Selection Effects in the Market for Individual Annuities: New Evidence from the United Kingdom
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This paper presents new evidence on the importance of adverse selection in individual annuity markets. It focuses on the individual annuity market in the United Kingdom, which provides an excellent empirical setting for studying selection effects. In addition to a voluntary annuity market, the U.K.
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美国国家经济研究局创建时间：
1999-06-01
