| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7812 |
| 来源ID | Working Paper 7812 |
| Mortality Risk, Inflation Risk, and Annuity Products | |
| Jeffrey R. Brown; Olivia S. Mitchell; James M. Poterba | |
| 发表日期 | 2000-07-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | As growing numbers of retirees reach retirement age with substantial balances in self-directed retirement plans, annuities are likely to become increasingly important instruments for drawing down retirement savings. This study explores recent trends in the pricing of single-premium annuity products in the United States. Virtually all of the annuity products currently available in the United States offer fixed nominal payouts, rather than an inflation-linked payout stream. After describing the money's worth' of the various types of nominal annuity products, this study considers the extent to which existing U.S. private annuity markets provide retirees with inflation-protected retirement income flows. Although there is effectively no market yet for inflation-indexed annuities in the United States, such products are available in other countries. The paper concludes by summarizing recent data on the pricing of both nominal and inflation-linked annuities in the United Kingdom and several other nations. |
| 主题 | Microeconomics ; Behavioral Economics ; Economics of Information |
| URL | https://www.nber.org/papers/w7812 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565384 |
| 推荐引用方式 GB/T 7714 | Jeffrey R. Brown,Olivia S. Mitchell,James M. Poterba. Mortality Risk, Inflation Risk, and Annuity Products. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7812.pdf（208KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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