| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19063 |
| 来源ID | Working Paper 19063 |
| Framing Lifetime Income | |
| Jeffrey R. Brown; Jeffrey R. Kling; Sendhil Mullainathan; Marian V. Wrobel | |
| 发表日期 | 2013-05-23 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We provide evidence that individuals optimize imperfectly when making annuity decisions, and this result is not driven by loss aversion. Life annuities are more attractive when presented in a consumption frame than in an investment frame. Highlighting the purchase price in the consumption frame does not alter this result. The level of habitual spending has little interaction with preferences for annuities in the consumption frame. In an investment frame, consumers prefer annuities with principal guarantees; this result is similar for guarantee amounts below, at, and above the purchase price. We discuss implications for the retirement services industry and its regulators. |
| 主题 | Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w19063 |
| 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/576738 |
| 推荐引用方式 GB/T 7714 | Jeffrey R. Brown,Jeffrey R. Kling,Sendhil Mullainathan,et al. Framing Lifetime Income. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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