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来源类型Working Paper
规范类型报告
DOI10.3386/w9092
来源IDWorking Paper 9092
Annuities for an Ageing World
Olivia S. Mitchell; David McCarthy
发表日期2002-08-01
出版年2002
语种英语
摘要Substantial research attention has been devoted to the pension accumulation process, whereby employees and those advising them work to accumulate funds for retirement. Until recently, less analysis has been devoted to the pension decumulation process -- the process by which retirees finance their consumption during retirement. This gap has recently begun to be filled by an active group of researchers examining key aspects of the pension payout market. One of the areas of most interesting investigation has been in the area of annuities, which are financial products intended to cover the risk of retirees outliving their assets. This paper reviews and extends recent research examining the role of annuities in helping finance retirement consumption. We also examine key market and regulatory factors.
主题Financial Economics ; Financial Institutions ; Public Economics ; Public Goods
URLhttps://www.nber.org/papers/w9092
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/566701
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GB/T 7714
Olivia S. Mitchell,David McCarthy. Annuities for an Ageing World. 2002.
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