Private Pensions, Mortality Risk, and the Decision to Annuitize
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This paper examines household decisions about whether or not to annuitize retirement resources. A life-cycle model of consumption, implemented with the use of dynamic programming techniques, is used to construct a utility-based measure of annuity value for individuals and couples in the Health and
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美国国家经济研究局创建时间：
1999-06-01
