| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25067 |
| 来源ID | Working Paper 25067 |
| The Pivotal Role of Fairness: Which Consumers Like Annuities? | |
| Suzanne B. Shu; Robert Zeithammer; John W. Payne | |
| 发表日期 | 2018-09-24 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Life annuities can be a valuable component of the decumulation stage of wealth during retirement. While economists argue that most retirees should annuitize, actual demand in the marketplace is low. We analyze data from two studies to determine how measurable individual differences among consumers affect their interest in annuities. We find that a relatively high percentage of respondents dislike all annuities. Demographic factors are not predictive of which individuals dislike annuities, and individual factors predicted by economic models to be important (such as beneficiaries) have small or even opposite effects. The strongest individual differences we measured that predicts liking of annuities is the respondent’s perception of product fairness. We discuss implications of our findings for financial planners hoping to help their customers with these decumulation challenges. |
| 主题 | Financial Economics ; Financial Institutions ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w25067 |
| 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/582740 |
| 推荐引用方式 GB/T 7714 | Suzanne B. Shu,Robert Zeithammer,John W. Payne. The Pivotal Role of Fairness: Which Consumers Like Annuities?. 2018. |
| 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 | ||
| w25067.pdf（169KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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