Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities
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下载链接：
https://www.nber.org/papers/w11271
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资源简介：
Retirees must draw down their accumulated assets in an orderly fashion, so as not to exhaust their funds too soon. We compare alternative phased withdrawal strategies to a life annuity benchmark using German data; one particular phased withdrawal rule seems attractive, as it offers relatively low
提供机构：
美国国家经济研究局
创建时间：
2005-04-01
