Annuities and Individual Welfare
收藏NBER2003-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9714
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资源简介：
This paper advances the theory of annuity demand. First, we derive sufficient conditions under which complete annuitization is optimal, showing that this well-known result holds true in a more general setting than in Yaari (1965). Specifically, when markets are complete, sufficient conditions need
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美国国家经济研究局创建时间：
2003-05-01
