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Accounting for non-annuitization

  • Svetlana Pashchenko

    (University of Virginia)

annuitization, especially for people in lower income quintiles, who are well insured by this provision. The minimum annuity purchase requirement involves big upfront investment and is binding for many, especially if housing wealth cannot be easily annuitized. Among the traditional explanations, preannuitized wealth has the largest quantitative contribution to the annuity puzzle.

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Paper provided by Society for Economic Dynamics in its series 2010 Meeting Papers with number 563.

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Date of creation: 2010
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Handle: RePEc:red:sed010:563
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