Capital Accumulation and Uncertain Lifetimes with Adverse Selection
收藏NBER1985-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1664
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资源简介：
This paper examines the implications of adverse selection in the private annuity market for the pricing of private annuities and the consequent effects on constrption and bequest behavior. With privately known heterogeneous mortality probabilities, adverse selection causes the rate of return on
提供机构：
美国国家经济研究局
创建时间：
1985-07-01
