Optimal Annuitization with Stochastic Mortality Probabilities
收藏NBER2013-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19211
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资源简介：
The conventional wisdom dating back to Yaari (1965) is that households without a bequest motive should fully annuitize their investments. Numerous market frictions do not break this sharp result. We modify the Yaari framework by allowing a household's mortality risk itself to be stochastic.
提供机构：
美国国家经济研究局
创建时间：
2013-07-01
