How Do Retirees Value Life Annuities? Evidence from Public Employees
Citations
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Cited by:
- 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.
- Hagen, Johannes, 2014. "The determinants of annuitization: evidence from Sweden," Working Paper Series, Center for Fiscal Studies 2014:13, Uppsala University, Department of Economics.
- 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.
- James M. Poterba & Steven F. Venti & David A. Wise, 2011. "The Composition and Draw-down of Wealth in Retirement," NBER Working Papers 17536, National Bureau of Economic Research, Inc.
- 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.
- 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.
- John Beshears & James Choi & David Laibson & Brigitte C. Madrian & Stephen P. Zeldes, 2012. "What Makes Annuitization More Appealing?," NBER Chapters, in: Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century, National Bureau of Economic Research, Inc.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian & Stephen P. Zeldes, 2012. "What Makes Annuitization More Appealing?," NBER Working Papers 18575, National Bureau of Economic Research, Inc.
- Beshears, John Leonard & Choi, James J. & Laibson, David I. & Madrian, Brigitte & Zeldes, Stephen P., 2014. "What Makes Annuitization More Appealing?," Scholarly Articles 13382511, Harvard University Department of Economics.
- Shlomo Benartzi & Alessandro Previtero & Richard H. Thaler, 2011. "Annuitization Puzzles," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 143-164, Fall.
- Clark, Robert L. & Morrill, Melinda Sandler & Vanderweide, David, 2014.
"Defined benefit pension plan distribution decisions by public sector employees,"
Journal of Public Economics, Elsevier, vol. 116(C), pages 73-88.
- Robert L. Clark & Melinda Sandler Morrill & David Vanderweide, 2012. "Defined Benefit Pension Plan Distribution Decisions by Public Sector Employees," NBER Chapters, in: Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century, National Bureau of Economic Research, Inc.
- 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.
- Johannes Hagen & Daniel Hallberg & Gabriella Sjögren, 2022.
"A Nudge to Quit? The Effect of a Change in Pension Information on Annuitisation, Labour Supply and Retirement Choices Among Older Workers,"
The Economic Journal, Royal Economic Society, vol. 132(643), pages 1060-1094.
- Hagen, Johannes & Hallberg, Daniel & Sjögren Lindquist, Gabriella, 2018. "A nudge to quit? The effect of a change in pension information on annuitization, labor supply and retirement choices among older workers," GLO Discussion Paper Series 209, Global Labor Organization (GLO).
- 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).
- Martin F. Lueken & Michael Podgursky, 2016. "Determinants of Cashing Out: A Behavioral Analysis of Refund Claimants and Annuitants in the Illinois Teachers Retirement System," Working Papers 1605, Department of Economics, University of Missouri.
- Gneezy, Uri & Saccardo, Silvia & Serra-Garcia, Marta & van Veldhuizen, Roel, 2020.
"Bribing the Self,"
Games and Economic Behavior, Elsevier, vol. 120(C), pages 311-324.
- Gneezy, Uri & Saccardo, Silvia & Serra-Garcia, Marta & van Veldhuizen, Roel, 2020. "Bribing the Self," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 120, pages 311-324.
- Uri Gneezy & Silvia Saccardo & Marta Serra-Garcia & Roel van Veldhuizen, 2020. "Bribing the Self," CESifo Working Paper Series 8065, CESifo.
- 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.
- Chalmers, John & Reuter, Jonathan, 2020.
"Is conflicted investment advice better than no advice?,"
Journal of Financial Economics, Elsevier, vol. 138(2), pages 366-387.
- John Chalmers & Jonathan Reuter, 2012. "Is Conflicted Investment Advice Better than No Advice?," NBER Working Papers 18158, National Bureau of Economic Research, Inc.
- 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.
- Alexis Direr & Rim Ennajar-Sayadi, 2019. "How price-elastic is the demand for retirement saving?," PSE-Ecole d'économie de Paris (Postprint) halshs-02492600, HAL.
- Alexis Direr & Rim Ennajar-Sayadi, 2019. "How price-elastic is the demand for retirement saving?," Post-Print halshs-02492600, HAL.
- Bütler, Monika & Ramsden, Alma, 2017. "How taxes impact the choice between an annuity and the lump sum at retirement," Economics Working Paper Series 1701, University of St. Gallen, School of Economics and Political Science.
- 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.
- Previtero, Alessandro, 2014. "Stock market returns and annuitization," Journal of Financial Economics, Elsevier, vol. 113(2), pages 202-214.
- Reiter-Gavish, Liron & Qadan, Mahmoud & Yagil, Joseph, 2021. "Financial advice: Who Exactly Follows It?," Research in Economics, Elsevier, vol. 75(3), pages 244-258.
- Evgenia Prokopjeva, 2015. "Life Insurance In Russia: Features Of Regional Development," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 223-233.
- Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C., 2011.
"Behavioral economics perspectives on public sector pension plans,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 315-336, April.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2010. "Behavioral Economics Perspectives on Public Sector Pension Plans," NBER Chapters, in: The Economics of State and Local Pensions, pages 315-336, National Bureau of Economic Research, Inc.
- Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C., 2011. "Behavioral Economics Perspectives on Public Sector Pension Plans," Working Paper Series 11-013, Harvard University, John F. Kennedy School of Government.
- 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.
- 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.
- Beshears, John Leonard & Choi, James J. & Laibson, David I. & Madrian, Brigitte, 2011. "Behavioral Economics Perspective on Public Sector Pension Plans," Scholarly Articles 9647369, Harvard Kennedy School of Government.
- 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.
- Vanya Horneff & Raimond Maurer & Olivia S. Mitchell & Ralph Rogalla, 2013. "Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection," Working Papers wp286, University of Michigan, Michigan Retirement Research Center.
- 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.
- Pamela Searle & Peter Ayton & Iain Clacher, 2024. "Annuity selection in the presence of insurer default risk and government guarantees," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 91(1), pages 161-192, March.
- Andreas Fuster & David Laibson & Brock Mendel, 2010.
"Natural Expectations and Macroeconomic Fluctuations,"
Journal of Economic Perspectives, American Economic Association, vol. 24(4), pages 67-84, Fall.
- Laibson, David I. & Fuster, Andreas & Mendel, Brock, 2010. "Natural Expectations and Macroeconomic Fluctuations," Scholarly Articles 9938147, Harvard University Department of Economics.
- repec:oup:jeurec:v:15:y:2017:i:2:p:429-462. is not listed on IDEAS
- 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.
- Charles Sutcliffe, 2013. "Trading Death: The Implications of Annuity Replication for the Annuity Puzzle, Arbitrage, Speculation and Portfolios," ICMA Centre Discussion Papers in Finance icma-dp2013-06, Henley Business School, University of Reading.
- 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.
- 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.
- Raimond Maurer & Olivia S. Mitchell & Ralph Rogalla & Tatjana Schimetschek, 2017. "Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence," NBER Working Papers 23073, National Bureau of Economic Research, Inc.
- Maurer, Raimond & Mitchell, Olivia S. & Rogalla, Ralph & Schimetschek, Tatjana, 2017. "Optimal social security claiming behavior under lump sum incentives: Theory and evidence," SAFE Working Paper Series 164, Leibniz Institute for Financial Research SAFE, revised 2017.
- Maurer, Raimond & Mitchell, Olivia S. & Rogalla, Ralph & Schimetschek, Tatjana, 2019. "Optimal social security claiming behavior under lump sum incentives: Theory and evidence," CFS Working Paper Series 629, Center for Financial Studies (CFS).
- 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.
- John Chalmers & Woodrow T. Johnson & Jonathan Reuter, 2012. "The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon," NBER Chapters, in: Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century, National Bureau of Economic Research, Inc.
- John Chalmers & Woodrow T. Johnson & Jonathan Reuter, 2012. "The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon," NBER Working Papers 18517, National Bureau of Economic Research, Inc.
- Francesco D'Acunto & Alberto G. Rossi & Michael Weber & Michael Weber, 2019. "Crowdsourcing financial information to change spending behavior," CESifo Working Paper Series 7533, CESifo.
- 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.
- M. Martin Boyer & Sébastien Box-Couillard & Pierre-Carl Michaud, 2018. "Demand for Annuities: Price Sensitivity, Risk Perceptions, and Knowledge," Cahiers de recherche 1810, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
- M. Martin Boyer & Sébastien Box-Couillard & Pierre-Carl Michaud, 2018. "Demand for Annuities: Price Sensitivity, Risk Perceptions, and Knowledge," CIRANO Working Papers 2018s-33, CIRANO.
- 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).
- Nino Abashidze & Robert L. Clark & Beth Ritter & David Vanderweide, 2018. "Annuity Pricing in Public Pension Plans: Importance of Interest Rates," NBER Working Papers 25343, National Bureau of Economic Research, Inc.
- Robert L. Clark & Aditi Pathak & Denis Pelletier, 2018. "Supplemental Retirement Savings Plans in the Public Sector: Participation and Contribution Decisions by School Personnel," Journal of Labor Research, Springer, vol. 39(4), pages 383-404, December.
- Andreas Fuster & Benjamin Hebert & David Laibson, 2012.
"Natural Expectations, Macroeconomic Dynamics, and Asset Pricing,"
NBER Macroeconomics Annual, University of Chicago Press, vol. 26(1), pages 1-48.
- Andreas Fuster & Benjamin Hebert & David Laibson, 2011. "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing," NBER Chapters, in: NBER Macroeconomics Annual 2011, Volume 26, pages 1-48, National Bureau of Economic Research, Inc.
- Andreas Fuster & Benjamin Hebert & David Laibson, 2011. "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing," NBER Working Papers 17301, National Bureau of Economic Research, Inc.
- Fuster, Andreas & Herbert, Benjamin & Laibson, David I., 2011. "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing," Scholarly Articles 10140029, Harvard University Department of Economics.
- Post Thomas, 2012. "Individual Welfare Gains from Deferred Life-Annuities under Stochastic Mortality," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 6(2), pages 1-26, June.
- 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.
- Colleen Flaherty Manchester, 2019. "Retirement plan type and worker mobility," IZA World of Labor, Institute of Labor Economics (IZA), pages 461-461, October.
- Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
- 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.
- 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, Institute of Labor Economics (IZA).
- 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.
- Schreiber, Philipp & Weber, Martin, 2016.
"Time inconsistent preferences and the annuitization decision,"
Journal of Economic Behavior & Organization, Elsevier, vol. 129(C), pages 37-55.
- Weber, Martin & Schreiber, Philipp, 2015. "Time Inconsistent Preferences and the Annuitization Decision," CEPR Discussion Papers 10383, C.E.P.R. Discussion Papers.
- Hurwitz, Abigail & Sade, Orly, 2020. "An investigation of time preferences, life expectancy, and annuity versus lump sum choices: Can smoking harm long-term saving decisions?," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 812-825.
- Clark, Robert L. & Hammond, Robert G. & Vanderweide, David, 2019.
"Navigating complex financial decisions at retirement: evidence from annuity choices in public sector pensions,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 18(4), pages 594-611, October.
- Robert L. Clark & Robert G. Hammond & David Vanderweide, 2018. "Navigating Complex Financial Decisions at Retirement: Evidence from Annuity Choices in Public Sector Pensions," NBER Chapters, in: Incentives and Limitations of Employment Policies on Retirement Transitions, National Bureau of Economic Research, Inc.
- Robert L. Clark & Robert G. Hammond & David Vanderweide, 2018. "Navigating Complex Financial Decisions at Retirement: Evidence from Annuity Choices in Public Sector Pensions," NBER Working Papers 25129, National Bureau of Economic Research, Inc.
- 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.
- 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.
- Bütler, Monika & Ramsden, Alma, 2016. "Pricing annuities: The role of taxation in retirement decisions," VfS Annual Conference 2016 (Augsburg): Demographic Change 145525, Verein für Socialpolitik / German Economic Association.
- 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.
- 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.
- Fang Zhao & Jie Sun & Raj Devasagayam & Gary Clendenen, 2018. "Effects of culture and financial literacy among Chinese-Americans on participating in financial services," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 23(1), pages 62-75, March.
- Jang, Bong-Gyu & Koo, Hyeng Keun & Park, Seyoung, 2019. "Optimal consumption and investment with insurer default risk," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 44-56.
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