| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11271 |
| 来源ID | Working Paper 11271 |
| Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities | |
| Ivica Dus; Raimond Maurer; Olivia S. Mitchell | |
| 发表日期 | 2005-04-18 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Retirees must draw down their accumulated assets in an orderly fashion, so as not to exhaust their funds too soon. We compare alternative phased withdrawal strategies to a life annuity benchmark using German data; one particular phased withdrawal rule seems attractive, as it offers relatively low expected shortfall risk, good expected payouts for the retiree during his life, and some bequest potential; results are similar for the US case. Delayed annuitization may also appeal, as it offers higher expected benefits with lower expected shortfalls. Requiring unisex mortality tables in annuity pric-ing raises women's risks under a phased withdrawal program. |
| 主题 | Financial Economics ; Financial Institutions ; Labor Economics ; Labor Supply and Demand ; Labor Compensation |
| URL | https://www.nber.org/papers/w11271 |
| 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/568908 |
| 推荐引用方式 GB/T 7714 | Ivica Dus,Raimond Maurer,Olivia S. Mitchell. Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities. 2005. |
| 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 | ||
| w11271.pdf（307KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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