| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25129 |
| 来源ID | Working Paper 25129 |
| Navigating Complex Financial Decisions at Retirement: Evidence from Annuity Choices in Public Sector Pensions | |
| Robert L. Clark; Robert G. Hammond; David Vanderweide | |
| 发表日期 | 2018-10-08 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income security. We analyze the factors determining annuity option choices offered by a public sector defined pension plan with no default annuity option. Using combined administrative records and survey data, we explore the role of individual and household characteristics as well as risk preferences, time preferences, and financial literacy. The evidence is consistent with predictions over which households might benefit most from each annuity option. Comparing retirees who chose different annuities, we find that these groups of retirees report very different levels of well-being in retirement. |
| 主题 | Financial Economics ; Financial Institutions ; Public Economics ; National Fiscal Issues ; Subnational Fiscal Issues |
| URL | https://www.nber.org/papers/w25129 |
| 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/582803 |
| 推荐引用方式 GB/T 7714 | Robert L. Clark,Robert G. Hammond,David Vanderweide. Navigating Complex Financial Decisions at Retirement: Evidence from Annuity Choices in Public Sector Pensions. 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 | ||
| w25129.pdf（357KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
