Is full annuitization socially optimal?

DOI10.1007/S00712-021-00756-6MaRDI QIDQ2134168zbMATH OpenOpenAlexFDO

Authors Torben M. Andersen, Marias H. Gestsson

Publication date 6 May 2022

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-021-00756-6

zbMATH Keywords

annuitizationannuity marketsdynamic efficiencymortality riskoverlapping generationswelfare

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

Recommendations

• The annuity puzzle remains a puzzle
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Cites work

• Fair retirement under risky lifetime
• Optimum Social Security in a Life-Cycle Growth Model
• The economic theory of annuities.

Cited in

(3)

• The annuity puzzle remains a puzzle
• Government-provided annuities under insolvency risk
• Are unconditional lump-sum transfers a good idea?

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