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How Do Financial and Longevity Literacy Affect Annuity Demand?

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NBER2026-06-01 更新2026-06-16 收录
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Deciding whether to use an annuity to draw down accumulated retirement wealth is among the most complex financial decisions individuals face. It requires reasoning about longevity risk, stochastic income streams, and largely irreversible tradeoffs, often at older ages and with limited opportunities

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2026-06-01
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