, Inc.
    41. Paula Lopes & Alex Michaelides & Joachim Inkmann, 2009. "How deep is the annuity market participation puzzle?," 2009 Meeting Papers 239, Society for Economic Dynamics.
    42. Olivia S. Mitchell, 1999. "New Evidence on the Money's Worth of Individual Annuities," American Economic Review, American Economic Association, vol. 89(5), pages 1299-1318, December.
    43. Hui Li & Seth Neumuller & Casey Rothschild, 2021. "Optimal annuitization with imperfect information about insolvency risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 101-130, March.
    44. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba, 2000. "Mortality Risk, Inflation Risk, and Annuity Products," NBER Working Papers 7812, National Bureau of Economic Research, Inc.
    45. David Miles & Ales Cerny, 2001. "Risk, Return and Portfolio Allocation under Alternative Pension Arrangements with Imperfect Financial Markets," CESifo Working Paper Series 441, CESifo.
    46. Blake, David & Cairns, Andrew & Dowd, Kevin, 2008. "Turning pension plans into pension planes: What investment strategy designers of defined contribution pension plans can learn from commercial aircraft designers," MPRA Paper 33749, University Library of Munich, Germany.
    47. Miles, David & Cerny, Ales, 2001. "Risk Return and Portfolio Allocation under Alternative Pension Systems with Imperfect Financial Markets," CEPR Discussion Papers 2779, Centre for Economic Policy Research.
    48. James M. Poterba, 2001. "Annuity markets and retirement security," Fiscal Studies, Institute for Fiscal Studies, vol. 22(3), pages 249-270., September.
    49. Carlos Vidal-Melia & Ana Lejárraga-García, 2004. "The Bequest Motive And Single People’S Demand For Life Annuities," Public Economics 0405005, University Library of Munich, Germany.
    50. Jean Philippe Gaudemet, 2001. "Les dispositifs d'acquisition à titre facultatif d'annuités viagères en vue de la retraite : une diffusion limitée," Économie et Statistique, Programme National Persée, vol. 348(1), pages 81-106.
    51. Estelle James & Guillermo Martinez & Augusto Iglesias, 2005. "The Payout Stage in Chile: Who Annuitizes and Why?," Working Papers 14, Superintendencia de Pensiones, revised May 2007.
    52. Amy Finkelstein & James Poterba, 1999. "Selection Effects in the Market for Individual Annuities: New Evidence from the United Kingdom," NBER Working Papers 7168, National Bureau of Economic Research, Inc.
    53. Bovenberg, A.L. & Koijen, R.S.J. & Nijman, T.E. & Teulings, C.N., 2007. "Saving and investing over the life cycle and the role of collective pension funds," Other publications TiSEM 6eab1341-eda5-4f21-8c06-8, Tilburg University, School of Economics and Management.
    54. Koijen, R.S.J. & Nijman, T.E. & Werker, B.J.M., 2006. "Optimal Portfolio Choice with Annuitization," Discussion Paper 2006-78, Tilburg University, Center for Economic Research.
    55. Miles, David, 2000. "Funded and Unfunded Pensions: Risk, Return and Welfare," CEPR Discussion Papers 2369, Centre for Economic Policy Research.
    56. Robert Novy-Marx & Joshua D. Rauh, 2012. "Linking Benefits to Investment Performance in US Public Pension Systems," NBER Working Papers 18491, National Bureau of Economic Research, Inc.
    57. Agnieszka Konicz & David Pisinger & Alex Weissensteiner, 2015. "Optimal annuity portfolio under inflation risk," Computational Management Science, Springer, vol. 12(3), pages 461-488, July.
    58. Olivia S. Mitchell, 2001. "Developments in Decumulation: The Role of Annuity Products in Financing Retirement," NBER Working Papers 8567, National Bureau of Economic Research, Inc.
    59. Gary Burtless, 2006. "Risk and Reward of International Investing for U.S. Retirement Savers: Historical Evidence," Working Papers, Center for Retirement Research at Boston College wp2006-25, Center for Retirement Research, revised Dec 2006.
    60. Martin Feldstein, 2005. "Structural Reform of Social Security," Journal of Economic Perspectives, American Economic Association, vol. 19(2), pages 33-55, Spring.
    61. Gabrielle Demange, 2005. "Free choice of unfunded systems: a first assessment," Working Papers halshs-00590861, HAL.
    62. Wolfram J. Horneff & Raimond H. Maurer & Olivia S. Mitchell & Michael Z. Stamos, 2008. "Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts," NBER Working Papers 14055, National Bureau of Economic Research, Inc.
    63. Jeffrey R. Brown, 1999. "Private Pensions, Mortality Risk, and the Decision to Annuitize," NBER Working Papers 7191, National Bureau of Economic Research, Inc.
    64. James, Estelle & Vittas, Dimitri, 2000. "Annuity markets in comparative perspective : do consumers get their money's wotrth?," Policy Research Working Paper Series 2493, The World Bank.

  51. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba & Mark J. Warshawsky, 1999. "Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts," NBER Working Papers 7268, National Bureau of Economic Research, Inc.

    Cited by:

    1. Johann K. Brunner & Susanne Pech, 2005. "Optimum Taxation of Life Annuities," Economics working papers 2005-06, Department of Economics, Johannes Kepler University Linz, Austria.
    2. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    3. Chai, Jingjing & Horneff, Wolfram & Maurer, Raimond & Mitchell, Olivia S., 2011. "Optimal Portfolio Choice over the Life-Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts," Working Papers 11-43, University of Pennsylvania, Wharton School, Weiss Center.
    4. Ivica Dus & Raimond Maurer & Olivia S. Mitchell, 2003. "Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans," Working Papers wp063, University of Michigan, Michigan Retirement Research Center.
    5. Friedberg, Leora & webb, anthony, 2000. "The Impact of 401(k) Plans on Retirement," University of California at San Diego, Economics Working Paper Series qt2jr5w8b9, Department of Economics, UC San Diego.
    6. Milevsky, Moshe Arye & Panyagometh, Kamphol, 2001. "Variable annuities versus mutual funds: a Monte-Carlo analysis of the options," Financial Services Review, Elsevier, vol. 10(1-4), pages 145-161.
    7. Jingjing Chai & Wolfram Horneff & Raimond Maurer & Olivia S. Mitchell, 2009. "Extending Life Cycle Models of Optimal Portfolio Choice: Integrating Flexible Work, Endogenous Retirement, and Investment Decisions with Lifetime Payouts," NBER Working Papers 15079, National Bureau of Economic Research, Inc.
    8. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba, 2000. "Mortality Risk, Inflation Risk, and Annuity Products," NBER Working Papers 7812, National Bureau of Economic Research, Inc.
    9. Leora Friedberg & Anthony Webb, 2005. "Retirement and the Evolution of Pension Structure," Journal of Human Resources, University of Wisconsin Press, vol. 40(2).
    10. Jingjing Chai & Raimond Maurer & Olivia S. Mitchell & Ralph Rogalla, 2011. "Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply," Working Papers wp246, University of Michigan, Michigan Retirement Research Center.
    11. Ivica Dus & Raimond Maurer & Olivia S. Mitchell, 2005. "Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities," NBER Working Papers 11271, National Bureau of Economic Research, Inc.

  52. Jeffrey R. Brown, 1999. "Are the Elderly Really Over-Annuitized? New Evidence on Life Insurance and Bequests," NBER Working Papers 7193, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jason S. Seligman & Jeffrey B. Wenger, 2005. "Asynchronous Risk: Unemployment, Equity Markets, and Retirement Savings," Upjohn Working Papers 05-114, W.E. Upjohn Institute for Employment Research.
    2. Saku Aura, 2002. "Does the Balance of Power Within a Family Matter? The Case of the Retirement Equity Act," CESifo Working Paper Series 734, CESifo.
    3. Hugo Benitez-Silva, 2000. "A Dynamic Model Of Labor Supply, Consumption/Saving, And Annuity Decisions Under Uncertainty," Computing in Economics and Finance 2000 128, Society for Computational Economics.
    4. Jeffrey R. Brown & Mark J. Warshawsky, 2001. "Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues," NBER Working Papers 8064, National Bureau of Economic Research, Inc.
    5. Hwang, In Do, 2024. "Behavioral aspects of household portfolio choice: Effects of loss aversion on life insurance uptake and savings," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1029-1053.
    6. Yijia Lin & Martin F. Grace, 2007. "Household Life Cycle Protection: Life Insurance Holdings, Financial Vulnerability, and Portfolio Implications," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 74(1), pages 141-173, March.
    7. Moshe A. Milevsky & Virginia R. Young, 2015. "Annuitization and asset allocation," Papers 1506.05990, arXiv.org.
    8. Webb, David C., 2006. "Long-term care insurance, annuities and asymmetric information: the case for bundling contracts," LSE Research Online Documents on Economics 24507, London School of Economics and Political Science, LSE Library.
    9. Douglas Holtz-Eakin & John W. Phillips & Harvey S. Rosen, 1999. "Estate Taxes, Life Insurance, and Small Business," NBER Working Papers 7360, National Bureau of Economic Research, Inc.
    10. Domeij David & Johannesson Magnus, 2006. "Consumption and Health," The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(1), pages 1-30, May.
    11. Cassio M. Turra & Olivia S. Mitchell, 2004. "The Impact of Health Status and Out-of-Pocket Medical Expenditures on Annuity Valuation," Working Papers wp086, University of Michigan, Michigan Retirement Research Center.
    12. Brown, Jeffrey, 2000. "Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," Working Paper Series rwp00-007, Harvard University, John F. Kennedy School of Government.
    13. Jappelli, Tullio & Pistaferri, Luigi, 2003. "Tax incentives and the demand for life insurance: evidence from Italy," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1779-1799, August.
    14. Kam Ki Tang & Jie Zhang, 2007. "Morbidity, Mortality, Health Expenditures and Annuitization," CESifo Working Paper Series 2086, CESifo.
    15. Lopes, Paula, 2003. "Are annuities value for money?: who can afford them?," LSE Research Online Documents on Economics 24899, London School of Economics and Political Science, LSE Library.
    16. Jeffrey R. Brown, 2000. "How Should We Insure Longevity Risk In Pensions And Social Security?," Issues in Brief ib-4, Center for Retirement Research.
    17. Sutcliffe, Charles, 2015. "Trading death: The implications of annuity replication for the annuity puzzle, arbitrage, speculation and portfolios," International Review of Financial Analysis, Elsevier, vol. 38(C), pages 163-174.
    18. Alicia H. Munnell & Gal Wettstein & Wenliang Hou, 2022. "How best to annuitize defined contribution assets?," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 211-235, March.
    19. Fang, H., 2016. "Insurance Markets for the Elderly," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 237-309, Elsevier.
    20. Hugo Benitez-Silva, 2000. "A Joint Model of Labor Supply and Consumption Decisions Under Uncertainty," Econometric Society World Congress 2000 Contributed Papers 0196, Econometric Society.
    21. Li, Yue, 2017. "Economic Analysis of Social Security Survivors Insurance," MPRA Paper 84038, University Library of Munich, Germany.
    22. Aaron Tornell & Frank Westermann, 2005. "Boom-Bust Cycles and Financial Liberalization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262201593, December.
    23. Jeffrey R. Brown & Austan Goolsbee, 2000. "Does the Internet Make Markets More Competitive?," NBER Working Papers 7996, National Bureau of Economic Research, Inc.
    24. Joulfaian, David, 2014. "To own or not to own your life insurance policy?," Journal of Public Economics, Elsevier, vol. 118(C), pages 120-127.
    25. Francesco Menoncin & Sergio Vergalli, 2021. "Optimal stopping time, consumption, labour, and portfolio decision for a pension scheme," Journal of Economics, Springer, vol. 132(1), pages 67-98, January.
    26. Jeffrey Brown, 2002. "Differential Mortality and the Value of Individual Account Retirement Annuities," NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 401-446, National Bureau of Economic Research, Inc.
    27. Hugo Benítez-Silva, 2003. "The Annuity Puzzle Revisited," Working Papers wp055, University of Michigan, Michigan Retirement Research Center.
    28. Wojciech Kopczuk & Emmanuel Saez, 2004. "Top Wealth Shares in the United States: 1916-2000: Evidence from Estate Tax Returns," NBER Working Papers 10399, National Bureau of Economic Research, Inc.
    29. Jeffrey R. Brown, 1999. "Private Pensions, Mortality Risk, and the Decision to Annuitize," NBER Working Papers 7191, National Bureau of Economic Research, Inc.
    30. Alexander Michaelides & Joachim Inkmann, 2011. "Can the Life Insurance Market Provide Evidence for a Bequest Motive?," 2011 Meeting Papers 108, Society for Economic Dynamics.

  53. Jeffrey R. Brown & James M. Poterba, 1999. "Joint Life Annuities and Annuity Demand by Married Couples," NBER Working Papers 7199, National Bureau of Economic Research, Inc.

    Cited by:

    1. Juan Esteban Halcartegaray & Jorge Miranda, 2011. "Efectos del SCOMP sobre la Elección individual de Modalidad de Pensión," Working Papers 52, Superintendencia de Pensiones, revised Aug 2012.
    2. Horneff, Wolfram J. & Maurer, Raimond H. & Mitchell, Olivia S. & Dus, Ivica, 2008. "Following the rules: Integrating asset allocation and annuitization in retirement portfolios," Insurance: Mathematics and Economics, Elsevier, vol. 42(1), pages 396-408, February.
    3. Thomas Post & Helmut Gründl & Hato Schmeiser, 2006. "Portfolio management and retirement: what is the best arrangement for a family?," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 20(3), pages 265-285, September.
    4. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    5. David A. Love & Paul A. Smith, 2008. "Risky Pensions and Household Saving Over the Life Cycle," Working Papers, Center for Retirement Research at Boston College wp2008-19, Center for Retirement Research, revised Dec 2008.
    6. Barbara A. Butrica & Gordon B.T. Mermin, 2006. "Annuitized Wealth and Consumption at Older Ages," Working Papers, Center for Retirement Research at Boston College wp2006-26, Center for Retirement Research, revised Dec 2006.
    7. Boyer, M. Martin & Box-Couillard, Sébastien & Michaud, Pierre-Carl, 2020. "Demand for annuities: Price sensitivity, risk perceptions, and knowledge," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 883-902.
    8. Elsa Fornero & Annamaria Lusardi & Chiara Monticone, 2009. "Adequacy of Saving for Old Age in Europe," CeRP Working Papers 87, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    9. Wei Sun & Anthony Webb, 2009. "How Much Do Households Really Lose By Claiming Social Security at Age 62?," Working Papers, Center for Retirement Research at Boston College wp2009-11, Center for Retirement Research, revised Apr 2009.
    10. Jeffrey R. Brown & Mark J. Warshawsky, 2001. "Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues," NBER Working Papers 8064, National Bureau of Economic Research, Inc.
    11. Bell, Adrian & Sutcliffe, Charles, 2010. "Valuing medieval annuities: Were corrodies underpriced?," Explorations in Economic History, Elsevier, vol. 47(2), pages 142-157, April.
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    6. Hazel Bateman & Susan Thorp, 2007. "Choices and Constraints over Retirement Income Streams: Comparing Rules and Regulations," Research Paper Series 200, Quantitative Finance Research Centre, University of Technology, Sydney.
    7. Daehwan Kim & Jin-Yeong Kim, 2011. "Valuing Income-Contingent Loans as Path-Dependent Options," Korean Economic Review, Korean Economic Association, vol. 27, pages 273-291.
    8. Butler, Monika & Staubli, Stefan & ,, 2008. "The Role of the Annuity's Value on the Decision (Not) to Annuitize: Evidence from a Large Policy Change," CEPR Discussion Papers 6930, Centre for Economic Policy Research.
    9. Peijnenburg, Kim & Nijman, Theo & Werker, Bas J.M., 2016. "The annuity puzzle remains a puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 18-35.
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    101. Alonso-García, Jennifer & Devolder, Pierre, 2019. "Continuous time model for notional defined contribution pension schemes: Liquidity and solvency," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 57-76.
    102. Robert L. Clark & Robert G. Hammond & Melinda S. Morrill & David Vanderweide, 2017. "Annuity Options in Public Pension Plans: The Curious Case of Social Security Leveling," NBER Working Papers 23262, National Bureau of Economic Research, Inc.
    103. Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C. & Zeldes, Stephen P., 2014. "What makes annuitization more appealing?," Journal of Public Economics, Elsevier, vol. 116(C), pages 2-16.
    104. Bucher-Koenen, Tabea & Kluth, Sebastian, 2013. "Subjective Life Expectancy and Private Pensions," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79806, Verein für Socialpolitik / German Economic Association.
    105. Wiafe, Osei K. & Basu, Anup K. & Chen, John, 2017. "The effects of age pension on retirement drawdown choices," Finance Research Letters, Elsevier, vol. 20(C), pages 81-87.
    106. Aparna Gupta & Zhisheng Li, 2013. "Optimal Annuity Purchase Decisions Under Uncertain Lifetime," Journal of Family and Economic Issues, Springer, vol. 34(4), pages 447-459, December.
    107. Butler, Monika & Teppa, Federica, 2007. "The choice between an annuity and a lump sum: Results from Swiss pension funds," Journal of Public Economics, Elsevier, vol. 91(10), pages 1944-1966, November.
    108. Goedde-Menke, Michael & Lehmensiek-Starke, Moritz & Nolte, Sven, 2014. "An empirical test of competing hypotheses for the annuity puzzle," Journal of Economic Psychology, Elsevier, vol. 43(C), pages 75-91.
    109. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba, 2000. "Mortality Risk, Inflation Risk, and Annuity Products," NBER Working Papers 7812, National Bureau of Economic Research, Inc.
    110. Roozbeh Hosseini, 2008. "Adverse Selection in the Annuity Market and the Role for Social Security," 2008 Meeting Papers 264, Society for Economic Dynamics.
    111. de Grip, Andries & Fouarge, Didier & Montizaan, Raymond, 2019. "Redistribution of Individual Pension Wealth to Survivor Pensions: Evidence from a Stated Preferences Analysis," IZA Discussion Papers 12625, IZA Network @ LISER.
    112. Gao, Jin & Ulm, Eric R., 2012. "Optimal consumption and allocation in variable annuities with Guaranteed Minimum Death Benefits," Insurance: Mathematics and Economics, Elsevier, vol. 51(3), pages 586-598.
    113. Kitamura, Tomoki & Nakashima, Kunio, 2025. "Financial incentives for delaying the public pension claiming age," Journal of Behavioral and Experimental Finance, Elsevier, vol. 45(C).
    114. Mohamad Hassan Abou Daya & Carole Bernard, 2022. "What matters in the annuitization decision?," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-12, December.
    115. James Poterba & Steven Venti & David Wise, 2011. "The Composition and Drawdown of Wealth in Retirement," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 95-118, Fall.
    116. Lau, Sau-Him Paul & Ying, Yinan, 2024. "Deferred annuities with gender-neutral pricing: Benefitting most women without adversely affecting too many men," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    117. Gupta, Aparna & Li, Zhisheng, 2007. "Integrating optimal annuity planning with consumption-investment selections in retirement planning," Insurance: Mathematics and Economics, Elsevier, vol. 41(1), pages 96-110, July.
    118. Carlos Vidal-Melia & Ana Lejárraga-García, 2004. "The Bequest Motive And Single People’S Demand For Life Annuities," Public Economics 0405005, University Library of Munich, Germany.
    119. Jean Philippe Gaudemet, 2001. "Les dispositifs d'acquisition à titre facultatif d'annuités viagères en vue de la retraite : une diffusion limitée," Économie et Statistique, Programme National Persée, vol. 348(1), pages 81-106.
    120. Xiaoyu Dong & Hong Li & Kenneth Q. Zhou & Xiaobai Zhu, 2026. "Mortality Heterogeneity and Actuarial Fairness in China's Notional Defined Contribution Pension System," Papers 2605.17768, arXiv.org.
    121. Monika Bütler & Stefan Staubli, 2010. "Payouts in Switzerland: Explaining Developments in Annuitization," University of St. Gallen Department of Economics working paper series 2010 2010-06, Department of Economics, University of St. Gallen.
    122. Koijen, R.S.J. & Nijman, T.E. & Werker, B.J.M., 2006. "Optimal Portfolio Choice with Annuitization," Discussion Paper 2006-78, Tilburg University, Center for Economic Research.
    123. Bonilla, Claudio A. & Tapia, Pablo & Ruiz, Jose Luis, 2024. "Are annuities an inferior or normal good? Evidence from a less-developed country," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 724-734.
    124. Vanya Horneff & Raimond Maurer & Olivia S. Mitchell, 2019. "How Would 401(k) ‘Rothification’ Alter Saving, Retirement Security, and Inequality?," Working Papers wp398, University of Michigan, Michigan Retirement Research Center.
    125. Bonekamp, Johan & van Soest, Arthur, 2022. "Evidence of behavioural life-cycle features in spending patterns after retirement," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    126. John Chalmers & Jonathan Reuter, 2009. "How Do Retirees Value Life Annuities? Evidence from Public Employees," NBER Working Papers 15608, National Bureau of Economic Research, Inc.
    127. Olivera, Javier, 2010. "Recuperando la Solidaridad en el Sistema Peruano de Pensiones. Una Propuesta de Reforma [Recovering the Principle of Solidarity in the Peruvian Pension System. A reform proposal]," MPRA Paper 60194, University Library of Munich, Germany.
    128. Vittas, Dimitri, 2002. "Policies to promote saving for retirement : a synthetic overview," Policy Research Working Paper Series 2801, The World Bank.
    129. Yuh, Yoonkyung & Yang, Jaehwan, 2011. "The Valuation and Redistribution Effect of the Korea National Pension," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 52(1), pages 113-142, June.
    130. Antoine Bommier, 2006. "Mortality, Time Preference and Life-Cycle Models," Working Papers hal-00441888, HAL.
    131. Määttänen, Niku & Alho, Juha, 2014. "Response to updated mortality forecasts in life cycle saving and labor supply," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1120-1127.
    132. Schuhmacher, Petra, 2008. "The Demand for Enhanced Annuities," Discussion Papers in Business Administration 7954, University of Munich, Munich School of Management.
    133. Hugo Benítez-Silva, 2003. "The Annuity Puzzle Revisited," Working Papers wp055, University of Michigan, Michigan Retirement Research Center.
    134. Miss Allison C Schrager & Mr. George A Mackenzie, 2004. "Can the Private Annuity Market Provide Secure Retirement Income?," IMF Working Papers 2004/230, International Monetary Fund.
    135. Anne G. Balter & Malene Kallestrup-Lamb & Jesper Rangvid, 2019. "The move towards riskier pensions: The importance of mortality," CREATES Research Papers 2019-22, Department of Economics and Business Economics, Aarhus University.
    136. Lambregts, Timo R. & Schut, Frederik T., 2020. "Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    137. Roman N. Schulze & Thomas Post, 2010. "Individual Annuity Demand Under Aggregate Mortality Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(2), pages 423-449, June.

Articles

  1. Brown, Jeffrey R. & Poterba, James M. & Richardson, David P., 2025. "Trends in retirement and retirement income choices by TIAA participants: 2000–2018," Journal of Pension Economics and Finance, Cambridge University Press, vol. 24(1), pages 47-68, January.
    See citations under working paper version above.
  2. Jeffrey R. Brown & Arie Kapteyn & Erzo F. P. Luttmer & Olivia S. Mitchell & Anya Samek, 2021. "Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing," The Review of Economics and Statistics, MIT Press, vol. 103(3), pages 533-546, July.
    See citations under working paper version above.
  3. Brown, Jeffrey R. & Huang, Jiekun, 2020. "All the president's friends: Political access and firm value," Journal of Financial Economics, Elsevier, vol. 138(2), pages 415-431.
    See citations under working paper version above.
  4. Brown, Jeffrey R. & Poterba, James & Richardson, David P., 2017. "Do Required Minimum Distribution Rules Matter? The Effect of the 2009 Holiday on Retirement Plan Distributions," Journal of Public Economics, Elsevier, vol. 151(C), pages 96-109.

    Cited by:

    1. Jeffrey R. Brown & James M. Poterba & David P. Richardson, 2022. "Trends in Retirement and Retirement Income Choices by TIAA Participants: 2000–2018," NBER Working Papers 29946, National Bureau of Economic Research, Inc.
    2. Lucas Goodman & Anita Mukherjee & Shanthi Ramnath, 2022. "Set it and Forget it? Financing Retirement in an Age of Defaults," Working Paper Series WP 2022-50, Federal Reserve Bank of Chicago.
    3. Leganza, Jonathan M., 2024. "The effect of required minimum distributions on intergenerational transfers," Journal of Public Economics, Elsevier, vol. 232(C).
    4. Stuart, Ellen & Bryant, Victoria L., 2024. "The impact of withdrawal penalties on retirement savings," Journal of Public Economics, Elsevier, vol. 232(C).
    5. Goda, Gopi Shah & Jones, Damon & Ramnath, Shanthi, 2022. "Temporary and permanent effects of withdrawal penalties on retirement savings accounts✩," Journal of Public Economics, Elsevier, vol. 215(C).
    6. Goodman, Lucas & Mukherjee, Anita & Ramnath, Shanthi, 2023. "Set it and forget it? Financing retirement in an age of defaults," Journal of Financial Economics, Elsevier, vol. 148(1), pages 47-68.
    7. Mahmoudi, Samir Elsadek, 2023. "Late-career unemployment shocks, pension outcomes and unemployment insurance," Journal of Public Economics, Elsevier, vol. 218(C).
    8. Horneff, Vanya & Maurer, Raimond & Mitchell, Olivia S., 2023. "Do required minimum distribution 401(k) rules matter, and for whom? Insights from a lifecycle model," Journal of Banking & Finance, Elsevier, vol. 154(C).

  5. Xu, Yilan & Briley, Daniel A. & Brown, Jeffrey R. & Roberts, Brent W., 2017. "Genetic and environmental influences on household financial distress," Journal of Economic Behavior & Organization, Elsevier, vol. 142(C), pages 404-424.

    Cited by:

    1. Lei He & Shuyi Zhou, 2022. "Household Financial Vulnerability to Income and Medical Expenditure Shocks: Measurement and Determinants," IJERPH, MDPI, vol. 19(8), pages 1-17, April.
    2. Hampson, Daniel P. & Gong, Shiyang & Xie, Yi, 2021. "How consumer confidence affects price conscious behavior: The roles of financial vulnerability and locus of control," Journal of Business Research, Elsevier, vol. 132(C), pages 693-704.
    3. Yilan Xu, 2020. "Foreclosed American Dream? Parental Foreclosure and Young Adult Children’s Homeownership," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 458-471, September.
    4. Liaqat Ali & Muhammad Kamran Naqi Khan & Habib Ahmad, 2020. "Financial Fragility of Pakistani Household," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 572-590, September.
    5. Haidong Zhao & Lini Zhang & Sophia Anong, 2023. "Financial socialization and financial distress: The role of cognitive and noncognitive abilities," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(3), pages 1236-1257, July.
    6. Rupali Misra & Sumita Srivastava & D. K. Banwet, 2019. "Are type B investors efficacious? Exploring role of personality in ambidextrous investment decision-making," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 46(1), pages 27-34, March.
    7. Cesar Leandro, Julio & Botelho, Delane, 2022. "Consumer over-indebtedness: A review and future research agenda," Journal of Business Research, Elsevier, vol. 145(C), pages 535-551.
    8. Neugart, Michael & Yildirim, Selen, 2022. "Heritability in friendship networks," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 41-55.
    9. Guin, Benjamin & Korhonen, Perttu & Moktan, Sidharth, 2022. "Risk differentials between green and brown assets?," Economics Letters, Elsevier, vol. 213(C).
    10. Burlinson, Andrew & Giulietti, Monica & Law, Cherry & Liu, Hui-Hsuan, 2021. "Fuel poverty and financial distress," Energy Economics, Elsevier, vol. 102(C).
    11. Ackerman, Adam & Porter, Ben, 2022. "The effect of combat exposure on financial problems," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 241-257.
    12. Thomas, Sheetal & Goel, Mridula & Agrawal, Dipak, 2020. "A framework for analyzing financial behavior using machine learning classification of personality through handwriting analysis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
    13. Xu, Yilan & Yilmazer, Tansel, 2021. "Childhood socioeconomic status, adulthood obesity and health: The role of parental permanent and transitory income," Social Science & Medicine, Elsevier, vol. 283(C).
    14. Lei, Lei & Lu, Weijie & Niu, Geng & Zhou, Yang, 2024. "Religiosity and financial distress of the young," Journal of Banking & Finance, Elsevier, vol. 168(C).
    15. Benjamin Guin & Perttu Korhonen, 2020. "Does energy efficiency predict mortgage performance?," Bank of England Staff Working Paper series 852, Bank of England.
    16. Giannelis, Alexandros & Willoughby, Emily A. & Corley, Robin & Hopfer, Christian & Hewitt, John K. & Iacono, William G. & Anderson, Jacob & Rustichini, Aldo & Vrieze, Scott I. & McGue, Matt & Lee, Jam, 2023. "The association between saving disposition and financial distress: A genetically informed approach," Journal of Economic Psychology, Elsevier, vol. 96(C).

  6. Jeffrey R. Brown & Arie Kapteyn & Olivia S. Mitchell, 2016. "Framing And Claiming: How Information-Framing Affects Expected Social Security Claiming Behavior," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 139-162, January.
    See citations under working paper version above.
  7. Jeffrey R. Brown & Gopi Shah Goda & Kathleen McGarry, 2016. "Heterogeneity In State-Dependent Utility: Evidence From Strategic Surveys," Economic Inquiry, Western Economic Association International, vol. 54(2), pages 847-861, April.

    Cited by:

    1. Philippe De Donder & Marie-Louise Leroux, 2020. "Long Term Care Insurance with State-Dependent Preferences," Cahiers de recherche / Working Papers 2001, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
    2. Amo-Agyei, Silas, 2025. "The effect of health on the marginal utility of consumption: Evidence based on household consumption expenditure," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    3. Arthur E. Attema & Marieke Krol & Job van Exel & Werner B. F. Brouwer, 2018. "New findings from the time trade-off for income approach to elicit willingness to pay for a quality adjusted life year," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 19(2), pages 277-291, March.
    4. John Ameriks & Andrew Caplin & Minjoon Lee & Matthew D. Shapiro & Christopher Tonetti, 2022. "Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-being," NBER Working Papers 29634, National Bureau of Economic Research, Inc.
    5. Shang Wu & Hazel Bateman & Ralph Stevens & Susan Thorp, 2022. "Flexible insurance for long‐term care: A study of stated preferences," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 823-858, September.
    6. Gizem Koşar & Cormac O'Dea, 2022. "Expectations Data in Structural Microeconomic Models," Staff Reports 1018, Federal Reserve Bank of New York.
    7. Bertrand Achou & Philippe De Donder & Franca Glenzer & Minjoon Lee & Marie-Louise Leroux, 2023. "At Home versus in a Nursing Home: Long-term Care Settings and Marginal Utility," Cahiers de recherche / Working Papers 2303, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
    8. Karlsson, Martin & Klohn, Florian & Rickayzen, Ben, 2018. "The role of heterogeneous parameters for the detection of selection in insurance contracts," Insurance: Mathematics and Economics, Elsevier, vol. 83(C), pages 110-121.
    9. Manasi Deshpande & Lee M. Lockwood, 2022. "Beyond Health: Nonhealth Risk and the Value of Disability Insurance," Econometrica, Econometric Society, vol. 90(4), pages 1781-1810, July.
    10. Haller, Andreas & Staubli, Stefan, 2026. "Measuring the Value of Disability Insurance from Take-Up Decisions," IZA Discussion Papers 18769, IZA Network @ LISER.
    11. Olafsson, Arna & Pagel, Michaela, 2024. "Retirement puzzles: New evidence from personal finances," Journal of Public Economics, Elsevier, vol. 234(C).
    12. Jing Li & Kathleen McGarry & Lauren Hersch Nicholas & Jonathan Skinner, 2026. "Dementia and Long-run Trajectories in Household Finances," NBER Working Papers 34659, National Bureau of Economic Research, Inc.
    13. Andreas Haller & Stefan Staubli, 2026. "Measuring the Value of Disability Insurance from Take-Up Decisions," CESifo Working Paper Series 12790, CESifo.
    14. W. Kip Viscusi, 2019. "Utility functions for mild and severe health risks," Journal of Risk and Uncertainty, Springer, vol. 58(2), pages 143-166, June.
    15. Amitabh Chandra & Courtney Coile & Corina Mommaerts, 2020. "What Can Economics Say About Alzheimer's Disease?," NBER Working Papers 27760, National Bureau of Economic Research, Inc.
    16. Ameriks, John & Briggs, Joseph & Caplin, Andrew & Shapiro, Matthew D. & Tonetti, Christopher, 2016. "Late-in-Life Risks and the Under-Insurance Puzzle," Research Papers 3485, Stanford University, Graduate School of Business.
    17. Martin Eling & Omid Ghavibazoo, 2019. "Research on long-term care insurance: status quo and directions for future research," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 303-356, April.
    18. Lee, Minjoon, 2023. "Portfolio allocation over the life cycle with multiple late-in-life saving motives," Journal of Empirical Finance, Elsevier, vol. 74(C).
    19. Lee, Siha, 2020. "Household responses to disability shocks: Spousal labor supply, caregiving, and disability insurance," CLEF Working Paper Series 21, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    20. Siha Lee, 2023. "Spousal Labor Supply, Caregiving, and the Value of Disability Insurance," Department of Economics Working Papers 2020-08, McMaster University.
    21. Hwang, In Do, 2021. "Prospect theory and insurance demand: Empirical evidence on the role of loss aversion," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
    22. John Ameriks & Joseph Briggs & Andrew Caplin & Matthew D. Shapiro & Christopher Tonetti, 2016. "The Long-Term-Care Insurance Puzzle: Modeling and Measurement," NBER Working Papers 22726, National Bureau of Economic Research, Inc.
    23. Achou, Bertrand, 2021. "Housing liquidity and long-term care insurance demand: A quantitative evaluation," Journal of Public Economics, Elsevier, vol. 194(C).
    24. Elena Bassoli, 2023. "An Empirical Analysis of Health-Dependent Utility on SHARE and ELSA Data," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 1217-1261, November.
    25. Andrew Caplin & Mi Luo & Kathleen McGarry, 2018. "Measuring And Modeling Intergenerational Links In Relation To Long‐Term Care," Economic Inquiry, Western Economic Association International, vol. 56(1), pages 100-113, January.
    26. Jessamyn Schaller & Chase Eck, 2019. "Adverse Life Events and Intergenerational Transfers," Upjohn Working Papers 19-309, W.E. Upjohn Institute for Employment Research.
    27. Kools, Lieke & Knoef, Marike, 2019. "Health and consumption preferences; estimating the health state dependence of utility using equivalence scales," European Economic Review, Elsevier, vol. 113(C), pages 46-62.
    28. Seog, S. Hun & Hong, Jimin, 2024. "Moral hazard in loss reduction and state-dependent utility," Insurance: Mathematics and Economics, Elsevier, vol. 115(C), pages 151-168.
    29. Helmut Gründl & Danjela Guxha & Anastasia Kartasheva & Hato Schmeiser, 2021. "Insurability of pandemic risks," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(4), pages 863-902, December.
    30. Klein Teeselink, Bouke & Zauberman, Gal, 2023. "The Anna Karenina income effect: Well-being inequality decreases with income," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 501-513.

  8. Brown, Jeffrey R. & Pennacchi, George G., 2016. "Discounting pension liabilities: funding versus value," Journal of Pension Economics and Finance, Cambridge University Press, vol. 15(3), pages 254-284, July.
    See citations under working paper version above.
  9. Brown, Jeffrey R. & Farrell, Anne M. & Weisbenner, Scott J., 2016. "Decision-making approaches and the propensity to default: Evidence and implications," Journal of Financial Economics, Elsevier, vol. 121(3), pages 477-495.
    See citations under working paper version above.
  10. Xu, Yilan & Beller, Andrea H. & Roberts, Brent W. & Brown, Jeffrey R., 2015. "Personality and young adult financial distress," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 90-100.

    Cited by:

    1. Seuntjens, Terri G. & van de Ven, Niels & Zeelenberg, Marcel & van der Schors, Anna, 2016. "Greed and adolescent financial behavior," Journal of Economic Psychology, Elsevier, vol. 57(C), pages 1-12.
    2. Xu, Yilan & Briley, Daniel A. & Brown, Jeffrey R. & Roberts, Brent W., 2017. "Genetic and environmental influences on household financial distress," Journal of Economic Behavior & Organization, Elsevier, vol. 142(C), pages 404-424.
    3. Zericho R. Marak & Vaishali Pagaria, 2023. "Antecedents and consequences of financial well-being: evidence from working professionals in India," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 70(3), pages 341-378, September.
    4. Gagandeep Kaur & Manjit Singh, 2024. "Pathways to Individual Financial Well-Being: Conceptual Framework and Future Research Agenda," FIIB Business Review, , vol. 13(1), pages 27-41, January.
    5. Ma. Jesusa Corazon M Lambert & Zuroni Md Jusoh & Husniyah Abd Rahim & Norzalina Zainudin, 2023. "Factors Affecting Financial Well-being of Millennials: A Systematic Review," Information Management and Business Review, AMH International, vol. 15(2), pages 98-108.
    6. Yilan Xu, 2020. "Foreclosed American Dream? Parental Foreclosure and Young Adult Children’s Homeownership," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 458-471, September.
    7. Toshihiro OKUBO & Alexander F. WAGNER & Kazuo YAMADA, 2026. "Conformism and Innovation: Evidence from R&D and patents," Discussion papers 26033, Research Institute of Economy, Trade and Industry (RIETI).
    8. Fan, Lu & Chatterjee, Swarn & Kim, Jinhee, 2022. "Young adults’ personality traits and subjective well-being: The role of perceived money management capability," Journal of Behavioral and Experimental Finance, Elsevier, vol. 35(C).
    9. Haidong Zhao & Lini Zhang & Sophia Anong, 2023. "Financial socialization and financial distress: The role of cognitive and noncognitive abilities," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(3), pages 1236-1257, July.
    10. Dee Warmath & Genevieve Elizabeth O'Connor & Nancy Wong & Casey Newmeyer, 2022. "The role of social psychological factors in vulnerability to financial hardship," Journal of Consumer Affairs, Wiley Blackwell, vol. 56(3), pages 1148-1177, September.
    11. Peijnenburg, Kim & Parise, Gianpaolo, 2017. "Understanding the Determinants of Financial Outcomes and Choices: The Role of Noncognitive Abilities," CEPR Discussion Papers 11900, Centre for Economic Policy Research.
    12. Karthikeyan Shanmugam & Vijayabanu Chidambaram & Satyanarayana Parayitam, 2023. "Relationship Between Big-Five Personality Traits, Financial Literacy and Risk Propensity: Evidence from India," IIM Kozhikode Society & Management Review, , vol. 12(1), pages 85-101, January.
    13. Shashank Kathpal & Asif Akhtar & Syed Khusro Chishty & Farrukh Rafiq, 2025. "Risk Perception as a Predictor of Heuristic Biases: The Role of Sex and Age," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 32(3), pages 1077-1098, September.
    14. Marco Angrisani & Marco Cipriani & Antonio Guarino & Ryan Kendall & Julen Ortiz de Zarate Pina, 2023. "Noncognitive Skills at the Time of COVID-19: An Experiment with Professional Traders and Students," Staff Reports 1055, Federal Reserve Bank of New York.
    15. Magdalena Adamus & Matúš Grežo, 2021. "Individual Differences in Behavioural Responses to the Financial Threat Posed by the COVID-19 Pandemic," MUNI ECON Working Papers 2021-09, Masaryk University, revised Feb 2023.
    16. Gerards, Ruud & Welters, Riccardo, 2022. "Job search in the presence of a stressor: Does financial hardship change the effectiveness of job search?," Journal of Economic Psychology, Elsevier, vol. 90(C).
    17. Burlinson, Andrew & Giulietti, Monica & Law, Cherry & Liu, Hui-Hsuan, 2021. "Fuel poverty and financial distress," Energy Economics, Elsevier, vol. 102(C).
    18. Lu Fan & Swarn Chatterjee & Jinhee Kim, 2022. "An Integrated Framework of Young Adults’ Subjective Well-Being: The Roles of Personality Traits, Financial Responsibility, Perceived Financial Capability, and Race," Journal of Family and Economic Issues, Springer, vol. 43(1), pages 66-85, March.
    19. Thomas, Sheetal & Goel, Mridula & Agrawal, Dipak, 2020. "A framework for analyzing financial behavior using machine learning classification of personality through handwriting analysis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
    20. Lei, Lei & Lu, Weijie & Niu, Geng & Zhou, Yang, 2024. "Religiosity and financial distress of the young," Journal of Banking & Finance, Elsevier, vol. 168(C).
    21. Toshihiro OKUBO & Alexander F. WAGNER & Kazuo YAMADA, 2017. "Does Foreign Ownership Explain Company Export and Innovation Decisions? Evidence from Japan," Discussion papers 17099, Research Institute of Economy, Trade and Industry (RIETI).
    22. Yunpeng Zhang & Fan Wang & Lijian Wei, 2026. "Personality traits and online credit decisions: evidence from mobile phone data," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 12(1), pages 1-43, December.
    23. Tomasz Korol, 2021. "Evaluation of the Macro- and Micro-Economic Factors Affecting the Financial Energy of Households," Energies, MDPI, vol. 14(12), pages 1-14, June.
    24. Hauff, Jeanette Carlsson & Hermansson, Cecilia, 2024. "“Buy him some Tesla stocks for his baptism”: Gender differences among young savers," Journal of Behavioral and Experimental Finance, Elsevier, vol. 44(C).
    25. Lee, Taehyun & Heshmati, Almas, 2025. "The relationship between household debt and the Big Five personality traits," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 119(C).
    26. Ruud Gerards & Riccardo Welters, 2020. "Liquidity Constraints, Unemployed Job Search and Labour Market Outcomes," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(3), pages 625-646, June.
    27. van Lent, Max, 2022. "Fathering Daughters and Personality," IZA Discussion Papers 15012, IZA Network @ LISER.
    28. Giannelis, Alexandros & Willoughby, Emily A. & Corley, Robin & Hopfer, Christian & Hewitt, John K. & Iacono, William G. & Anderson, Jacob & Rustichini, Aldo & Vrieze, Scott I. & McGue, Matt & Lee, Jam, 2023. "The association between saving disposition and financial distress: A genetically informed approach," Journal of Economic Psychology, Elsevier, vol. 96(C).
    29. Firth, Chris & Stewart, Neil & Antoniou, Constantinos & Leake, David, 2023. "The effects of personality and IQ on portfolio outcomes," Finance Research Letters, Elsevier, vol. 51(C).
    30. Susan L. Averett & Cynthia Bansak & Julie K. Smith, 2021. "Behind Every High Earning Man is a Conscientious Woman: The Impact of Spousal Personality on Earnings and Marriage," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 29-46, March.
    31. Jennifer Robson & Johanna Peetz, 2020. "Gender differences in financial knowledge, attitudes, and behaviors: Accounting for socioeconomic disparities and psychological traits," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(3), pages 813-835, September.

  11. Brown, Jeffrey R. & Ivković, Zoran & Weisbenner, Scott, 2015. "Empirical determinants of intertemporal choice," Journal of Financial Economics, Elsevier, vol. 116(3), pages 473-486.
    See citations under working paper version above.
  12. Jeffrey R. Brown, 2014. "Reforming Public Pensions Subject to Political and Legal Constraints: The Illinois Experience," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(4), pages 941-964, December.

    Cited by:

    1. Jeffrey R. Brown & Richard F. Dye, 2015. "Illinois Pensions in a Fiscal Context: A (Basket) Case Study," NBER Working Papers 21293, National Bureau of Economic Research, Inc.
    2. Trang Hoang, 2022. "Fiscal competition and state pension reforms," Public Budgeting & Finance, Wiley Blackwell, vol. 42(3), pages 41-70, September.
    3. Trang Hoang, 2023. "Public Pension Reform and Credit Quality of State Governments," Public Finance Review, , vol. 51(3), pages 368-431, May.

  13. Jeffrey R. Brown & Stephen G. Dimmock & Jun-Koo Kang & Scott J. Weisbenner, 2014. "How University Endowments Respond to Financial Market Shocks: Evidence and Implications," American Economic Review, American Economic Association, vol. 104(3), pages 931-962, March.
    See citations under working paper version above.
  14. Jeffrey R. Brown, 2014. "Income as the Outcome: How to Broaden the Narrow Framing of U.S. Retirement Policy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 7-16, March.

    Cited by:

    1. Maria Alexandrova & Nadine Gatzert, 2019. "What Do We Know About Annuitization Decisions?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(1), pages 57-100, March.
    2. Mark Power & Jonathan M. Hobbs, 2015. "A Comparative Analysis of Financial Professionals’ Perception of the Level of Graduating Business Student Retirement Planning Familiarity, Motivation, and Preparedness," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 18(2), pages 273-295, September.
    3. In Do Hwang, 2017. "Behavioral Aspects of Household Portfolio Choice: Effects of Loss Aversion on Life Insurance Uptake and Savings," Working Papers 2017-8, Economic Research Institute, Bank of Korea.
    4. Hwang, In Do, 2021. "Prospect theory and insurance demand: Empirical evidence on the role of loss aversion," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).

  15. Brown, Jeffrey R. & Weisbenner, Scott J., 2014. "Why do individuals choose defined contribution plans? Evidence from participants in a large public plan," Journal of Public Economics, Elsevier, vol. 116(C), pages 35-46.

    Cited by:

    1. Cardella, Eric & Kalenkoski, Charlene M. & Parent, Michael, 2018. "Less Is Not More: Information Presentation Complexity and 401(k) Planning Choices," IZA Discussion Papers 11538, IZA Network @ LISER.
    2. Robert L. Clark & Emma Hanson & Olivia S. Mitchell, 2015. "Lessons for Public Pensions from Utah’s Move to Pension Choice," NBER Working Papers 21385, National Bureau of Economic Research, Inc.
    3. Fuchsman, Dillon & McGee, Josh B. & Zamarro, Gema, 2023. "Teachers’ willingness to pay for retirement benefits: A national stated preferences experiment," Economics of Education Review, Elsevier, vol. 92(C).
    4. Peng, Xiaowen & Alpert, Karen & Hsu, Grace Chia-Man, 2020. "Switching between superannuation funds: Does performance and marketing matter?," Pacific-Basin Finance Journal, Elsevier, vol. 63(C).
    5. Chalmers, John & Johnson, Woodrow T. & Reuter, Jonathan, 2014. "The effect of pension design on employer costs and employee retirement choices: Evidence from Oregon," Journal of Public Economics, Elsevier, vol. 116(C), pages 17-34.
    6. Robert L. Clark & Melinda S. Morrill & David Vanderweide, 2012. "Defined Benefit Pension Plan Distribution Decisions by Public Sector Employees," NBER Working Papers 18488, National Bureau of Economic Research, Inc.
    7. M. Martin Boyer & Franca Glenzer, 2021. "Pensions, annuities, and long-term care insurance: on the impact of risk screening," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 133-174, September.
    8. Knapp, David & Hosek, James & Mattock, Michael G. & Asch, Beth J., 2023. "Predicting teacher retention behavior: Ex ante prediction and ex post realization of a voluntary retirement incentive offer," Economics of Education Review, Elsevier, vol. 93(C).
    9. M. Martin Boyer, 2018. "La gestion et le dépistage des risques liés au vieillissement, et le rôle des régimes de retraite dans le marché de l’assurance de soins de longue durée," CIRANO Project Reports 2018rp-03, CIRANO.
    10. Kitamura, Tomoki & Nakashima, Kunio, 2025. "Retirement benefits in small- and medium-sized Japanese enterprises," Pacific-Basin Finance Journal, Elsevier, vol. 92(C).
    11. Martin Boyer & Franca Glenzer, 2016. "Pensions, annuities, and long-term care insurance: On the impact of risk screening," Cahiers de recherche 1603, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    12. Michael P. Ryan & Brenda J. Cude, 2024. "Factors that Influence Preferences for Defined Benefit Plans Versus Defined Contribution Plans," The American Economist, Sage Publications, vol. 69(1), pages 35-58, March.
    13. Zuzana Brokesova & Andrej Cupak & Gueorgui Kolev, 2017. "Financial literacy and voluntary savings for retirement in Slovakia," Working and Discussion Papers WP 10/2017, Research Department, National Bank of Slovakia.
    14. Ghesla, Claus & Grieder, Manuel & Schubert, Renate, 2020. "Nudging the poor and the rich – A field study on the distributional effects of green electricity defaults," Energy Economics, Elsevier, vol. 86(C).
    15. J. Michael Collins & Carly Urban, 2016. "The Role Of Information On Retirement Planning: Evidence From A Field Study," Economic Inquiry, Western Economic Association International, vol. 54(4), pages 1860-1872, October.

  16. Brown, Jeffrey R. & Weisbenner, Scott J., 2013. "The distributional effects of the Social Security windfall elimination provision," Journal of Pension Economics and Finance, Cambridge University Press, vol. 12(4), pages 415-434, October.
    See citations under working paper version above.
  17. Brown, Jeffrey R. & Clark, Robert & Rauh, Joshua, 2011. "The economics of state and local pensions," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 161-172, April.

    Cited by:

    1. Hasan U. Altiok & Glenn Jenkins, 2012. "Social Security Generosity, Budgetary Deficits and Reforms in North Cyprus," Development Discussion Papers 2012-01, JDI Executive Programs.
    2. Luc Godbout & Yves Trudel & Suzie St-Cerny, 2013. "Le régime de rentes du Québec : le rendement différencié selon l’année de prise de la retraite de 1968 jusqu’en 2056," L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(2), pages 89-113.
    3. Castañeda, Pablo & Castro, Rubén & Fajnzylber, Eduardo & Medina, Juan Pablo & Villatoro, Félix, 2021. "Saving for the future: Evaluating the sustainability and design of Pension Reserve Funds," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    4. Hasan U. Altiok & Glenn Jenkins, 2011. "The Fiscal Burden Of The Legacy Of The Civil Service Pension Systems In Northern Cyprus," Working Paper 1284, Economics Department, Queen's University.
    5. David G. McCarthy & Po‐Lin Wang, 2022. "Wait your turn: Pension incentives, workplace rules, and labor supply among Philadelphia municipal workers," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(4), pages 985-1029, December.
    6. Latifa AITOUTOUHEN & Faris HAMZA, 2016. "Financial and Econometric Study of the Sustainability and Evaluation of Scenarios of Reforms for the Civil Regime of Moroccan," Turkish Economic Review, KSP Journals, vol. 3(4), pages 652-667, December.
    7. Srichander Ramaswamy, 2012. "The sustainability of pension schemes," BIS Working Papers 368, Bank for International Settlements.
    8. Hasan U. Altiok & Glenn Jenkins, "undated". "The Pension Traps of Northern Cyprus," Development Discussion Papers 2012-03, JDI Executive Programs.
    9. Altiok, Hasan U., 2011. "The Fiscal Burden of the Legacy of the Civil Service Pension Systems in Northern Cyprus," Queen's Economics Department Working Papers 274082, Queen's University - Department of Economics.
    10. Vincent Touzé, 2011. "Le financement des retraites aux États-Unis," Post-Print hal-03461438, HAL.
    11. Miller, Steven R. & Deller, Steven C. & Stallmann, Judith I., "undated". "Potential Rural Impacts of Pension Reductions," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258126, Agricultural and Applied Economics Association.
    12. Dashle Kelley, 2014. "The political economy of unfunded public pension liabilities," Public Choice, Springer, vol. 158(1), pages 21-38, January.
    13. Joelle H. Fong & John Piggott & Michael Sherris, 2012. "Public Sector Pension Funds in Australia: Longevity Selection and Liabilities," Working Papers 201217, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    14. Lekniute, Z. & Beetsma, R.M.W.J. & Ponds, E.H.M., 2014. "A Value-Based Approach to the Redesign of US State Pension Plans," Other publications TiSEM 3156027d-33c6-4045-963a-d, Tilburg University, School of Economics and Management.
    15. Hasan U. Altiok & Glenn Jenkins, 2012. "Social Security Reforms in Northern Cyprus: Are they Fiscally Balanced and Socially Equitable?," Development Discussion Papers 2012-02, JDI Executive Programs.

  18. Jeffrey R. Brown & Amy Finkelstein, 2011. "Insuring Long-Term Care in the United States," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 119-142, Fall.

    Cited by:

    1. Justina Klimaviciute & Pierre Pestieau & Jérôme Schoenmaeckers, 2019. "Family altruism and long-term care insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 216-230, April.
    2. Hippolyte d’Albis & Johanna Etner, 2013. "Illiquid Life Annuities," EconomiX Working Papers 2013-30, University of Paris Nanterre, EconomiX.
    3. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    4. Canta, Chiara & Cremer, Helmuth, 2018. "Opting out and topping up reconsidered: informal care under uncertain altruism," TSE Working Papers 18-924, Toulouse School of Economics (TSE), revised Nov 2019.
    5. Brian E. McGarry & David C. Grabowski, 2021. "Nursing Homes and COVID-19: A Crisis on Top of a Crisis," The ANNALS of the American Academy of Political and Social Science, , vol. 698(1), pages 137-162, November.
    6. Lin, Haizhen & Prince, Jeffrey, 2013. "The impact of the partnership long-term care insurance program on private coverage," Journal of Health Economics, Elsevier, vol. 32(6), pages 1205-1213.
    7. Chiara Canta & Helmuth Cremer, 2018. "Uncertain Altruism and Non-Linear Long-Term Care Policies," CESifo Working Paper Series 7129, CESifo.
    8. M. Martin Boyer & Philippe De Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2018. "Long Term Care Risk Misperceptions," Cahiers de recherche 1805, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    9. Philippe De Donder & Marie-Louise Leroux, 2015. "The Political Choice of Social Long Term Care Transfers when Family Gives Time and Money," CESifo Working Paper Series 5384, CESifo.
    10. Kairan Zhang & Yujia Liu & Hongwei Hu, 2024. "Multidimensional Poverty and Disability of Older Adults in China: Will Long-Term Care Insurance Make a Difference?," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 19(6), pages 3439-3462, December.
    11. De Donder, Philippe & Leroux, Marie-Louise, 2012. "Behavioral Biases and Long Term Care Annuities: A Political Economy Approach," IDEI Working Papers 749, Institut d'Économie Industrielle (IDEI), Toulouse, revised Feb 2013.
    12. Justina Klimaviciute, 2017. "Long-Term Care Insurance and Intra-family Moral Hazard: Fixed vs Proportional Insurance Benefits," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(2), pages 87-116, September.
    13. Chetty, Nadarajan & Finkelstein, Amy Nadya, 2013. "Social Insurance: Connecting Theory to Data," Scholarly Articles 34330197, Harvard University Department of Economics.
    14. Ethan M.J. Lieber & Lee M. Lockwood, 2017. "Targeting with In-kind Transfers: Evidence from Medicaid Home Care," Working Papers wp359, University of Michigan, Michigan Retirement Research Center.
    15. Patrick Meyer & Grégory Ponthière, 2016. "Human Lifetime Entropy in a Historical Perspective (1750-2014)," PSE Working Papers halshs-01409679, HAL.
    16. Jiayi Wen & Xiaoqing Yu, 2024. "Insuring Long-Term Care in Developing Countries: The Interaction between Formal and Informal Insurance," Papers 2408.14243, arXiv.org.
    17. Long Xia & Lulu Chai & Hanyu Zhang & Zhaohui Sun, 2022. "Mapping the Global Landscape of Long-Term Care Insurance Research: A Scientometric Analysis," IJERPH, MDPI, vol. 19(12), pages 1-19, June.
    18. Lin, Lin & He, Min & Sun, Wenkai, 2025. "Security fosters generosity: Social security protection and charitable giving," World Development, Elsevier, vol. 196(C).
    19. DE DONDER, Philippe & LEROUX, Marie-Louise, 2013. "Behavioral biases and long term care insurance: A political economy approach," LIDAM Discussion Papers CORE 2013020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    20. Eric French & John Bailey Jones & Elaine Kelly & Jeremy McCauley, 2018. "End-of-Life Medical Expenses," Working Paper 18-18, Federal Reserve Bank of Richmond.
    21. Martin Boyer & Philippe De Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2017. "Long-term Care Insurance: Knowledge Barriers, Risk Perception and Adverse Selection," Cahiers de recherche 1701, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    22. Canta, Chiara & Cremer, Helmuth & Gahvari, Firouz, 2016. "Maybe "honor thy father and thy mother": uncertainfamily aid and the design of social long term care insurance," TSE Working Papers 16-685, Toulouse School of Economics (TSE).
    23. Zohra Ansari-Thomas, 2024. "Sandwich Caregiving and Paid Work: Differences by Caregiving Intensity and Women’s Life Stage," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 43(1), pages 1-46, February.
    24. Bonsang, Eric & Costa-Font, Joan, 2020. "Behavioral regularities in old age planning," Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 297-300.
    25. Strulik, Holger, 2021. "Intertemporal choice with health-dependent discounting," Mathematical Social Sciences, Elsevier, vol. 111(C), pages 19-25.
    26. Coe, Norma B. & Goda, Gopi Shah & Van Houtven, Courtney Harold, 2023. "Family spillovers and long-term care insurance," Journal of Health Economics, Elsevier, vol. 90(C).
    27. Philippe de Donder & Marie-Louise Leroux, 2021. "Long Term Care Insurance with State-Dependent Preferences," Post-Print hal-03351447, HAL.
    28. Marie-Louise Leroux & Pierre Pestieau & Gregory Ponthiere, 2019. "Fair Long-Term Care Insurance," Cahiers de recherche 1903, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    29. Taylor A Begley & Daniel Weagley, 2023. "Firm Finances and the Spread of COVID-19: Evidence from Nursing Homes," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(1), pages 1-35.
    30. J. Iñaki De La Peña & M. Cristina Fernández-Ramos & Asier Garayeta, 2021. "Cost-Free LTC Model Incorporated into Private Pension Schemes," IJERPH, MDPI, vol. 18(5), pages 1-16, February.
    31. Bichler, Shimshon & Nitzan, Jonathan, 2014. "No Way Out: Crime, Punishment and the Capitalization of Power," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 61(3), pages 251-271.
    32. Swarnankur Chatterjee & Lu Fan, 2017. "Household Demand for Private Long Term Care Insurance: An Exploratory Note," Economics Bulletin, AccessEcon, vol. 37(3), pages 1975-1981.
    33. Cronin, Christopher J. & Lieber, Ethan M.J., 2024. "The demand for skills training among Medicaid home-based caregivers," Journal of Health Economics, Elsevier, vol. 95(C).
    34. Marie-Louise Leroux & Grégory Ponthiere, 2016. "Nursing Home Choice, Family Bargaining and Optimal Policy in a Hotelling Economy," Cahiers de recherche 1604, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    35. Pablo Garcia Sanchez & Luca Marchiori & Olivier Pierrard, 2023. "Long-term care expenditures and investment decisions under uncertainty," LIDAM Discussion Papers IRES 2023006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    36. Jeffrey R. Brown & Gopi Shah Goda & Kathleen McGarry, 2016. "Heterogeneity In State-Dependent Utility: Evidence From Strategic Surveys," Economic Inquiry, Western Economic Association International, vol. 54(2), pages 847-861, April.
    37. Liu, Hong & Ma, Jinqiu & Zhao, Liqiu, 2023. "Public long-term care insurance and consumption of elderly households: Evidence from China," Journal of Health Economics, Elsevier, vol. 90(C).
    38. Jiakun Zheng, 2020. "Optimal insurance design under narrow framing," Post-Print hal-04227370, HAL.
    39. M. Martin Boyer & Franca Glenzer, 2021. "Pensions, annuities, and long-term care insurance: on the impact of risk screening," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 133-174, September.
    40. Hongjuan Liu & Lingzhong Xu & Hailing Yang & Yan Zhao & Xiaorong Luan, 2022. "Preferences in long-term care models and related factors among older adults: a cross-sectional study from Shandong Province, China," European Journal of Ageing, Springer, vol. 19(1), pages 27-35, March.
    41. Bénédicte Apouey, 2018. "Les attentes en termes de services pour les seniors : Le rôle de l’altruisme et de l’anticipation de la dépendance," Working Papers hal-01627093, HAL.
    42. Amitabh Chandra & Courtney Coile & Corina Mommaerts, 2020. "What Can Economics Say About Alzheimer's Disease?," NBER Working Papers 27760, National Bureau of Economic Research, Inc.
    43. Norton, E.C., 2016. "Health and Long-Term Care," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 951-989, Elsevier.
    44. Xu, Mengyi & Alonso-García, Jennifer & Sherris, Michael & Shao, Adam W., 2023. "Insuring longevity risk and long-term care: Bequest, housing and liquidity," Insurance: Mathematics and Economics, Elsevier, vol. 111(C), pages 121-141.
    45. Costa-Font, Joan & Frank, Richard & Raut, Nilesh, 2025. "The Effects of Wealth Shocks on Public and Private Long-Term Care Insurance," IZA Discussion Papers 18287, IZA Network @ LISER.
    46. M. Martin Boyer & Philippe De Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2018. "A Canadian Parlor Room-Type Approach to the Long-Term Care Insurance Puzzle," Cahiers de recherche 1804, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    47. M. Martin Boyer, 2018. "La gestion et le dépistage des risques liés au vieillissement, et le rôle des régimes de retraite dans le marché de l’assurance de soins de longue durée," CIRANO Project Reports 2018rp-03, CIRANO.
    48. Chi, Yichun & Zhuang, Sheng Chao, 2022. "Regret-based optimal insurance design," Insurance: Mathematics and Economics, Elsevier, vol. 102(C), pages 22-41.
    49. Drèze, Jacques H. & Pestieau, Pierre & Schokkaert, Erik, 2016. "Arrow’s theorem of the deductible and long-term care insurance," Economics Letters, Elsevier, vol. 148(C), pages 103-105.
    50. Chi, Yuanyuan & Zhang, Qiang, 2025. "The impact of Long-term Care Insurance on household income inequality: Evidence from China," Economics & Human Biology, Elsevier, vol. 59(C).
    51. Joan Costa-i-Font & Nilesh Raut, 2021. "Long-Term Care Partnership Effects on Medicaid and Private Insurance," CESifo Working Paper Series 9335, CESifo.
    52. Philippe De Donder & Marie-Louise Leroux, 2015. "The Political Economy of (in)formal Long Term Care Transfers," Cahiers de recherche 1508, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    53. Fels, Markus, 2021. "Why Do People Buy Insurance? A Modern Answer to an Old Question," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242418, Verein für Socialpolitik / German Economic Association.
    54. Marianne P. Bitler & Madeline Zavodny, 2014. "Medicaid: A Review of the Literature," NBER Working Papers 20169, National Bureau of Economic Research, Inc.
    55. CREMER, Helmuth & PESTIEAU, Pierre & PONTHIERE, Grégory, 2012. "The economics of long-term care: a survey," LIDAM Reprints CORE 2466, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    56. Daniel Gottlieb & Olivia S. Mitchell, 2015. "Narrow Framing and Long-Term Care Insurance," Working Papers wp321, University of Michigan, Michigan Retirement Research Center.
    57. Zheng, Jiakun, 2020. "Optimal insurance design under narrow framing," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 596-607.
    58. Martin Boyer & Franca Glenzer, 2016. "Pensions, annuities, and long-term care insurance: On the impact of risk screening," Cahiers de recherche 1603, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    59. Martin Eling & Omid Ghavibazoo, 2019. "Research on long-term care insurance: status quo and directions for future research," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 303-356, April.
    60. Lisa Voois & Teresa Bago d-Uva & Owen O'Donnell, 2026. "Use of Shared and Private Information in Long-Term Care Risk Perceptions," Tinbergen Institute Discussion Papers 26-013/V, Tinbergen Institute.
    61. Kun Wang & Yongjian Ke & Shankar Sankaran & Bo Xia, 2021. "Problems in the home and community‐based long‐term care for the elderly in China: A content analysis of news coverage," International Journal of Health Planning and Management, Wiley Blackwell, vol. 36(5), pages 1727-1741, September.
    62. Chade, Hector & Schlee, Edward E., 2020. "Insurance as a lemons market: Coverage denials and pooling," Journal of Economic Theory, Elsevier, vol. 189(C).
    63. Minghao Chen & Yueling Xu & Bolin Zhu & Jiafeng Chen, 2025. "The Impact of Life Insurance Allocation on Household Consumption Expenditure: Evidence from China," SAGE Open, , vol. 15(3), pages 21582440251, September.
    64. Hwang, In Do, 2021. "Prospect theory and insurance demand: Empirical evidence on the role of loss aversion," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
    65. J. Iñaki De La Peña & M. Cristina Fernández-Ramos & Asier Garayeta & Iratxe D. Martín, 2022. "Transforming Private Pensions: An Actuarial Model to Face Long-Term Costs," Mathematics, MDPI, vol. 10(7), pages 1-17, March.
    66. McConnell, Margaret, 2013. "Behavioral economics and aging," The Journal of the Economics of Ageing, Elsevier, vol. 1, pages 83-89.
    67. Fahle, Sean & Barczyk, Daniel & Kredler, Matthias, 2021. "Save, Spend or Give? A Model of Housing, Family Insurance, and Savings in Old Age," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242406, Verein für Socialpolitik / German Economic Association.
    68. Bergquist, Savannah & Costa-Font, Joan & Swartz, Katherine, 2015. "Long term care partnerships: are they 'fit for purpose'?," LSE Research Online Documents on Economics 60757, London School of Economics and Political Science, LSE Library.
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    70. Thomas Blavet & Bertrand Chopard & Thomas Rapp & Jonathan Sicsic, 2026. "Misperception, self-reported probabilities and long-term care insurance take-up in the United States," International Journal of Health Economics and Management, Springer, vol. 26(1), pages 1-28, March.
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  19. Jeffrey R. Brown & Courtney C. Coile & Scott J. Weisbenner, 2010. "The Effect of Inheritance Receipt on Retirement," The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 425-434, May.
    See citations under working paper version above.
  20. Jeffrey R. Brown, 2009. "Financial Education and Annuities," OECD Journal: General Papers, OECD Publishing, vol. 2008(3), pages 173-215.

    Cited by:

    1. Bucher-Koenen, Tabea & Knebel, Caroline & Weber, Martin, 2023. "Do individuals accept fluctuations in pension income?," ZEW Discussion Papers 23-019, ZEW - Leibniz Centre for European Economic Research.
    2. Brown, Jeffrey R. & Kapteyn, Arie & Luttmer, Erzo F.P. & Mitchell, Olivia S. & Samek, Anya, 2019. "Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing," IZA Discussion Papers 12263, IZA Network @ LISER.
    3. Elsa Fornero & Annamaria Lusardi & Chiara Monticone, 2009. "Adequacy of Saving for Old Age in Europe," CeRP Working Papers 87, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    4. Giuseppe Cappelletti & Giovanni Guazzarotti & Pietro Tommasino, 2011. "What determines annuity demand at retirement?," Temi di discussione (Economic working papers) 805, Bank of Italy, Economic Research and International Relations Area.
    5. Donnelly, Catherine & Guillén, Montserrat & Nielsen, Jens Perch, 2014. "Bringing cost transparency to the life annuity market," Insurance: Mathematics and Economics, Elsevier, vol. 56(C), pages 14-27.
    6. Tomoki KITAMURA & Yoshimi ADACHI, 2024. "Impact of eliminating retirement earnings test on labor supply and pension benefit claims," PLOS ONE, Public Library of Science, vol. 19(8), pages 1-30, August.
    7. MacDonald, Bonnie-Jeanne & Cairns, Andrew J.G., 2011. "Three retirement decision models for defined contribution pension plan members: A simulation study," Insurance: Mathematics and Economics, Elsevier, vol. 48(1), pages 1-18, January.
    8. Sutcliffe, Charles, 2015. "Trading death: The implications of annuity replication for the annuity puzzle, arbitrage, speculation and portfolios," International Review of Financial Analysis, Elsevier, vol. 38(C), pages 163-174.
    9. Jeffrey R. Brown & Arie Kapteyn & Erzo F.P. Luttmer & Olivia S. Mitchell & Anya Samek, 2017. "Behavioral Impediments to Valuing Annuities: Evidence on the Effects of Complexity and Choice Bracketing," NBER Working Papers 24101, National Bureau of Economic Research, Inc.
    10. Alexis DIRER & Rim ENNAJAR-SAYADI, 2016. "How Pride Elastic is the Demand For Retirement Saving," LEO Working Papers / DR LEO 2436, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    11. Amitabh Chandra & Courtney Coile & Corina Mommaerts, 2020. "What Can Economics Say About Alzheimer's Disease?," NBER Working Papers 27760, National Bureau of Economic Research, Inc.
    12. Bégin, Jean-François & Sanders, Barbara, 2024. "Benefit volatility-targeting strategies in lifetime pension pools," Insurance: Mathematics and Economics, Elsevier, vol. 118(C), pages 72-94.
    13. Danny Yagan, 2014. "Riding the Bubble? Chasing Returns into Illiquid Assets," NBER Working Papers 20360, National Bureau of Economic Research, Inc.
    14. Alexis Direr & Rim Ennajar-Sayadi, 2019. "How price-elastic is the demand for retirement saving?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(1), pages 102-122, January.
    15. Alexis DIRER & Rim ENNAJAR-SAYADI, 2016. "How Price Elastic is the Demand For Retirement Saving?," LEO Working Papers / DR LEO 2437, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    16. Kitamura, Tomoki & Nakashima, Kunio, 2025. "Financial incentives for delaying the public pension claiming age," Journal of Behavioral and Experimental Finance, Elsevier, vol. 45(C).
    17. Hazel Bateman & Ralph Stevens & Jennifer Alonso Garcia & Eduard Ponds, 2018. "Learning to Value Annuities: The Role of Information and Engagement," ULB Institutional Repository 2013/300030, ULB -- Universite Libre de Bruxelles.
    18. Wei-Ting Pan, 2016. "The Impact of Mandatory Savings on Life Cycle Consumption and Portfolio Choice," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 2-2016, January-A.
    19. Sita Nataraj Slavov & Aspen Gorry, 2012. "Financing entitlements and promoting work: Does policy encourage early retirement?," AEI Economic Perspectives, American Enterprise Institute, December.
    20. Andreas Richter & Jörg Schiller & Harris Schlesinger, 2014. "Behavioral insurance: Theory and experiments," Journal of Risk and Uncertainty, Springer, vol. 48(2), pages 85-96, April.
    21. Monika Riedel & Helmut Hofer & Birgit Wögerbauer, 2015. "Determinants for the transition from work into retirement in Europe," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-19, December.

  21. Jeffrey R. Brown & David W. Wilcox, 2009. "Discounting State and Local Pension Liabilities," American Economic Review, American Economic Association, vol. 99(2), pages 538-542, May.

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    1. Brown, Jeffrey R. & Weisbenner, Scott J., 2014. "Why do individuals choose defined contribution plans? Evidence from participants in a large public plan," Journal of Public Economics, Elsevier, vol. 116(C), pages 35-46.
    2. Pandolfo, Jordan & Winkelmann, Kurt, 2024. "The transitional impact of state pension reform," Journal of Economic Dynamics and Control, Elsevier, vol. 160(C).
    3. Aiello, Darren & Bernstein, Asaf & Kargar, Mahyar & Lewis, Ryan & Schwert, Michael, 2025. "The marginal value of public pension wealth: Evidence from border house prices," Journal of Financial Economics, Elsevier, vol. 172(C).
    4. Tiemen Woutersen, 2022. "Discounting Trillions of Dollars in Pension Obligations: A Better Alternative to Using the Expected Return or Risk-Free Rate," Studies in Applied Economics 204, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    5. Brian Silverstein, 2021. "Defined benefit pension de‐risking and corporate risk‐taking," Financial Management, Financial Management Association International, vol. 50(4), pages 1085-1111, December.
    6. Alicia H. Munnell & Jean-Pierre Aubry & Laura Quinby, 2010. "Public Pension Funding in Practice," NBER Working Papers 16442, National Bureau of Economic Research, Inc.
    7. John A. Dove & Courtney A. Collins & Daniel J. Smith, 2018. "The impact of public pension board of trustee composition on state bond ratings," Economics of Governance, Springer, vol. 19(1), pages 51-73, February.
    8. Meijdam, A.C. & Ponds, E.H.M., 2013. "On the Optimal Degree Of Funding Of Public Sector Pension Plans," Discussion Paper 2013-011, Tilburg University, Center for Economic Research.
    9. Luc Godbout & Yves Trudel & Suzie St-Cerny, 2013. "Le régime de rentes du Québec : le rendement différencié selon l’année de prise de la retraite de 1968 jusqu’en 2056," L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(2), pages 89-113.
    10. Dirk Broeders & Kristy Jansen, 2021. "Pension Funds and Drivers of Heterogeneous Investment Strategies," Working Papers 712, DNB.
    11. Falk Justin R., 2012. "Comparing Benefits and Total Compensation between Similar Federal and Private-Sector Workers," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-37, October.
    12. Benjamin Knox & Jakob Ahm Sørensen, 2024. "Insurers’ Investments and Insurance Prices," Finance and Economics Discussion Series 2024-058, Board of Governors of the Federal Reserve System (U.S.).
    13. Narat Charupat & Mark J. Kamstra & Moshe A. Milevsky, 2016. "The Sluggish and Asymmetric Reaction of Life Annuity Prices to Changes in Interest Rates," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(3), pages 519-555, September.
    14. Dominique Durant & David Lenze & Marshall B. Reinsdorf, 2014. "Adding Actuarial Estimates of Defined-Benefit Pension Plans to National Accounts," NBER Chapters, in: Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, pages 151-203, National Bureau of Economic Research, Inc.
    15. Robert L. Clark & Lee A. Craig & John Sabelhaus, 2011. "State and Local Retirement Plans in the United States," Books, Edward Elgar Publishing, number 13685.
    16. Stuart Landon & Constance Smith, 2018. "Does a Discount Rate Rule Ensure a Pension Plan Can Pay Promised Benefits without Excessive Asset Accumulation?," Working Papers 2018-01, University of Alberta, Department of Economics.
    17. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    18. Jeffrey R. Brown & Robert Clark & Joshua Rauh, 2011. "The Economics of State and Local Public Pensions," NBER Working Papers 16792, National Bureau of Economic Research, Inc.
    19. Jeffrey R. Brown & Richard F. Dye, 2015. "Illinois Pensions in a Fiscal Context: A (Basket) Case Study," NBER Working Papers 21293, National Bureau of Economic Research, Inc.
    20. Anzia, Sarah F. & Moe, Terry M., 2016. "Interest Groups on the Inside: The Governance of Public Pension Funds," Institute for Research on Labor and Employment, Working Paper Series qt8c82g4hf, Institute of Industrial Relations, UC Berkeley.
    21. Beltrametti, Luca & Della Valle, Matteo, 2011. "Does pension debt mean anything after all?," MPRA Paper 29694, University Library of Munich, Germany.
    22. Luca Larcher & Francis Breedon, 2020. "Discounting and the market valuation of defined benefit pensions," Working Papers 932, Queen Mary University of London, School of Economics and Finance.
    23. Robert Novy-Marx, 2011. "Logical Implications of GASB's Methodology for Valuing Pension Liabilities," NBER Working Papers 17613, National Bureau of Economic Research, Inc.
    24. Ding Ding & Xiang Fang & Bryan Hardy & Karen Lewis, 2026. "Global pension asset allocations and debt markets," BIS Papers, Bank for International Settlements, number 172.
    25. Luca Beltrametti & Matteo Della Valle, 2011. "Does the implicit pension debt mean anything after all?," CeRP Working Papers 118, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    26. Boon, L.N. & Brière, M. & Rigot, S., 2018. "Regulation and pension fund risk-taking," Journal of International Money and Finance, Elsevier, vol. 84(C), pages 23-41.
    27. David G. Lenze, 2009. "Accrual Measures of Pension-Related Compensation and Wealth of State and Local Government Workers," BEA Working Papers 0054, Bureau of Economic Analysis.
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    29. Butler, Alexander W. & Yi, Hanyi, 2022. "Aging and public financing costs: Evidence from U.S. municipal bond markets," Journal of Public Economics, Elsevier, vol. 211(C).
    30. Bohn, Henning, 2010. "Should Public Retirement Plans be Fully Funded?," University of California at Santa Barbara, Economics Working Paper Series qt1cw6c8qg, Department of Economics, UC Santa Barbara.
    31. Grey Gordon & Pablo Guerrón-Quintana, 2021. "Public Debt, Private Pain: Regional Borrowing, Default, and Migration," Working Paper 21-13, Federal Reserve Bank of Richmond.
    32. Jeffrey Diebold & Vincent Reitano & Bruce McDonald, 2018. "Sweat The Small Stuff: Strategic Selection Of Pension Policies Used To Defer Required Contributions," Contemporary Economic Policy, Western Economic Association International, vol. 36(3), pages 505-525, July.
    33. Robert Novy-Marx & Joshua D. Rauh, 2012. "Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 182-213, May.
    34. Robert K. Triest & Bo Zhao, 2013. "The role of economic, fiscal, and financial shocks in the evolution of public sector pension funding," Working Papers 13-26, Federal Reserve Bank of Boston.
    35. Novy-Marx, Robert & Rauh, Joshua D., 2014. "Linking benefits to investment performance in US public pension systems," Journal of Public Economics, Elsevier, vol. 116(C), pages 47-61.
    36. Vincent Touzé, 2011. "Le financement des retraites aux États-Unis," Post-Print hal-03461438, HAL.
    37. Robert M. Costrell, 2018. "The 80% Pension Funding Target, High Assumed Returns, And Generational Inequity," Contemporary Economic Policy, Western Economic Association International, vol. 36(3), pages 493-504, July.
    38. Clark, Robert L., 2011. "State and Local Pensions in the United States," PIE/CIS Discussion Paper 498, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    39. Sabri Boubaker & Dimitrios Gounopoulos & Duc Khuong Nguyen & Nikos Paltalidis, 2016. "Assessing the Effects of Unconventional Monetary Policy on Pension Funds Risk Incentives," Working Papers 2016-005, Department of Research, Ipag Business School.
    40. Christian Dippel, 2019. "Political Parties Do Matter in U.S. Cities ... For Their Unfunded Pensions," NBER Working Papers 25601, National Bureau of Economic Research, Inc.
    41. Alonso-García, Jennifer & Devolder, Pierre, 2019. "Continuous time model for notional defined contribution pension schemes: Liquidity and solvency," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 57-76.
    42. Sutirtha Bagchi & James Naughton, 2020. "Public-Sector Pension Plans and the Discount Rate Assumption: The Role of Political Incentives," Villanova School of Business Department of Economics and Statistics Working Paper Series 48, Villanova School of Business Department of Economics and Statistics.
    43. Jansen, Kristy, 2021. "Essays on institutional investors, portfolio choice, and asset prices," Other publications TiSEM fd998408-d282-4e0f-b542-4, Tilburg University, School of Economics and Management.
    44. Jeffrey R. Brown & George G. Pennacchi, 2015. "Discounting Pension Liabilities: Funding versus Value," NBER Working Papers 21276, National Bureau of Economic Research, Inc.
    45. Klaus Kaier & Christoph Müller, 2015. "New figures on unfunded public pension entitlements across Europe: concept, results and applications," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(4), pages 865-895, November.
    46. Michael Kisser & John Kiff & Mauricio Soto, 2017. "Do Managers of U.S. Defined Benefit Pension Plan Sponsors Use Regulatory Freedom Strategically?," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 55(5), pages 1213-1255, December.
    47. Byron Lutz & Louise Sheiner, 2013. "The Fiscal Stress Arising from State and Local Retiree Health Obligations," NBER Chapters, in: State and Local Health Plans for Active and Retired Public Employees, National Bureau of Economic Research, Inc.
    48. Kenechukwu E. Anadu & James Bohn & Lina Lu & Matthew Pritsker & Andrei Zlate, 2019. "Reach for Yield by U.S. Public Pension Funds," Finance and Economics Discussion Series 2019-048, Board of Governors of the Federal Reserve System (U.S.).
    49. Michaelides, Alexander & Papakyriakou, Panayiotis & Milidonis, Andreas, 2019. "Corporate Pension Plan Funding Levels and Pension Assumptions," CEPR Discussion Papers 13591, Centre for Economic Policy Research.
    50. Love, David A. & Smith, Paul A. & Wilcox, David W., 2011. "The effect of regulation on optimal corporate pension risk," Journal of Financial Economics, Elsevier, vol. 101(1), pages 18-35, July.
    51. Anantharaman, Divya & Henderson, Darren, 2021. "Contrasting the information demands of equity- and debt-holders: Evidence from pension liabilities," Journal of Accounting and Economics, Elsevier, vol. 71(2).
    52. Siona Listokin & Meng-Hao Li & Abu Bakkar Siddique & Rajendra Kulkarni & Naoru Koizumi, 2023. "Public pension fund investments into hedge funds during the Great Recession: a network analysis," SN Business & Economics, Springer, vol. 3(7), pages 1-17, July.
    53. Dashle Kelley, 2014. "The political economy of unfunded public pension liabilities," Public Choice, Springer, vol. 158(1), pages 21-38, January.
    54. Robert Novy-Marx & Joshua D. Rauh, 2009. "The Liabilities and Risks of State-Sponsored Pension Plans," Journal of Economic Perspectives, American Economic Association, vol. 23(4), pages 191-210, Fall.
    55. Lutz, Byron & Sheiner, Louise, 2014. "The fiscal stress arising from state and local retiree health obligations," Journal of Health Economics, Elsevier, vol. 38(C), pages 130-146.
    56. Dahlquist, Magnus & Ibert, Markus, 2026. "Institutions’ return expectations across assets and time," Journal of Financial Economics, Elsevier, vol. 175(C).
    57. Boubaker, Sabri & Gounopoulos, Dimitrios & Nguyen, Duc Khuong & Paltalidis, Nikos, 2017. "Assessing the effects of unconventional monetary policy and low interest rates on pension fund risk incentives," Journal of Banking & Finance, Elsevier, vol. 77(C), pages 35-52.
    58. Don H. Chamberlain & L. Murphy Smith & Randall B. Bunker, 2016. "An examination of US state pensions by total state expenditures, state budget deficit and red v. blue state," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 7(1), pages 27-44.
    59. Luca Beltrametti & Matteo Della Valle, 2012. "The Implicit Pension Debt: Its Meaning and an International Comparison - Il debito pensionistico: significato e confronti internazionali," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(1), pages 15-38.
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    61. International Monetary Fund, 2014. "United States: Selected Issues," IMF Staff Country Reports 2014/222, International Monetary Fund.
    62. Robert Novy-Marx & Joshua D. Rauh, 2012. "The Revenue Demands of Public Employee Pension Promises," NBER Working Papers 18489, National Bureau of Economic Research, Inc.
    63. Aleksandar Andonov & Joshua D Rauh, 2022. "The Return Expectations of Public Pension Funds," The Review of Financial Studies, Society for Financial Studies, vol. 35(8), pages 3777-3822.
    64. Sutirtha Bagchi, 2017. "The Effects of Political Competition on the Funding of Public-Sector Pension Plans (Revised June 2020)," Villanova School of Business Department of Economics and Statistics Working Paper Series 36, Villanova School of Business Department of Economics and Statistics.
    65. Sutirtha Bagchi, 2013. "The Effects of Political Competition on the Funding and Generosity of Public-Sector Pension Plans," 2013 Papers pba941, Job Market Papers.
    66. Joshua Rauh & Robert Novy-Marx, 2010. "Policy Options for State Pension Systems and Their Impact on Plan Liabilities," NBER Working Papers 16453, National Bureau of Economic Research, Inc.
    67. Lekniute, Z. & Beetsma, R.M.W.J. & Ponds, E.H.M., 2014. "A Value-Based Approach to the Redesign of US State Pension Plans," Other publications TiSEM 3156027d-33c6-4045-963a-d, Tilburg University, School of Economics and Management.
    68. Charles Steindel, 2020. "Public pension shortfalls and state economic growth: a preliminary examination," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(3), pages 138-149, July.

  22. Jeffrey R. Brown & Amy Finkelstein, 2009. "The Private Market for Long‐Term Care Insurance in the United States: A Review of the Evidence," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 5-29, March.

    Cited by:

    1. Roquebert, Q. & Tenand, M., 2016. "Pay less, consume more? Estimating the price elasticity of demand for home care services of the disabled elderly," Health, Econometrics and Data Group (HEDG) Working Papers 16/16, HEDG, c/o Department of Economics, University of York.
    2. Joan Costa-i-Font & Christophe Courbage, 2014. "Crowding Out of Long-Term Care Insurance: Evidence from European Expectations Data," CESifo Working Paper Series 4910, CESifo.
    3. Philippe De Donder & Marie-Louise Leroux, 2020. "Long Term Care Insurance with State-Dependent Preferences," Cahiers de recherche / Working Papers 2001, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
    4. Michel Fuino & Andrey Ugarte Montero & Joël Wagner, 2022. "On the drivers of potential customers' interest in long‐term care insurance: Evidence from Switzerland," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(3), pages 271-302, September.
    5. Philippe De Donder & Marie-Louise Leroux & François Salanié, 2022. "Advantageous selection without moral hazard (with an application to life care annuities)," Cahiers de recherche / Working Papers 2203, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
    6. Marie-Louise Leroux & Pierre Pestieau, 2020. "Age-related taxation of bequests in the presence of a dependency risk," Cahiers de recherche / Working Papers 2007, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
    7. Shang Wu & Hazel Bateman & Ralph Stevens & Susan Thorp, 2022. "Flexible insurance for long‐term care: A study of stated preferences," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 823-858, September.
    8. Peijnenburg, J.M.J. & Nijman, Theo & Werker, Bas J.M., 2017. "Health cost risk : A potential solution to the annuity puzzle," Other publications TiSEM 257e76c9-54bb-4103-bd26-9, Tilburg University, School of Economics and Management.
    9. Cremer, Helmuth & Roeder, Kerstin, 2016. "Social insurance with competitive insurance markets and risk misperception," IDEI Working Papers 857, Institut d'Économie Industrielle (IDEI), Toulouse.
    10. Shemendyuk, Aleksandr & Wagner, Joël, 2025. "Evolution of institutional long-term care costs based on health factors," Insurance: Mathematics and Economics, Elsevier, vol. 120(C), pages 107-130.
    11. Chiara Canta & Helmuth Cremer, 2018. "Uncertain Altruism and Non-Linear Long-Term Care Policies," CESifo Working Paper Series 7129, CESifo.
    12. Chiara Canta & Helmuth Cremer, 2021. "Opting out and topping up reconsidered: Informal care under uncertain altruism," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(1), pages 259-283, February.
    13. Marie-Louise Leroux & Pierre Pestieau & Grégory Ponthière, 2014. "Longévité différentielle et redistribution : enjeux théoriques et empiriques," PSE Working Papers halshs-01071723, HAL.
    14. M. Martin Boyer & Philippe De Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2018. "Long Term Care Risk Misperceptions," Cahiers de recherche 1805, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    15. Giorgio Fabbri & Marie-Louise Leroux & Paolo Melindi-Ghidi & Willem Sas, 2024. "Conditioning public pensions on health: effects on capital accumulation and welfare," Journal of Population Economics, Springer;European Society for Population Economics, vol. 37(2), pages 1-21, June.
    16. Philippe De Donder & Marie-Louise Leroux, 2015. "The Political Choice of Social Long Term Care Transfers when Family Gives Time and Money," CESifo Working Paper Series 5384, CESifo.
    17. Junhao Liu & Anita Mukherjee, 2021. "Medicaid and long‐term care: The effects of penalizing strategic asset transfers," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 53-77, March.
    18. Coe, Norma B. & Skira, Meghan M. & Van Houtven, Courtney Harold, 2015. "Long-term care insurance: Does experience matter?," Journal of Health Economics, Elsevier, vol. 40(C), pages 122-131.
    19. Cremer, Helmuth & Roeder, Kerstin, 2011. "Long-term care policy, myopia and redistribution," IDEI Working Papers 723, Institut d'Économie Industrielle (IDEI), Toulouse, revised May 2012.
    20. Nick Netzer & Florian Scheuer, 2010. "Competitive screening in insurance markets with endogenous wealth heterogeneity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(2), pages 187-211, August.
    21. De Donder, Philippe & Leroux, Marie-Louise, 2012. "Behavioral Biases and Long Term Care Annuities: A Political Economy Approach," IDEI Working Papers 749, Institut d'Économie Industrielle (IDEI), Toulouse, revised Feb 2013.
    22. Joan Costa-i-Font & Cristina Vilaplana, 2016. "Does the Expansion of Public Long-Term Care Funding Affect Savings Behaviour?," CESifo Working Paper Series 6135, CESifo.
    23. Bertrand Achou & Philippe de Donder & Franca Glenzer & Minjoon Lee & Marie-Louise Leroux, 2022. "Nursing home aversion post-pandemic: Implications for savings and long-term care policy," Post-Print hal-03917920, HAL.
    24. Aregger, Silvan & Eling, Martin, 2020. "Alternative Modelle zur Finanzierung der Langzeitpflegekosten," I.VW HSG Schriftenreihe, University of St.Gallen, Institute of Insurance Economics (I.VW-HSG), volume 67, number 67, March.
    25. David C. Webb, 2009. "Asymmetric Information, Long‐Term Care Insurance, and Annuities: The Case for Bundled Contracts," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(1), pages 53-85, March.
    26. Long Xia & Lulu Chai & Hanyu Zhang & Zhaohui Sun, 2022. "Mapping the Global Landscape of Long-Term Care Insurance Research: A Scientometric Analysis," IJERPH, MDPI, vol. 19(12), pages 1-19, June.
    27. Tian Zhou‐Richter & Mark J. Browne & Helmut Gründl, 2010. "Don't They Care? Or, Are They Just Unaware? Risk Perception and the Demand for Long‐Term Care Insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(4), pages 715-747, December.
    28. DE DONDER, Philippe & LEROUX, Marie-Louise, 2013. "Behavioral biases and long term care insurance: A political economy approach," LIDAM Discussion Papers CORE 2013020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    29. Eric French & John Bailey Jones & Elaine Kelly & Jeremy McCauley, 2018. "End-of-Life Medical Expenses," Working Paper 18-18, Federal Reserve Bank of Richmond.
    30. Martin Boyer & Philippe De Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2017. "Long-term Care Insurance: Knowledge Barriers, Risk Perception and Adverse Selection," Cahiers de recherche 1701, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    31. Du Juan, 2012. "Formal and Informal Care: An Empirical Bayesian Analysis Using the Two-part Model," Forum for Health Economics & Policy, De Gruyter, vol. 15(1), pages 1-42, November.
    32. Cremer, Helmuth & Pestieau, Pierre & Roeder, Kerstin, 2015. "Social long-term care insurance with two-sided altruism," TSE Working Papers 15-593, Toulouse School of Economics (TSE).
    33. Haizhen Lin & Jeffrey T. Prince, 2012. "The Impact of the Partnership Long-term Care Insurance Program on Private Coverage and Medicaid Expenditures," Working Papers 2012-01, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    34. Chen, An & Fuino, Michel & Sehner, Thorsten & Wagner, Joël, 2022. "Valuation of long-term care options embedded in life annuities," Annals of Actuarial Science, Cambridge University Press, vol. 16(1), pages 68-94, March.
    35. Philippe De Donder & Marie-Louise Leroux & François Salanié, 2023. "Advantageous selection without moral hazard," Journal of Risk and Uncertainty, Springer, vol. 67(1), pages 21-43, August.
    36. J. Iñaki De La Peña & M. Cristina Fernández-Ramos & Asier Garayeta, 2021. "Cost-Free LTC Model Incorporated into Private Pension Schemes," IJERPH, MDPI, vol. 18(5), pages 1-16, February.
    37. Fuino, Michel & Wagner, Joël, 2020. "Duration of long-term care: Socio-economic factors, type of care interactions and evolution," Insurance: Mathematics and Economics, Elsevier, vol. 90(C), pages 151-168.
    38. Giovanna Apicella & Marcellino Gaudenzi & Andrea Molent, 2025. "The life care annuity: enhancing product features and refining pricing methods," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 48(2), pages 873-911, December.
    39. Shinya Sugawara, 2017. "Firm‐Driven Management of Longevity Risk: Analysis of Lump‐Sum Forward Payments in Japanese Nursing Homes," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 26(1), pages 169-204, February.
    40. Łukasz Jurek & Wioletta Wolańska, 2021. "Determinants of Demand for Private Long-Term Care Insurance (Empirical Evidence from Poland)," Risks, MDPI, vol. 9(1), pages 1-15, January.
    41. Marie-Louise Leroux & Grégory Ponthiere, 2016. "Nursing Home Choice, Family Bargaining and Optimal Policy in a Hotelling Economy," Cahiers de recherche 1604, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    42. Jeffrey R. Brown & Amy Finkelstein, 2011. "Insuring Long-Term Care in the United States," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 119-142, Fall.
    43. Shemendyuk, Aleksandr & Wagner, Joël, 2024. "On the factors determining the health profiles and care needs of institutionalized elders," Insurance: Mathematics and Economics, Elsevier, vol. 114(C), pages 223-241.
    44. Jean Pinquet & Montserrat Guillén & Mercedes Ayuso, 2011. "Commitment and Lapse Behavior in Long-Term Insurance: A Case Study," Post-Print hal-00374303, HAL.
    45. Chen, An & Chen, Yusha & Xu, Xian, 2022. "Care-dependent tontines," Insurance: Mathematics and Economics, Elsevier, vol. 106(C), pages 69-89.
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  23. Jeffrey R. Brown & Zoran Ivković & Paul A. Smith & Scott Weisbenner, 2008. "Neighbors Matter: Causal Community Effects and Stock Market Participation," Journal of Finance, American Finance Association, vol. 63(3), pages 1509-1531, June.
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  25. Jeffrey R. Brown & Jeffrey R. Kling & Sendhil Mullainathan & Marian V. Wrobel, 2008. "Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle," American Economic Review, American Economic Association, vol. 98(2), pages 304-309, May.
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    Cited by:

    1. Kosali Simon & Sharon Tennyson & Julie Hudman, 2009. "Do State Cost Control Policies Reduce Medicaid Prescription Drug Spending?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 12(1), pages 39-66, March.
    2. Ali Bonakdar Tehrani & Norman V. Carroll, 2017. "The Medicaid Rebate: Changes in Oncology Drug Prices After the Affordable Care Act," Applied Health Economics and Health Policy, Springer, vol. 15(4), pages 513-520, August.

  28. Jeffrey R. Brown & Nellie Liang & Scott Weisbenner, 2007. "Executive Financial Incentives and Payout Policy: Firm Responses to the 2003 Dividend Tax Cut," Journal of Finance, American Finance Association, vol. 62(4), pages 1935-1965, August.
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  29. Brown, Jeffrey R. & Liang, Nellie & Weisbenner, Scott, 2007. "Individual account investment options and portfolio choice: Behavioral lessons from 401(k) plans," Journal of Public Economics, Elsevier, vol. 91(10), pages 1992-2013, November.
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  30. Brown, Jeffrey R. & Finkelstein, Amy, 2007. "Why is the market for long-term care insurance so small?," Journal of Public Economics, Elsevier, vol. 91(10), pages 1967-1991, November.

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    5. Norma B. Coe & R. Tamara Konetzka & Chuxuan Sun & Courtney Harold Houtven, 2025. "Long-term care insurance within married couples: Can’t insure one without the other?," Review of Economics of the Household, Springer, vol. 23(4), pages 1189-1220, December.
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    75. Emily Oster & Ira Shoulson & Kimberly Quaid & E. Ray Dorsey, 2009. "Genetic Adverse Selection: Evidence from Long-Term Care Insurance and Huntington Disease," NBER Working Papers 15326, National Bureau of Economic Research, Inc.
    76. Helmuth Cremer & Kerstin Roeder, 2013. "Long-Term Care and Lazy Rotten Kids," CESifo Working Paper Series 4372, CESifo.
    77. Lyu, Lingfeng & Shen, Yang & Sherris, Michael & Ziveyi, Jonathan, 2026. "Financing aged care with home equity allowing for government age pension and aged care support," Insurance: Mathematics and Economics, Elsevier, vol. 126(C).
    78. Jiakun Zheng, 2020. "Optimal insurance design under narrow framing," Post-Print hal-04227370, HAL.
    79. M. Martin Boyer & Franca Glenzer, 2021. "Pensions, annuities, and long-term care insurance: on the impact of risk screening," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 133-174, September.
    80. Guiso, Luigi & Sodini, Paolo, 2013. "Household Finance: An Emerging Field," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 1397-1532, Elsevier.
    81. Arandjelović, Aleksandar & Kingston, Geoffrey & Shevchenko, Pavel V., 2023. "Life cycle insurance, bequest motives and annuity loads," Journal of Economic Dynamics and Control, Elsevier, vol. 157(C).
    82. Amitabh Chandra & Courtney Coile & Corina Mommaerts, 2020. "What Can Economics Say About Alzheimer's Disease?," NBER Working Papers 27760, National Bureau of Economic Research, Inc.
    83. Maximilien Nayaradou & Sébastien Nouet & Manuel Plisson, 2016. "Les mécanismes économiques et financiers associés à la couverture dépendance : une analyse exploratoire sur données bancaires," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 273-326.
    84. Mi, Hong & Fan, Xiaodong & Lu, Bei & Cai, Liming & Piggott, John, 2020. "Preparing for population ageing: Estimating the cost of formal aged care in China," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    85. Greenhalgh-Stanley, Nadia, 2012. "Medicaid and the housing and asset decisions of the elderly: Evidence from estate recovery programs," Journal of Urban Economics, Elsevier, vol. 72(2), pages 210-224.
    86. David Casado Mar n, 2008. "Policy options for a public long-term care system in Spain: a microsimulation model," Hacienda Pública Española / Review of Public Economics, IEF, vol. 186(3), pages 61-90, October.
    87. Jeremy Pincus & Katherine Hopewood & Robert Mills, 2017. "Framing the decision to buy long-term care insurance: losses and gains in the context of statistical and narrative evidence," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 22(1), pages 33-40, March.
    88. Laura Grassi, 2024. "In a world of Open Finance, are customers willing to share data? An analysis of the data-driven insurance business," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 14(3), pages 727-753, September.
    89. Lee M. Lockwood, 2014. "Incidental Bequests and the Choice to Self-Insure Late-Life Risks," NBER Working Papers 20745, National Bureau of Economic Research, Inc.
    90. Norton, E.C., 2016. "Health and Long-Term Care," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 951-989, Elsevier.
    91. Goda, Gopi Shah, 2011. "The impact of state tax subsidies for private long-term care insurance on coverage and Medicaid expenditures," Journal of Public Economics, Elsevier, vol. 95(7), pages 744-757.
    92. Gideon Yaniv, 2019. "Evading the Catastrophic Costs of Nursing Home Care: A Theoretical Inquiry," Public Finance Review, , vol. 47(4), pages 662-678, July.
    93. Guo, Miao & Li, Yang & Zhang, Wendan, 2025. "Supply expansion of Long-Term Services & Supports: Evidence from China’s long-term care insurance pilot," Journal of Economic Behavior & Organization, Elsevier, vol. 239(C).
    94. Wang, Yizi & He, Xiaoying, 2024. "Does purchasing commercial insurance promote household consumption? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    95. R. Anton Braun & Karen A. Kopecky, 2024. "Reforming the US Long-Term Care Insurance Market," CIGS Working Paper Series 24-005E, The Canon Institute for Global Studies.
    96. Ameriks, John & Briggs, Joseph & Caplin, Andrew & Shapiro, Matthew D. & Tonetti, Christopher, 2016. "Late-in-Life Risks and the Under-Insurance Puzzle," Research Papers 3485, Stanford University, Graduate School of Business.
    97. Brown, Jessica H., 2023. "The impact of a long-term care information campaign on insurance coverage," Journal of Health Economics, Elsevier, vol. 92(C).
    98. Wouterse, B.; & Hussem, A.; & Wong, A.;, 2018. "The effect of co-payments in Long Term Care on the distribution of payments,consumption, and risk," Health, Econometrics and Data Group (HEDG) Working Papers 18/24, HEDG, c/o Department of Economics, University of York.
    99. Joan Costa-Font, 2011. "Insurance Crowding Out and Long-Term Care Partnerships," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(02), pages 52-54, July.
    100. Jean Pinquet & Guillén Montserrat, 2008. "Long-Term Care: Risk Description of a Spanish Portfolio and Economic Analysis of the Timing of Insurance Purchase," Post-Print hal-00343104, HAL.
    101. Unruh Mark A. & Stevenson David G. & Frank Richard G. & Cohen Marc A. & Grabowski David C., 2016. "Demand-Side Factors Associated with the Purchase of Long-Term Care Insurance," Forum for Health Economics & Policy, De Gruyter, vol. 19(1), pages 23-43, June.
    102. Eva Boj del Val & M. Mercè Claramunt Bielsa & Xavier Varea Soler, 2020. "Role of Private Long-Term Care Insurance in Financial Sustainability for an Aging Society," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    103. Philippe De Donder & Marie-Louise Leroux, 2012. "Behavioral Biases and Long Term Care Annuities: A Political Economy Approach," CESifo Working Paper Series 3972, CESifo.
    104. Drèze, Jacques H. & Pestieau, Pierre & Schokkaert, Erik, 2016. "Arrow’s theorem of the deductible and long-term care insurance," Economics Letters, Elsevier, vol. 148(C), pages 103-105.
    105. Jing Dong & Fabrice Smieliauskas & R. Tamara Konetzka, 2019. "Effects of long-term care insurance on financial well-being," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 277-302, April.
    106. Joan Costa-i-Font & Nilesh Raut, 2021. "Long-Term Care Partnership Effects on Medicaid and Private Insurance," CESifo Working Paper Series 9335, CESifo.
    107. Jason Brown & Mark Warshawsky, 2013. "The Life Care Annuity: A New Empirical Examination of an Insurance Innovation That Addresses Problems in the Markets for Life Annuities and Long-Term Care Insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(3), pages 677-704, September.
    108. Shinya Sugawara, 2013. "Firm-driven Management for Longevity Risk: Analysis of Lump-sum Forward Payments in Japanese Nursing Homes," CIRJE F-Series CIRJE-F-908, CIRJE, Faculty of Economics, University of Tokyo.
    109. Akaichi, Faical & Costa-Font, Joan & Frank, Richard, 2019. "Uninsured by Choice? A Choice Experiment on Long Term Care Insurance," IZA Discussion Papers 12501, IZA Network @ LISER.
    110. Courbage, Christophe & Eeckhoudt, Louis, 2012. "On insuring and caring for parents’ long-term care needs," Journal of Health Economics, Elsevier, vol. 31(6), pages 842-850.
    111. Warshawsky, Mark & Marchand, Ross, 2017. "Improving the System of Financing Long-Term Services and Supports for Older Americans," Working Papers 07009, George Mason University, Mercatus Center.
    112. Zheng, Jiakun, 2020. "Optimal insurance design under narrow framing," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 596-607.
    113. Martin Boyer & Franca Glenzer, 2016. "Pensions, annuities, and long-term care insurance: On the impact of risk screening," Cahiers de recherche 1603, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
    114. Martin Eling & Omid Ghavibazoo, 2019. "Research on long-term care insurance: status quo and directions for future research," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 303-356, April.
    115. Liran Einav & Amy Finkelstein, 2011. "Selection in Insurance Markets: Theory and Emprirics in Pictures," Discussion Papers 10-016, Stanford Institute for Economic Policy Research.
    116. Panos Kanavos & Olivier Wouters & Aris Angelis & David Tordrup & Panos Kanavos, 2017. "Is the Funding of Public National Health Systems Sustainable over the Long Term? Evidence from Eight OECD Countries," Global Policy, London School of Economics and Political Science, vol. 8, pages 7-22, March.
    117. Helmuth Cremer & Pierre Pestieau, 2014. "Social long-term care insurance and redistribution," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 21(6), pages 955-974, December.
    118. R. Anton Braun & Karen A. Kopecky & Tatyana Koreshkova, 2017. "Old, Frail, and Uninsured: Accounting for Puzzles in the U.S. Long-Term Care Insurance Market," FRB Atlanta Working Paper 2017-3, Federal Reserve Bank of Atlanta.
    119. Ozbugday, Fatih Cemil & Tirgil, Abdullah & Kose, Elif Gul, 2020. "Efficiency changes in long-term care in OECD countries: A non-parametric Malmquist Index approach," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    120. Daniel Gottlieb & Olivia S. Mitchell, 2020. "Narrow Framing and Long‐Term Care Insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(4), pages 861-893, December.
    121. Bram Wouterse & Arjen Hussem & Albert Wong, 2022. "The risk protection and redistribution effects of long‐term care co‐payments," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 161-186, March.
    122. Hanming Fang, 2014. "Insurance Markets for the Elderly," NBER Working Papers 20549, National Bureau of Economic Research, Inc.
    123. Andy Zuchandke & Sebastian Reddemann & Simone Krummaker & J.-Matthias Graf von der Schulenburg, 2010. "Impact of the Introduction of the Social Long-Term Care Insurance in Germany on Financial Security Assessment in Case of Long-Term Care Need," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 35(4), pages 626-643, October.
    124. Bram Wouterse & Arjen Hussem, 2019. "The welfare effects of co-payments in long term care," CPB Discussion Paper 394, CPB Netherlands Bureau for Economic Policy Analysis.
    125. Yang, Tianli & Zhao, Zhong, 2025. "Long-term care insurance policy and the development of elderly care enterprises in China," China Economic Review, Elsevier, vol. 94(PB).
    126. Mommaerts, Corina, 2018. "Are coresidence and nursing homes substitutes? Evidence from Medicaid spend-down provisions," Journal of Health Economics, Elsevier, vol. 59(C), pages 125-138.
    127. Jeffrey R. Brown & Norma B. Coe & Amy Finkelstein, 2007. "Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey," NBER Chapters, in: Tax Policy and the Economy, Volume 21, pages 1-34, National Bureau of Economic Research, Inc.
    128. Hwang, In Do, 2021. "Prospect theory and insurance demand: Empirical evidence on the role of loss aversion," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
    129. Rapp, Thomas & Chauvin, Pauline & Sirven, Nicolas, 2015. "Are public subsidies effective to reduce emergency care? Evidence from the PLASA study," Social Science & Medicine, Elsevier, vol. 138(C), pages 31-37.
    130. John Ameriks & Joseph Briggs & Andrew Caplin & Matthew D. Shapiro & Christopher Tonetti, 2016. "The Long-Term-Care Insurance Puzzle: Modeling and Measurement," NBER Working Papers 22726, National Bureau of Economic Research, Inc.
    131. Achou, Bertrand, 2021. "Housing liquidity and long-term care insurance demand: A quantitative evaluation," Journal of Public Economics, Elsevier, vol. 194(C).
    132. Sandrine Juin, 2016. "Care for dependent elderly people : dealing with health and financing issues," Erudite Ph.D Dissertations, Erudite, number ph16-02 edited by Thomas Barnay, June.
    133. Christophe Courbage & Nolwenn Roudaut, 2010. "On Insurance for Long-term Care in France," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(02), pages 24-28, July.
    134. Adriano A. Rampini & S. Viswanathan, 2016. "Household Risk Management," NBER Working Papers 22293, National Bureau of Economic Research, Inc.
    135. Bergquist, Savannah & Costa-Font, Joan & Swartz, Katherine, 2015. "Long term care partnerships: are they 'fit for purpose'?," LSE Research Online Documents on Economics 60757, London School of Economics and Political Science, LSE Library.
    136. Montserrat Guillén & Jean Pinquet, 2008. "Long-Term Care: Risk Description of a Spanish Portfolio and Economic Analysis of the Timing of Insurance Purchase," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(4), pages 659-672, October.
    137. Nadia Greenhalgh-Stanley, 2015. "Are the Elderly Responsive in Their Savings Behavior to Changes in Asset Limits for Medicaid?," Public Finance Review, , vol. 43(3), pages 324-346, May.
    138. Crainich, David & Goldzahl, Léontine & Jusot, Florence & Mignon, Doriane, 2025. "Explaining the long-term care insurance puzzle: The role of preferences for correlation and for quality of life over wealth," Journal of Health Economics, Elsevier, vol. 103(C).
    139. Peijnenburg, J.M.J. & Nijman, T.E. & Werker, B.J.M., 2010. "Health Cost Risk and Optimal Retirement Provision : A Simple Rule for Annuity Demand," Discussion Paper 2010-14, Tilburg University, Center for Economic Research.
    140. Jeffrey Brown & Amy Finkelstein, 2011. "Insuring Long Term Care In the US," NBER Working Papers 17451, National Bureau of Economic Research, Inc.
    141. Rampini, Adriano A. & Viswanathan, S., 2018. "Financing Insurance," CEPR Discussion Papers 12855, Centre for Economic Policy Research.
    142. Justina Klimaviciute & Pierre Pestieau & Jérôme Schoenmaeckers, 2020. "Long‐Term Care Insurance With Family Altruism: Theory and Empirics," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(4), pages 895-918, December.
    143. Kools, Lieke & Knoef, Marike, 2019. "Health and consumption preferences; estimating the health state dependence of utility using equivalence scales," European Economic Review, Elsevier, vol. 113(C), pages 46-62.
    144. Thomas Buchmueller & John C. Ham & Lara D. Shore-Sheppard, 2015. "The Medicaid Program," NBER Chapters, in: Economics of Means-Tested Transfer Programs in the United States, Volume 1, pages 21-136, National Bureau of Economic Research, Inc.
    145. Guangbo Ma & Kun Xu, 2022. "Value-Based Health Care: Long-Term Care Insurance for Out-of-Pocket Medical Expenses and Self-Rated Health," IJERPH, MDPI, vol. 20(1), pages 1-20, December.
    146. Rinaldo Brau & Matteo Lippi Bruni, 2006. "Eliciting the Demand for Long Term Care Coverage: A Discrete Choice Modelling Analysis," Working Papers 2006.71, Fondazione Eni Enrico Mattei.
    147. Franca Glenzer & Bertrand Achou, 2019. "Annuities, long-term care insurance, and insurer solvency," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 252-276, April.
    148. Franck Bien & Arnold Chassagnon & Manuel Plisson, 2011. "Est-il rationnel de ne pas s'assurer contre la dépendance ?," Revue française d'économie, Presses de Sciences-Po, vol. 0(4), pages 161-199.
    149. Kesternich, Iris & Schumacher, Heiner, 2009. "On the Use of Information in Repeated Insurance Markets," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 280, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    150. Jean Pinquet, 2008. "Quel avenir pour l'assurance dépendance? Leçons de l'expérience américaine," Post-Print hal-00396151, HAL.
    151. Lambregts, Timo R. & Schut, Frederik T., 2020. "Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    152. Christophe Courbage & Nolwenn Roudaut, 2008. "Empirical Evidence on Long-term Care Insurance Purchase in France," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(4), pages 645-658, October.

  31. Brown, Jeffrey R. & Liang, Nellie & Weisbenner, Scott, 2006. "401(k) matching contributions in company stock: Costs and benefits for firms and workers," Journal of Public Economics, Elsevier, vol. 90(6-7), pages 1315-1346, August.
    See citations under working paper version above.
  32. Jeffrey R. Brown & Peter R. Orszag, 2006. "The Political Economy of Government‐Issued Longevity Bonds," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 73(4), pages 611-631, December.

    Cited by:

    1. Maathumai Nirmalendran & Michael Sherris & Katja Hanewald, 2012. "Solvency Capital, Pricing and Capitalization Strategies of Life Annuity Providers," Working Papers 201213, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    2. Huang, Rachel J. & Tsai, Jeffrey T. & Tzeng, Larry Y., 2008. "Government-provided annuities under insolvency risk," Insurance: Mathematics and Economics, Elsevier, vol. 43(3), pages 377-385, December.
    3. Dirk Broeders, 2010. "Valuation of Contingent Pension Liabilities and Guarantees Under Sponsor Default Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(4), pages 911-934, December.
    4. Irena Dushi & Leora Friedberg & Anthony Webb, 2006. "The Impact of Aggregate Mortality Risk on Defined Benefit Pension Plans," Working Papers, Center for Retirement Research at Boston College wp2006-21, Center for Retirement Research, revised Nov 2006.
    5. Broeders, Dirk & Mehlkopf, Roel & van Ool, Annick, 2021. "The economics of sharing macro-longevity risk," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 440-458.
    6. Bauer, Daniel & Börger, Matthias & Ruß, Jochen, 2010. "On the pricing of longevity-linked securities," Insurance: Mathematics and Economics, Elsevier, vol. 46(1), pages 139-149, February.
    7. Broeders, Dirk & Chen, An & Koos, Birgit, 2011. "A utility-based comparison of pension funds and life insurance companies under regulatory constraints," Insurance: Mathematics and Economics, Elsevier, vol. 49(1), pages 1-10, July.
    8. Ngai, Andrew & Sherris, Michael, 2011. "Longevity risk management for life and variable annuities: The effectiveness of static hedging using longevity bonds and derivatives," Insurance: Mathematics and Economics, Elsevier, vol. 49(1), pages 100-114, July.
    9. Yikang Li & Casey Rothschild, 2020. "Selection and Redistribution in the Irish Tontines of 1773, 1775, and 1777," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(3), pages 719-750, September.
    10. Jeffrey R. Brown, 2007. "Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning," NBER Working Papers 13537, National Bureau of Economic Research, Inc.
    11. Mr. Nicolas R Blancher & François Haas & Mr. John Kiff & Ms. Oksana Khadarina & Mr. Paul S. Mills & Parmeshwar Ramlogan & Mr. William Lee & Ms. Yoon Sook Kim & Todd Groome & Mr. Shinobu Nakagawa, 2006. "The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks," IMF Working Papers 2006/217, International Monetary Fund.
    12. John Chalmers & Jonathan Reuter, 2009. "How Do Retirees Value Life Annuities? Evidence from Public Employees," NBER Working Papers 15608, National Bureau of Economic Research, Inc.
    13. Schuhmacher, Petra, 2008. "The Demand for Enhanced Annuities," Discussion Papers in Business Administration 7954, University of Munich, Munich School of Management.
    14. Roman N. Schulze & Thomas Post, 2010. "Individual Annuity Demand Under Aggregate Mortality Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(2), pages 423-449, June.

  33. Biggs, Andrew G. & Brown, Jeffrey R. & Springstead, Glenn, 2005. "Alternative Methods of Price Indexing Social Security: Implications for Benefits and System Financing," National Tax Journal, National Tax Association;National Tax Journal, vol. 58(3), pages 483-504, September.
    See citations under working paper version above.
  34. Thomas Davidoff & Jeffrey R. Brown & Peter A. Diamond, 2005. "Annuities and Individual Welfare," American Economic Review, American Economic Association, vol. 95(5), pages 1573-1590, December.
    See citations under working paper version above.
  35. Brown, Jeffrey R. & Cummins, J. David & Lewis, Christopher M. & Wei, Ran, 2004. "An empirical analysis of the economic impact of federal terrorism reinsurance," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 861-898, July.
    See citations under working paper version above.
  36. Jeffrey R. Brown, 2003. "Redistribution and Insurance: Mandatory Annuitization With Mortality Heterogeneity," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 70(1), pages 17-41, March.
    See citations under working paper version above.
  37. Brown, Jeffrey R. & Kroszner, Randall S. & Jenn, Brian H., 2002. "Federal Terrorism Risk Insurance," National Tax Journal, National Tax Association;National Tax Journal, vol. 55(3), pages 647-657, September.
    See citations under working paper version above.
  38. Jeffrey R. Brown & Austan Goolsbee, 2002. "Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 481-507, June.
    See citations under working paper version above.
  39. Brown, Jeffrey R., 2001. "Private pensions, mortality risk, and the decision to annuitize," Journal of Public Economics, Elsevier, vol. 82(1), pages 29-62, October.
    See citations under working paper version above.
  40. Brown, Jeffrey R. & Mitchell, Olivia S. & Poterba, James M. & Warshawsky, Mark J., 1999. "Taxing Retirement Income: Nonqualified Annuities and Distributions From Qualified Accounts," National Tax Journal, National Tax Association;National Tax Journal, vol. 52(3), pages 563-592, September.
    See citations under working paper version above.

Chapters

  1. Jeffrey Brown & James Poterba & David P. Richardson, 2017. "Do Required Minimum Distribution Rules Matter? The Effect of the 2009 Holiday on Retirement Plan Distributions," NBER Chapters, in: Personal Income Taxation and Household Behavior (TAPES), National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Jeffrey R. Brown & George Pennacchi, 2015. "Discounting Pension Liabilities: Funding versus Value," NBER Chapters, in: The Impact of Reforms of State Retirement Plans, pages 254-284, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Jeffrey R. Brown & Caroline M. Hoxby, 2013. "Introduction to "How the Financial Crisis and Great Recession Affected Higher Education"," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 1-13, National Bureau of Economic Research, Inc.

    Cited by:

    1. Christopher Avery & Ronald Ehrenberg & Catharine Hill & Douglas A. Webber, 2024. "Endowment Spending Rules," NBER Chapters, in: Financing Institutions of Higher Education, pages 163-195, National Bureau of Economic Research, Inc.
    2. Andrew Barr & Sarah E. Turner, 2013. "Expanding Enrollments and Contracting State Budgets," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 168-193, November.

  4. Jeffrey R. Brown & Stephen G. Dimmock & Scott Weisbenner, 2012. "The Supply of and Demand for Charitable Donations to Higher Education," NBER Chapters, in: How the Financial Crisis and Great Recession Affected Higher Education, pages 151-174, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  5. Jeffrey R. Brown & Scott J. Weisbenner, 2012. "Why Do Individuals Choose Defined Contribution Plans? Evidence from Participants in a Large Public Plan," NBER Chapters, in: Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  6. Jeffrey R. Brown & Robert L. Clark & Joshua D. Rauh, 2010. "The Economics of State and Local Pensions," NBER Chapters, in: The Economics of State and Local Pensions, pages 161-172, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  7. Jeffrey R. Brown, 2009. "Comment on "The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States"," NBER Chapters, in: Social Security Policy in a Changing Environment, pages 195-198, National Bureau of Economic Research, Inc.

    Cited by:

    1. Robert French & Philip Oreopoulos, 2016. "Applying Behavioral Economics to Public Policy in Canada," NBER Working Papers 22671, National Bureau of Economic Research, Inc.
    2. Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    3. Robert A. Pollak, 2016. "Marriage Market Equilibrium," NBER Working Papers 22309, National Bureau of Economic Research, Inc.
    4. John Burnett & Kevin Davis & Carsten Murawski & Roger Wilkins & Nicholas Wilkinson, 2014. "Measuring Adequacy of Retirement Savings," Melbourne Institute Working Paper Series wp2014n05, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    5. Kirsten L. MacDonald & Robert J. Bianchi & Michael E. Drew, 2020. "Equity risk versus retirement adequacy: asset allocation solutions for KiwiSaver," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(4), pages 3851-3873, December.
    6. Robert L. Clark & Emma Hanson & Olivia S. Mitchell, 2015. "Lessons for Public Pensions from Utah’s Move to Pension Choice," NBER Working Papers 21385, National Bureau of Economic Research, Inc.
    7. Wang, Albert Y. & Young, Michael, 2020. "Terrorist attacks and investor risk preference: Evidence from mutual fund flows," Journal of Financial Economics, Elsevier, vol. 137(2), pages 491-514.
    8. van Rooij, Maarten & Teppa, Federica, 2014. "Personal traits and individual choices: Taking action in economic and non-economic decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 100(C), pages 33-43.
    9. Jacob Goldin, 2013. "Optimal Tax Salience," Working Papers 571a, Princeton University, Department of Economics, Industrial Relations Section..
    10. Jaehyeon Ju & Daegon Cho & Jae Kyu Lee & Jae‐Hyeon Ahn, 2021. "Can It Clean Up Your Inbox? Evidence from South Korean Anti‐spam Legislation," Production and Operations Management, Production and Operations Management Society, vol. 30(8), pages 2636-2652, August.
    11. Grossmann, Volker & Strulik, Holger, 2015. "Optimal social insurance and health inequality," FSES Working Papers 464, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    12. Crow, Kellie & Mathmann, Frank & Greer, Dominique, 2019. "Got a dollar? Locomotion orientation decreases the effect of defaults on charitable giving," Journal of Retailing and Consumer Services, Elsevier, vol. 48(C), pages 1-6.
    13. Niels Vermeer, 2016. "Age Anchors and the Expected Retirement Age: An Experimental Study," De Economist, Springer, vol. 164(3), pages 255-279, September.
    14. Javed I. Ahmed & Brad M. Barber & Terrance Odean, 2013. "Made poorer by choice: worker outcomes in Social Security v. private retirement accounts," Finance and Economics Discussion Series 2013-23, Board of Governors of the Federal Reserve System (U.S.).
    15. Garrett A. McBrayer, 2018. "Does persistence explain ESG disclosure decisions?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1074-1086, November.
    16. Joshua Hyman, 2017. "ACT for All: The Effect of Mandatory College Entrance Exams on Postsecondary Attainment and Choice," Education Finance and Policy, MIT Press, vol. 12(3), pages 281-311, Summer.
    17. Keane, M.P. & Thorp, S., 2016. "Complex Decision Making," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 661-709, Elsevier.
    18. Robert L. Clark & Olivia S. Mitchell, 2020. "Target Date Defaults in a Public Sector Retirement Saving Plan," Southern Economic Journal, John Wiley & Sons, vol. 86(3), pages 1133-1149, January.
    19. Agarwal, Vikas & Aslan, Hadiye & Huang, Lixin & Ren, Honglin, 2021. "Political uncertainty and household stock market participation," CFR Working Papers 21-06, University of Cologne, Centre for Financial Research (CFR).
    20. Itzik Fadlon & David Laibson, 2017. "Paternalism and Pseudo-Rationality: An Illustration Based on Retirement Savings," NBER Working Papers 23620, National Bureau of Economic Research, Inc.
    21. Hazel Bateman & Christine Eckert & Fedor Iskhakov & Jordan Louviere & Stephen Satchell & Susan Thorp, 2017. "Default and naive diversification heuristics in annuity choice," Australian Journal of Management, Australian School of Business, vol. 42(1), pages 32-57, February.
    22. Cox, James C. & Kreisman, Daniel & Dynarski, Susan, 2020. "Designed to fail: Effects of the default option and information complexity on student loan repayment," Journal of Public Economics, Elsevier, vol. 192(C).
    23. Lynne Robertson-Rose, 2020. "“Because My Father Told Me To”: Exploratory Insights into Parental Influence on the Retirement Savings Behavior of Adult Children," Journal of Family and Economic Issues, Springer, vol. 41(2), pages 364-376, June.
    24. Moseley, Alice & Stoker, Gerry, 2013. "Nudging citizens? Prospects and pitfalls confronting a new heuristic," Resources, Conservation & Recycling, Elsevier, vol. 79(C), pages 4-10.
    25. Silverman, Dan & Slemrod, Joel & Uler, Neslihan, 2014. "Distinguishing the role of authority “in” and authority “to”," Journal of Public Economics, Elsevier, vol. 113(C), pages 32-42.
    26. Jonathan Cribb & Carl Emmerson, 2020. "What happens to workplace pension saving when employers are obliged to enrol employees automatically?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(3), pages 664-693, June.

  8. Jeffrey R. Brown & James M. Poterba, 2009. "Introduction to "Tax Policy and the Economy, Volume 23"," NBER Chapters, in: Tax Policy and the Economy, Volume 23, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fatih Guvenen & Greg Kaplan & Jae Song & Justin Weidner, 2017. "Lifetime Incomes in the United States over Six Decades," NBER Working Papers 23371, National Bureau of Economic Research, Inc.

  9. Jeffrey R. Brown & Scott J. Weisbenner, 2009. "Who Chooses Defined Contribution Plans?," NBER Chapters, in: Social Security Policy in a Changing Environment, pages 131-161, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  10. Jeffrey R. Brown & Julia Lynn Coronado & Don Fullerton, 2009. "Is Social Security Part of the Social Safety Net?," NBER Chapters, in: Tax Policy and the Economy, Volume 23, pages 37-72, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  11. Jeffrey R. Brown & Jeffrey Liebman & David A. Wise, 2009. "Introduction to "Social Security Policy in a Changing Environment"," NBER Chapters, in: Social Security Policy in a Changing Environment, pages 1-17, National Bureau of Economic Research, Inc.

    Cited by:

    1. Beshears, John Leonard & Choi, James J. & Laibson, David I. & Madrian, Brigitte, 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," Scholarly Articles 4723207, Harvard Kennedy School of Government.

  12. Jeffrey R. Brown & Amy Finkelstein, 2007. "Why Is the Market or Long-term Care Insurance So Small?," NBER Chapters, in: Public Policy and Retirement, Trans-Atlantic Public Economics Seminar (TAPES), pages 1967-1991, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  13. Jeffrey R. Brown & Norma B. Coe & Amy Finkelstein, 2007. "Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey," NBER Chapters, in: Tax Policy and the Economy, Volume 21, pages 1-34, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  14. Jeffrey R. Brown & Nellie Liang & Scott Weisbenner, 2007. "Individual Account Investment Options and Portfolio Choice: Behavioral Lessons from 401(k) Plans," NBER Chapters, in: Public Policy and Retirement, Trans-Atlantic Public Economics Seminar (TAPES), pages 1992-2013, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  15. Jeffrey R. Brown & James M. Poterba, 2006. "Household Ownership of Variable Annuities," NBER Chapters, in: Tax Policy and the Economy, Volume 20, pages 163-191, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  16. Jeffrey Brown & Scott Weisbenner, 2004. "Intergenerational Transfers and Savings Behavior," NBER Chapters, in: Perspectives on the Economics of Aging, pages 181-204, National Bureau of Economic Research, Inc.

    Cited by:

    1. David Joulfaian, 2006. "Inheritance and Saving," NBER Working Papers 12569, National Bureau of Economic Research, Inc.
    2. Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth or Whatever Happened to the Great Inheritance Boom? Results from the SCF and PSID," NBER Working Papers 16840, National Bureau of Economic Research, Inc.
    3. Bhattacharya, Jay & Lakdawalla, Darius, 2006. "Does Medicare benefit the poor?," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 277-292, January.
    4. Diego Daruich, 2018. "The Macroeconomic Consequences of Early Childhood Development Policies," Working Papers 2018-29, Federal Reserve Bank of St. Louis.
    5. Julie Zissimopoulos & Johanna Thunell & Stipica Mudrazija, 2020. "Parental Income and Wealth Loss and Transfers to Their Young Adult Children," Journal of Family and Economic Issues, Springer, vol. 41(2), pages 316-331, June.
    6. Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom?," BCL working papers 55, Central Bank of Luxembourg.
    7. Jeffrey R. Brown & Courtney C. Coile & Scott J. Weisbenner, 2006. "The Effect of Inheritance Receipt on Retirement," NBER Working Papers 12386, National Bureau of Economic Research, Inc.
    8. Malo, Miguel Á. & Sciulli, Dario, 2023. "Expected wealth transfers and consumption across the wealth distribution in Europe," Economic Modelling, Elsevier, vol. 126(C).
    9. Eduard Suari-Andreu, 2023. "Labour supply, retirement, and consumption responses of older Europeans to inheritance receipt," Empirical Economics, Springer, vol. 64(1), pages 33-75, January.

  17. Jeffrey Brown, 2002. "Differential Mortality and the Value of Individual Account Retirement Annuities," NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 401-446, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  18. Jeffrey Brown & Jeffrey B. Liebman & Joshua Pollet, 2002. "Appendix. Estimating Life Tables That Reflect Socioeconomic Differences In Mortality," NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 447-458, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alicia H. Munnell & Mauricio Soto & Alex Golub-Sass, 2008. "Are Older Men Healthy Enough to Work?," Issues in Brief ib2008-8-17, Center for Retirement Research, revised Oct 2008.
    2. Sass, Steven A. & Sun, Wei & Webb, Anthony, 2013. "Social Security claiming decision of married men and widow poverty," Economics Letters, Elsevier, vol. 119(1), pages 20-23.
    3. Jeffrey R. Brown & Julia Lynn Coronado & Don Fullerton, 2009. "Is Social Security Part of the Social Safety Net?," NBER Working Papers 15070, National Bureau of Economic Research, Inc.
    4. Wei Sun & Anthony Webb, 2009. "How Much Do Households Really Lose By Claiming Social Security at Age 62?," Working Papers, Center for Retirement Research at Boston College wp2009-11, Center for Retirement Research, revised Apr 2009.
    5. Li Tan & Cory Koedel, 2019. "The Effects of Differential Income Replacement and Mortality on U.S. Social Security Redistribution," Southern Economic Journal, John Wiley & Sons, vol. 86(2), pages 613-637, October.
    6. Irena Dushi & Leora Friedberg & Anthony Webb, 2021. "Is the Adjustment of Social Security Benefits Actuarially Fair, and If So, for Whom?," Working Papers wp421, University of Michigan, Michigan Retirement Research Center.
    7. Alicia H. Munnell & Alex Golub-Sass & Nadia Karamcheva, 2009. "Strange But True: Claim Social Security Now, Claim More Later," Issues in Brief ib2009-9-9, Center for Retirement Research, revised Apr 2009.
    8. Owen Davis & Siavash Radpour, 2021. "Older Workers' Wages Are Growing - But Not Fast Enough," SCEPA publication series. 2021-04, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    9. Alicia H. Munnell & Alex Golub-Sass & Nadia Karamcheva, 2009. "Strange But True: Claim and Suspend Social Security," Issues in Brief ib2009-9-11, Center for Retirement Research, revised May 2009.
    10. Liebman, Jeffrey B. & Luttmer, Erzo F.P. & Seif, David G., 2009. "Labor supply responses to marginal Social Security benefits: Evidence from discontinuities," Journal of Public Economics, Elsevier, vol. 93(11-12), pages 1208-1223, December.
    11. Antoine Bommier, 2008. "Rational Impatience ?," Working Papers hal-00441880, HAL.
    12. OLIVERA Javier, 2018. "The distribution of pension wealth in Europe," LISER Working Paper Series 2018-10, Luxembourg Institute of Socio-Economic Research (LISER).
    13. Christoph Schinke, 2012. "Inheritance in Germany 1911 to 2009: A Mortality Multiplier Approach," SOEPpapers on Multidisciplinary Panel Data Research 462, DIW Berlin, The German Socio-Economic Panel (SOEP).
    14. Guan Gong & Anthony Webb, 2006. "Mortality Heterogeneity and The Distributional Consequences of Mandatory Annuitization," Working Papers, Center for Retirement Research at Boston College wp2006-11, Center for Retirement Research.
    15. Wei Sun & Teresa Ghilarducci & Michael Papadopoulos & Anthony Webb, 2019. "The Impact of a Social Security Proposal for "Catch-Up" Contributions," SCEPA working paper series. 2019-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    16. S. Brock Blomberg & Thomas DeLeire & Gregory D. Hess, 2006. "The (After) Life-Cycle Theory of Religious Contributions," CESifo Working Paper Series 1854, CESifo.
    17. Bommier, Antoine & Leroux, Marie-Louise & Lozachmeur, Jean-Marie, 2011. "On the public economics of annuities with differential mortality," Journal of Public Economics, Elsevier, vol. 95(7), pages 612-623.
    18. Venti, Steven & Wise, David A., 2015. "The long reach of education: Early retirement," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 133-148.
    19. Jesse Bricker & Alice Henriques Volz & Kevin B. Moore, 2017. "Updates to the Sampling of Wealthy Families in the Survey of Consumer Finances," Finance and Economics Discussion Series 2017-114, Board of Governors of the Federal Reserve System (U.S.).
    20. Alicia H. Munnell & Alex Golub-Sass & Nadia Karamcheva, 2009. "Strange But True: Free Loan From Social Security," Issues in Brief ib2009-9-6, Center for Retirement Research, revised Mar 2009.
    21. Yuh, Yoonkyung & Yang, Jaehwan, 2011. "The Valuation and Redistribution Effect of the Korea National Pension," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 52(1), pages 113-142, June.
    22. Antoine Bommier, 2006. "Mortality, Time Preference and Life-Cycle Models," Working Papers hal-00441888, HAL.
    23. Geoffrey T. Sanzenbacher & Jorge D. Ramos-Mercado, 2016. "Calculating Expected Social Security Benefits by Race, Education, and Claiming Age," Working Papers, Center for Retirement Research at Boston College wp2016-14, Center for Retirement Research.

  19. Jeffrey R. Brown & Olivia S. Mitchell & James M. Poterba, 2001. "The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program," NBER Chapters, in: Risk Aspects of Investment-Based Social Security Reform, pages 321-370, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  20. Jeffrey Brown, 2001. "Are the Elderly Really Over-Annuitized? New Evidence on Life Insurance and Bequests," NBER Chapters, in: Themes in the Economics of Aging, pages 91-126, National Bureau of Economic Research, Inc.
    See citations under working paper version above.

Books

  1. Jeffrey R. Brown, 2016. "Tax Policy and the Economy, Volume 30," NBER Books, National Bureau of Economic Research, Inc, number brow-14, December.

    Cited by:

    1. Clemens, Jeffrey, 2017. "The Minimum Wage and the Great Recession: A Response to Zipperer and Recapitulation of the Evidence," MPRA Paper 80153, University Library of Munich, Germany.
    2. Jesse Bricker & Sarena Goodman & Alice Henriques Volz & Kevin B. Moore, 2021. "A Wealth of Information: Augmenting the Survey of Consumer Finances to Characterize the Full U.S. Wealth Distribution," Finance and Economics Discussion Series 2021-053, Board of Governors of the Federal Reserve System (U.S.).
    3. Clemens, Jeffrey, 2017. "Pitfalls in the Development of Falsification Tests: An Illustration from the Recent Minimum Wage Literature," MPRA Paper 80154, University Library of Munich, Germany.

  2. Brown, Jeffrey R. & Hoxby, Caroline M. (ed.), 2015. "How the Financial Crisis and Great Recession Affected Higher Education," National Bureau of Economic Research Books, University of Chicago Press, number 9780226201832, December.

    Cited by:

    1. Sarena Goodman & Alice Henriques Volz, 2020. "Attendance Spillovers between Public and For-Profit Colleges: Evidence from Statewide Variation in Appropriations for Higher Education," Education Finance and Policy, MIT Press, vol. 15(3), pages 428-456, Summer.
    2. Shimeng Liu & Weizeng Sun & John V. Winters, 2019. "Up In Stem, Down In Business: Changing College Major Decisions With The Great Recession," Contemporary Economic Policy, Western Economic Association International, vol. 37(3), pages 476-491, July.
    3. Rajashri Chakrabarti & Nicole Gorton & Michael Lovenheim, 2020. "State Investment in Higher Education: Effects on Human Capital Formation, Student Debt, and Long-Term Financial Outcomes of Students," Staff Reports 941, Federal Reserve Bank of New York.
    4. Frank Fernandez & Xiaodan Hu & Mark Umbricht, 2023. "Examining Wyoming’s Endowment Challenge Program: A Synthetic Control Analysis," Research in Higher Education, Springer;Association for Institutional Research, vol. 64(5), pages 654-674, August.
    5. Robert Toutkoushian & Manu Raghav, 2021. "Estimated Profit: A Look at the Excess Revenues of Private Four-Year Nonprofit Postsecondary Institutions," Education Finance and Policy, MIT Press, vol. 16(1), pages 125-145, Winter.
    6. Franziska Hampf & Marc Piopiunik & Simon Wiederhold, 2020. "The Effects of Graduating from High School in a Recession: College Investments, Skill Formation, and Labor-Market Outcomes," CESifo Working Paper Series 8252, CESifo.
    7. Sara Ayllón & Natalia Nollenberger, 2021. "The Unequal Opportunity For Skills Acquisition During The Great Recession In Europe," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(2), pages 289-316, June.
    8. Blom, Erica & Cadena, Brian C. & Keys, Benjamin J., 2015. "Investment over the Business Cycle: Insights from College Major Choice," IZA Discussion Papers 9167, IZA Network @ LISER.
    9. Jim Malley & Ulrich Woitek, 2019. "Estimated Human Capital Externalities in an Endogenous Growth Framework," Working Papers 2019_04, Business School - Economics, University of Glasgow.
    10. Rosen, Harvey S. & Sappington, Alexander J.W., 2016. "To borrow or not to borrow? An analysis of university leverage decisions," Research in Economics, Elsevier, vol. 70(1), pages 170-185.
    11. Drew M. Anderson, 2019. "What Constitutes Prudent Spending from Private College Endowments? Evidence from Underwater Funds," Education Finance and Policy, MIT Press, vol. 14(1), pages 88-114, Winter.
    12. Phillip B. Levine & Jennifer Ma & Lauren C. Russell, 2020. "Do College Applicants Respond to Changes in Sticker Prices Even When They Don't Matter?," NBER Working Papers 26910, National Bureau of Economic Research, Inc.
    13. Tamás Hajdu & Gábor Kertesi & Gábor Kézdi, 2019. "Parental Job Loss, Secondary School Completion and Home Environment," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(3), pages 393-423, September.
    14. Jeffrey T. Denning & Benjamin M. Marx & Lesley J. Turner, 2017. "ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare," Upjohn Working Papers 17-280, W.E. Upjohn Institute for Employment Research.

  3. Jeffrey R. Brown, 2015. "Tax Policy and the Economy, Volume 29," NBER Books, National Bureau of Economic Research, Inc, number brow14-1, December.

    Cited by:

    1. Louis Kaplow, 2016. "A Distribution-Neutral Perspective on Tax Expenditure Limitations," NBER Chapters, in: Tax Policy and the Economy, Volume 31, pages 161-188, National Bureau of Economic Research, Inc.
    2. Serakos Maria & Wolfe Barbara, 2016. "The ACA: Impacts on Health, Access, and Employment," Forum for Health Economics & Policy, De Gruyter, vol. 19(2), pages 201-259, December.

  4. Jeffrey R. Brown, 2014. "Tax Policy and the Economy, Volume 28," NBER Books, National Bureau of Economic Research, Inc, number brow13-1, December.

    Cited by:

    1. Wenli Li & Edison Yu, 2020. "Real Estate Taxes and Home Value: Winners and Losers of TCJA," Working Papers 20-12, Federal Reserve Bank of Philadelphia.
    2. Wenli Li & Edison Yu, 2022. "Real Estate Taxes and Home Value: Evidence from TCJA," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 125-151, January.
    3. Donald Bruce & Lawrence M. Kessler, 2022. "A SALT on Real Estate? Housing Market and Migration Responses to the Limit on the State and Local Tax Deduction," Working Papers 2022-01, University of Tennessee, Department of Economics.

  5. Jeffrey R. Brown & Caroline M. Hoxby, 2014. "How the Financial Crisis and Great Recession Affected Higher Education," NBER Books, National Bureau of Economic Research, Inc, number brow12-2, December.

    Cited by:

    1. Miller, Lois & Park, Minseon, 2022. "Making college affordable? The impacts of tuition freezes and caps," Economics of Education Review, Elsevier, vol. 89(C).
    2. Ann M. Gansemer-Topf & Jillian Downey & Katherine Thompson & Ulrike Genschel, 2018. "Did the Recession Impact Student Success? Relationships of Finances, Staffing and Institutional Type on Retention," Research in Higher Education, Springer;Association for Institutional Research, vol. 59(2), pages 174-197, March.
    3. Christopher Avery & Ronald Ehrenberg & Catharine Hill & Douglas A. Webber, 2024. "Endowment Spending Rules," NBER Chapters, in: Financing Institutions of Higher Education, pages 163-195, National Bureau of Economic Research, Inc.
    4. Anderson, Drew M., 2020. "When financial aid is scarce: The challenge of allocating college aid where it is needed most," Journal of Public Economics, Elsevier, vol. 190(C).
    5. Michael Kaganovich & Xuejuan Su, 2019. "College curriculum, diverging selectivity, and enrollment expansion," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(4), pages 1019-1050, June.
    6. John Bound & Breno Braga & Gaurav Khanna & Sarah Turner, 2019. "Public Universities: The Supply Side of Building a Skilled Workforce," NBER Working Papers 25945, National Bureau of Economic Research, Inc.
    7. Jacob W. Faber & Peter M. Rich, 2018. "Financially Overextended: College Attendance as a Contributor to Foreclosures During the Great Recession," Demography, Springer;Population Association of America (PAA), vol. 55(5), pages 1727-1748, October.
    8. Karly S. Ford & Kelly Ochs Rosinger & Qiong Zhu, 2021. "Consolidation of Class Advantages in the Wake of the Great Recession: University Enrollments, Educational Opportunity and Stratification," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(7), pages 915-941, November.
    9. Narayan, Ayushi, 2020. "Does simplifying the college financial aid process matter?," Economics of Education Review, Elsevier, vol. 75(C).
    10. Yan Lau & Harvey S. Rosen, 2015. "Are Universities Becoming More Unequal?," NBER Working Papers 21432, National Bureau of Economic Research, Inc.
    11. Bonacini, Luca, 2020. "Unequal effects of the economic cycle on human capital investment. Evidence from Italian panel data," GLO Discussion Paper Series 733, Global Labor Organization (GLO).
    12. Fabian T. Pfeffer, 2018. "Growing Wealth Gaps in Education," Demography, Springer;Population Association of America (PAA), vol. 55(3), pages 1033-1068, June.
    13. Yanli Liu & Kun Li & Yanchi Zou, 2026. "Signaling or Skill Building? Estimating the Returns to China’s Double First-Class Initiative," Working Papers 2026-01, Towson University, Department of Economics, revised Mar 2026.
    14. Nilton Porto & Soo Hyun Cho & Michael Gutter, 2021. "Student Loan Decision Making: Experience as an Anchor," Journal of Family and Economic Issues, Springer, vol. 42(4), pages 773-784, December.
    15. Joselynn Hawkins Fountain, 2019. "The Effect of the Gainful Employment Regulatory Uncertainty on Student Enrollment at For-Profit Institutions of Higher Education," Research in Higher Education, Springer;Association for Institutional Research, vol. 60(8), pages 1065-1089, December.
    16. Murat Demirci & Meltem Poyraz, 2021. "Post-Compulsory Schooling of Youth in Turkey during the Great Recession: A Case of Pro-cyclical Enrollment," Koç University-TUSIAD Economic Research Forum Working Papers 2117, Koc University-TUSIAD Economic Research Forum.
    17. Emanuela Ghignoni, 2015. "Family background and university dropouts during the crisis: the case of Italy," Working Papers in Public Economics 169, Department of Economics and Law, Sapienza University of Rome.
    18. Valentina Duque & Natasha V Pilkauskas & Irwin Garfinkel, 2018. "Assets among low-income families in the Great Recession," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-21, February.
    19. Heta Pöyliö, 2020. "Something Good Out of the Bad Times? The Impacts of Reduced Opportunity Costs on the Intergenerational Inequalities in College Enrollment," Sociological Research Online, , vol. 25(1), pages 23-45, March.
    20. Jiang, Dezhi, 2021. "Whose Investments in Higher Education Have Been Most Influenced by Labor Market Conditions in Recent Decades?," SocArXiv 83upm, Center for Open Science.
    21. Yan Lau & Harvey S. Rosen, 2015. "Are Universities Becoming More Unequal?," Working Papers 245, Princeton University, Department of Economics, Center for Economic Policy Studies..
    22. Peter Hinrichs, 2022. "State Appropriations and Employment at Higher Education Institutions," Working Papers 22-32, Federal Reserve Bank of Cleveland.

  6. Jeffrey R. Brown, 2013. "Tax Policy and the Economy, Volume 27," NBER Books, National Bureau of Economic Research, Inc, number brow12-1, December.

    Cited by:

    1. Luigi Mittone & Matteo Tomaselli, 2019. "Economic Growth and Public Debt: An Experimental Approach in Search of a Confidence Channel," DEM Working Papers 2019/18, Department of Economics and Management.
    2. Sebastian Gechert & Ansgar Rannenberg, 2014. "Are Fiscal Multipliers Regime-Dependent? A Meta Regression Analysis," IMK Working Paper 139-2014, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Tobignaré Yabré & Gervasio Semedo, 2021. "Political stability and fiscal consolidation in sub‐Saharan African countries," The World Economy, Wiley Blackwell, vol. 44(4), pages 1077-1109, April.
    4. Martin Geiger & Wolfgang Luhan & Johann Scharler, 2015. "When do Fiscal Consolidations Lead to Consumption Booms? Lessons from a Laboratory Experiment," Working Papers 2015-06, Faculty of Economics and Statistics, Universität Innsbruck.

  7. Jeffrey Brown, 2012. "Tax Policy and the Economy, Volume 26," NBER Books, National Bureau of Economic Research, Inc, number brow11-2, December.

    Cited by:

    1. Sagiri Kitao, 2018. "Policy Uncertainty and Cost of Delaying Reform: The Case of Aging Japan," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 27, pages 81-100, January.
    2. Dolls, Mathias & Peichl, Andreas & Zimmermann, Klaus F., 2011. "Eine Herausforderung für die G20: Global vereinbarte Schuldenbremsen und transnationale fiskalpolitische Aufsichtsgremien," IZA Standpunkte 45, Institute of Labor Economics (IZA).
    3. Peter A. Diamond & Emmanuel Saez, 2011. "The Case for a Progressive Tax: From Basic Research to Policy Recommendations," CESifo Working Paper Series 3548, CESifo.
    4. Jeffrey R. Brown, 2007. "Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning," NBER Working Papers 13537, National Bureau of Economic Research, Inc.
    5. Òscar Jordà & Alan M. Taylor, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," Working Paper Series 2013-25, Federal Reserve Bank of San Francisco.

  8. Jeffrey R. Brown & Robert L. Clark, 2011. "The Economics of State and Local Pensions," NBER Books, National Bureau of Economic Research, Inc, number brow11-1, December.
    See citations under working paper version above.
  9. Jeffrey R. Brown, 2010. "Public Insurance and Private Markets," Books, American Enterprise Institute, number 50313, September.

    Cited by:

    1. George Pennacchi & João A. C. Santos, 2018. "Why do banks target ROE?," Staff Reports 855, Federal Reserve Bank of New York.
    2. Lee, Shih-Cheng & Lin, Chien-Ting & Tsai, Ming-Shann, 2015. "The pricing of deposit insurance in the presence of systematic risk," Journal of Banking & Finance, Elsevier, vol. 51(C), pages 1-11.
    3. Chuang‐Chang Chang & San‐Lin Chung & Ruey‐Jenn Ho & Yu‐Jen Hsiao, 2022. "Revisiting the valuation of deposit insurance," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 42(1), pages 77-103, January.

  10. Jeffrey R. Brown, 2010. "Tax Policy and the Economy, Volume 24," NBER Books, National Bureau of Economic Research, Inc, number brow09-1, December.

    Cited by:

    1. Tiehen, Laura & Jolliffe, Dean & Gundersen, Craig, 2012. "How State Policies Influence the Efficacy of the Supplemental Nutrition Assistance Program in Reducing Poverty," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124937, Agricultural and Applied Economics Association.
    2. Francesco Carlucci, 2011. "Un'analisi quantitativa delle politiche di rientro dal disavanzo pubblico in Italia," Moneta e Credito, Economia civile, vol. 64(254), pages 135-175.
    3. Luca Agnello & Ricardo M. Sousa, 2012. "Fiscall Adjustments and Income Inequality:A First Assessment," NIPE Working Papers 19/2012, NIPE - Universidade do Minho.
    4. Albrecht Ritschl, 2012. "Reparations, Deficits, and Debt Default: the Great Depression in Germany," CEP Discussion Papers dp1149, Centre for Economic Performance, LSE.
    5. Luca Agnello & Ricardo M. Sousa, 2011. "Fiscal Consolidation and Income Inequality," NIPE Working Papers 34/2011, NIPE - Universidade do Minho.
    6. Carlo Favero & Francesco Giavazzi & Jacopo Perego, 2011. "Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy," NBER Working Papers 17272, National Bureau of Economic Research, Inc.
    7. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment," Working Papers hal-02153840, HAL.
    8. Lawrence M. Berger & Sarah A. Font & Kristen S. Slack & Jane Waldfogel, 2017. "Income and child maltreatment in unmarried families: evidence from the earned income tax credit," Review of Economics of the Household, Springer, vol. 15(4), pages 1345-1372, December.
    9. Javier Andrés & José Boscá & Francisco Ferri, 2012. "Household leverage and fiscal multipliers," Working Papers 1215, Banco de España.
    10. Joseph E. Aldy & Todd D. Gerarden & Richard L. Sweeney, 2018. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy," NBER Working Papers 24378, National Bureau of Economic Research, Inc.
    11. Emiliano Brancaccio & Fabiana De Cristofaro, 2020. "Inside the IMF Òmea culpaÓ: A panel analysis on growth forecast errors and Keynesian multipliers in Europe," PSL Quarterly Review, Economia civile, vol. 73(294), pages 225-239.
    12. Martin Geiger & Wolfgang Luhan & Johann Scharler, 2015. "When do Fiscal Consolidations Lead to Consumption Booms? Lessons from a Laboratory Experiment," Working Papers 2015-06, Faculty of Economics and Statistics, Universität Innsbruck.
    13. Schwarzmüller, Tim & Wolters, Maik H., 2015. "The Macroeconomic Effects of Fiscal Consolidation in Dynamic General Equilibrium," Dynare Working Papers 43, CEPREMAP.
    14. Corsetti, Giancarlo & Müller, Gernot & Kuester, Keith & Meier, André, 2012. "Sovereign Risk, Fiscal Policy, and Macroeconomic Stability," CEPR Discussion Papers 8779, Centre for Economic Policy Research.
    15. Maxime MENUET & Alexandru MINEA & Patrick VILLIEU, 2017. "Public Debt, Endogenous Growth Cycles and Indeterminacy," LEO Working Papers / DR LEO 2467, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.

  11. Jeffrey R. Brown & Jeffrey B. Liebman & David A. Wise, 2009. "Social Security Policy in a Changing Environment," NBER Books, National Bureau of Economic Research, Inc, number brow08-1, December.

    Cited by:

    1. Cutler, David M. & Lange, Fabian & Meara, Ellen & Richards-Shubik, Seth & Ruhm, Christopher J., 2011. "Rising educational gradients in mortality: The role of behavioral risk factors," Journal of Health Economics, Elsevier, vol. 30(6), pages 1174-1187.
    2. John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," NBER Working Papers 16728, National Bureau of Economic Research, Inc.
    3. Annamaria Lusardi & Pierre-Carl Michaud & Olivia Mitchell, 2011. "Optimal Financial Literacy and Saving for Retirement," Working Papers WR-905-SSA, RAND Corporation.
    4. Vicki L. Bogan & Angela R. Fertig, 2018. "Mental health and retirement savings: Confounding issues with compounding interest," Health Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 404-425, February.
    5. Börsch-Supan Axel & Ludwig Alexander, 2009. "Living Standards in an Aging Germany: The Benefits of Reforms and the Costs of Resistance," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 229(2-3), pages 163-179, April.
    6. Alan J. Auerbach & Ronald Lee, 2009. "Welfare and Generational Equity in Sustainable Unfunded Pension Systems," NBER Working Papers 14682, National Bureau of Economic Research, Inc.
    7. Alexander Ludwig & Thomas Schelkle & Edgar Vogel, 2012. "Demographic Change, Human Capital and Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 94-107, January.
    8. Julia Le Blanc & Almuth Scholl, 2015. "Optimal Savings for Retirement: The Role of Individual Accounts," Working Paper Series of the Department of Economics, University of Konstanz 2015-10, Department of Economics, University of Konstanz.
    9. Hazel Bateman & Christine Eckert & John Geweke & Jordan Louviere & Stephen Satchell & Susan Thorp, 2011. "Financial Competence, Risk Presentation and Retirement Portfolio Preferences," Working Papers 201120, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    10. Roberta Melis & Alessandro Trudda, 2012. "Financial and demographic risks in PAYG pension funds," Economics Bulletin, AccessEcon, vol. 32(2), pages 1320-1329.
    11. Brown, Jeffrey R. & Farrell, Anne M. & Weisbenner, Scott J., 2016. "Decision-making approaches and the propensity to default: Evidence and implications," Journal of Financial Economics, Elsevier, vol. 121(3), pages 477-495.
    12. Eric French & John Jones, 2012. "Public pensions and labor supply over the life cycle," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(2), pages 268-287, April.
    13. Richard Woodbury, 2010. "Population aging and state pensions in New England," New England Public Policy Center Research Report 10-1, Federal Reserve Bank of Boston.

  12. Brown, Jeffrey R. & Liebman, Jeffrey B. & Wise, David A. (ed.), 2009. "Social Security Policy in a Changing Environment," National Bureau of Economic Research Books, University of Chicago Press, number 9780226076485, December.

    Cited by:

    1. John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," NBER Working Papers 16728, National Bureau of Economic Research, Inc.
    2. Vicki L. Bogan & Angela R. Fertig, 2018. "Mental health and retirement savings: Confounding issues with compounding interest," Health Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 404-425, February.
    3. Julia Le Blanc & Almuth Scholl, 2015. "Optimal Savings for Retirement: The Role of Individual Accounts," Working Paper Series of the Department of Economics, University of Konstanz 2015-10, Department of Economics, University of Konstanz.
    4. Brown, Jeffrey R. & Farrell, Anne M. & Weisbenner, Scott J., 2016. "Decision-making approaches and the propensity to default: Evidence and implications," Journal of Financial Economics, Elsevier, vol. 121(3), pages 477-495.
    5. Eric French & John Jones, 2012. "Public pensions and labor supply over the life cycle," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(2), pages 268-287, April.
    6. Richard Woodbury, 2010. "Population aging and state pensions in New England," New England Public Policy Center Research Report 10-1, Federal Reserve Bank of Boston.

  13. Jeffrey R. Brown & James M. Poterba, 2009. "Tax Policy and the Economy, Volume 23," NBER Books, National Bureau of Economic Research, Inc, number pote08-3, December.

    Cited by:

    1. Fatih Guvenen & Greg Kaplan & Jae Song & Justin Weidner, 2017. "Lifetime Incomes in the United States over Six Decades," NBER Working Papers 23371, National Bureau of Economic Research, Inc.
    2. Alberto Alesina & Carlo Ambrogio Favero & Francesco Giavazzi, 2012. "The output effect of fiscal consolidations," Working Papers 450, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    3. Dwenger, Nadja & Steiner, Viktor, 2012. "Profit Taxation and the Elasticity of the Corporate Income Tax Base: Evidence From German Corporate Tax Return Data," National Tax Journal, National Tax Association;National Tax Journal, vol. 65(1), pages 118-150, March.

  14. Brown, Jeffrey R. & Mitchell, Olivia S. & Poterba, James M. & Warshawsky, Mark J., 2001. "The Role of Annuity Markets in Financing Retirement," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262025094, December.

    Cited by:

    1. Maurer, Raimond & Mitchell, Olivia S. & Rogalla, Ralph & Siegelin, Ivonne, 2016. "Accounting and actuarial smoothing of retirement payouts in participating life annuities," Insurance: Mathematics and Economics, Elsevier, vol. 71(C), pages 268-283.
    2. Vanya Horneff & Raimond Maurer & Olivia S. Mitchell & Ralph Rogalla, 2013. "Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection," NBER Working Papers 19206, National Bureau of Economic Research, Inc.
    3. Wolfram J. Horneff & Raimond H. Maurer & Olivia S. Mitchel & Michael Z. Stamos, 2008. "Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts," Working Papers wp177, University of Michigan, Michigan Retirement Research Center.
    4. Olivia S. Mitchell & David McCarthy, 2002. "Annuities for an Ageing World," NBER Working Papers 9092, National Bureau of Economic Research, Inc.
    5. Adam Creighton & Henry Hongbo Jin & John Piggott & Emiliano A. Valdez, 2005. "Longevity Insurance: A Missing Market," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 50(spec0), pages 417-435.
    6. Robert Holzmann, 2014. "Old-Age Financial Protection in Malaysia : Challenges and Pptions," World Bank Publications - Reports 21038, The World Bank Group.
    7. Chilosi, David & Schulze, Max-Stephan & Volckart, Oliver, 2018. "Benefits of empire? Capital market integration north and south of the Alps, 1350-1800," LSE Research Online Documents on Economics 86561, London School of Economics and Political Science, LSE Library.
    8. Amlan Roy, 2012. "Innovative Approaches to Managing Longevity Risk in Asia: Lessons from the West," ADBI Working Papers 353, Asian Development Bank Institute.
    9. Rocha, Roberto & Rudolph, Heinz P., 2010. "A summary and update of developing annuities markets : the experience of Chile," Policy Research Working Paper Series 5325, The World Bank.
    10. D'Amico, Guglielmo & Singh, Shakti & Selvamuthu, Dharmaraja, 2024. "Optimal investment-disinvestment choices in health-dependent variable annuity," Insurance: Mathematics and Economics, Elsevier, vol. 117(C), pages 1-15.
    11. Rocha, Roberto & Morales, Marco & Thorburn, Craig, 2006. "An empirical analysis of the annuity rate in Chile," Policy Research Working Paper Series 3929, The World Bank.
    12. Giuseppe Cappelletti & Giovanni Guazzarotti & Pietro Tommasino, 2011. "What determines annuity demand at retirement?," Temi di discussione (Economic working papers) 805, Bank of Italy, Economic Research and International Relations Area.
    13. Mitchell, Olivia S. & Piggott, John, 2004. "Unlocking housing equity in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(4), pages 466-505, December.
    14. Sanders, E.A.T. & De Waegenaere, A.M.B. & Nijman, T.E., 2010. "When Can Insurers Offer Products That Dominate Delayed Old-Age Pension Benefit Claiming?," Discussion Paper 2010-43, Tilburg University, Center for Economic Research.
    15. Jeffrey Brown & Scott Weisbenner, 2004. "Intergenerational Transfers and Savings Behavior," NBER Chapters, in: Perspectives on the Economics of Aging, pages 181-204, National Bureau of Economic Research, Inc.
    16. Huaxiong Huang & Moshe A. Milevsky & Thomas S. Salisbury, 2012. "Valuation and hedging of the ruin-contingent life annuity (RCLA)," Papers 1205.3686, arXiv.org.
    17. Eytan Sheshinski, 2010. "Refundable Annuities (Annuity Options)," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(1), pages 7-21, February.
    18. Bütler, Monika & Peijnenburg, Kim & Staubli, Stefan, 2011. "How Much Do Means-Tested Benefits Reduce the Demand for Annuities?," Economics Working Paper Series 1124, University of St. Gallen, School of Economics and Political Science.
    19. Jing Li & Kathleen McGarry & Lauren Hersch Nicholas & Jonathan Skinner, 2026. "Dementia and Long-run Trajectories in Household Finances," NBER Working Papers 34659, National Bureau of Economic Research, Inc.
    20. Bowden, Roger, 2004. "Derivatives, Debt and Defined Benefits in National Retirement Policy," Working Paper Series 33504, Victoria University of Wellington, School of Economics and Finance.
    21. Thorburn, Craig & Rocha, Roberto & Morales, Marco, 2006. "An analysis of money's worth ratios in Chile," Policy Research Working Paper Series 3926, The World Bank.
    22. Wolfram Horneff & Raimond Maurer & Michael Stamos, 2006. "Life-Cycle Asset Allocation with Annuity Markets: Is Longevity Insurance a Good Deal?," Working Papers wp146, University of Michigan, Michigan Retirement Research Center.
    23. Gaurab Aryal & Eduardo Fajnzylber & Maria F. Gabrielli & Manuel Willington, 2020. "Auctioning Annuities," Papers 2011.02899, arXiv.org, revised Jun 2021.
      • Gaurab Aryal & Eduardo Fajnzylber & Maria F. Gabrielli & Manuel Willington, 2020. "Auctioning Annuities," Working Papers 29, Red Nacional de Investigadores en Economía (RedNIE).
    24. Olivia S. Mitchell & John Piggott & Satoshi Shimizutani, 2004. "Aged-Care Support in Japan: Perspectives and Challenges," NBER Working Papers 10882, National Bureau of Economic Research, Inc.
    25. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    26. Marco Morales & Guillermo Larraín, 2017. "The Chilean Electronic Market for Annuities (SCOMP): Reducing Information Asymmetries and Improving Competition," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(3), pages 389-405, July.
    27. Cannon, Edmund & Tonks, Ian, 2003. "UK annuity rates and pension replacement ratios 1957-2002," LSE Research Online Documents on Economics 24832, London School of Economics and Political Science, LSE Library.
    28. Cassio M. Turra & Olivia S. Mitchell, 2004. "The Impact of Health Status and Out-of-Pocket Medical Expenditures on Annuity Valuation," Working Papers wp086, University of Michigan, Michigan Retirement Research Center.
    29. Impavido, Gregorio & Thorburn, Craig & Wadsworth, Mike, 2004. "A conceptual framework for retirement products : Risk sharing arrangements between providers and retirees," Policy Research Working Paper Series 3208, The World Bank.
    30. Ivica Dus & Raimond Maurer & Olivia S. Mitchell, 2003. "Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans," Working Papers wp063, University of Michigan, Michigan Retirement Research Center.
    31. Horneff, Vanya & Maurer, Raimond & Mitchell, Olivia S., 2016. "Putting the pension back in 401(k) plans: Optimal versus default longevity income annuities," SAFE Working Paper Series 150, Leibniz Institute for Financial Research SAFE.
    32. William Price, 2019. "Developing Coherent Pension Systems," World Bank Publications - Reports 31644, The World Bank Group.
    33. Olivia S. Mitchell, 2018. "Enhancing risk management for an aging world," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(2), pages 115-136, September.
    34. Vasily Kartashov & Raimond Maurer & Olivia S. Mitchell & Ralph Rogalla, 2011. "Lifecycle Portfolio Choice with Systematic Longevity Risk and Variable Investment-Linked Deferred Annuities," NBER Working Papers 17505, National Bureau of Economic Research, Inc.
    35. S. Kirusheva & H. Huang & T. S. Salisbury, 2022. "Retirement spending problem under Habit Formation Model," Papers 2210.06255, arXiv.org.
    36. Stamos, Michael Z., 2008. "Optimal consumption and portfolio choice for pooled annuity funds," Insurance: Mathematics and Economics, Elsevier, vol. 43(1), pages 56-68, August.
    37. Robert L. Clark & Olivia S. Mitchell, 2002. "Strengthening Employment-Based Pensions in Japan," NBER Working Papers 8891, National Bureau of Economic Research, Inc.
    38. Alicia H. Munnell & Gal Wettstein & Wenliang Hou, 2022. "How best to annuitize defined contribution assets?," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 211-235, March.
    39. Yijia Lin & Samuel H. Cox, 2005. "Securitization of Mortality Risks in Life Annuities," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(2), pages 227-252, June.
    40. Butler, Monika & Ruesch, Martin, 2007. "Annuities in Switzerland," Policy Research Working Paper Series 4438, The World Bank.
    41. Eytan Sheshinski, 2006. "Differentiated Annuities in a Pooling Equilibrium," Levine's Bibliography 321307000000000474, UCLA Department of Economics.
    42. Alberto Arenas de Mesa & David Bravo & Jere R. Behrman & Olivia S. Mitchell & Petra E. Todd, 2006. "The Chilean Pension Reform Turns 25: Lessons From the Social Protection Survey," NBER Working Papers 12401, National Bureau of Economic Research, Inc.
    43. John Piggott & Emiliano A. Valdez & Bettina Detzel, 2005. "The Simple Analytics of a Pooled Annuity Fund," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(3), pages 497-520, September.
    44. Amy Finkelstein & James Poterba, 2004. "Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market," Journal of Political Economy, University of Chicago Press, vol. 112(1), pages 183-208, February.
    45. Moshe A. Milevsky, 2018. "Swimming with Wealthy Sharks: Longevity, Volatility and the Value of Risk Pooling," Papers 1811.11326, arXiv.org.
    46. Edmund Cannon & Ian Tonks, 2002. "Annuity Prices, Money's Worth and Replacement Ratios: UK experience 1972 - 2002," The Centre for Market and Public Organisation 02/051, The Centre for Market and Public Organisation, University of Bristol, UK.
    47. Jeffrey R. Brown, 2002. "Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity," NBER Working Papers 9256, National Bureau of Economic Research, Inc.
    48. Jeffrey Brown & James Poterba, 2006. "Household Ownership of Variable Annuities," NBER Working Papers 11964, National Bureau of Economic Research, Inc.
    49. Heidler, Matthias & Raffelhüschen, Bernd & Leifels, Arne, 2006. "Heterogenous life expectancy, adverse selection, and retirement behaviour," FZG Discussion Papers 13, University of Freiburg, Research Center for Generational Contracts (FZG).
    50. Atta Mills, Ebenezer Fiifi Emire & Anyomi, Siegfried Kafui, 2023. "Optimal lifetime income annuity without bequest: Single and annual premiums," Finance Research Letters, Elsevier, vol. 53(C).
    51. Amy Finkelstein & James Poterba, 2006. "Testing for Asymmetric Information Using 'Unused Observables' in Insurance Markets: Evidence from the U.K. Annuity Market," NBER Working Papers 12112, National Bureau of Economic Research, Inc.
    52. Alejandra Cox-Edwards & Estelle James, 2006. "Crowd-out, Adverse Selection and Information in Annuity Markets: Evidence from a New Retrospective Data Set in Chile," Working Papers wp147, University of Michigan, Michigan Retirement Research Center.
    53. Evans, Richard & Fahlenbrach, Rudiger, 2007. "Do Funds Need Governance? Evidence from Variable Annuity-Mutual Fund Twins," Working Paper Series 2007-17, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    54. Horneff, Wolfram J. & Maurer, Raimond H. & Stamos, Michael Z., 2008. "Life-cycle asset allocation with annuity markets," Journal of Economic Dynamics and Control, Elsevier, vol. 32(11), pages 3590-3612, November.
    55. John F. Cogan & Olivia S. Mitchell, 2003. "Perspectives from the President's Commission on Social Security Reform," Journal of Economic Perspectives, American Economic Association, vol. 17(2), pages 149-172, Spring.
    56. Jennifer L. Wang & H.C. Huang & Sharon S. Yang & Jeffrey T. Tsai, 2010. "An Optimal Product Mix for Hedging Longevity Risk in Life Insurance Companies: The Immunization Theory Approach," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(2), pages 473-497, June.
    57. Ivica Dus & Raimond Maurer & Olivia S. Mitchell, 2005. "Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities," NBER Working Papers 11271, National Bureau of Economic Research, Inc.
    58. Gabrielli Maria Florencia & Aryal Gaurab & Fajnzilber Eduardo & Willington Manuel, 2025. "Auctioning Annuities with Two Sided Private Information," Asociación Argentina de Economía Política: Working Papers 4804, Asociación Argentina de Economía Política.
    59. Moshe A. Milevsky & Thomas S. Salisbury, 2021. "Refundable income annuities: Feasibility of money-back guarantees," Papers 2111.01239, arXiv.org.
    60. Liran Einav & Amy Finkelstein & Paul Schrimpf, 2007. "The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market," NBER Working Papers 13228, National Bureau of Economic Research, Inc.
    61. Hugo Benítez-Silva, 2003. "The Annuity Puzzle Revisited," Working Papers wp055, University of Michigan, Michigan Retirement Research Center.
    62. Wolfram J. Horneff & Raimond H. Maurer & Olivia S. Mitchell & Michael Z. Stamos, 2008. "Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts," NBER Working Papers 14055, National Bureau of Economic Research, Inc.
    63. Olivia S. Mitchell & John Piggott & Michael Sherris & Shaun Yow, 2006. "Financial Innovation for an Aging World," NBER Working Papers 12444, National Bureau of Economic Research, Inc.

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