Capital Accumulation and Annuities in an Adverse Selection Economy
收藏NBER1986-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2046
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资源简介：
This paper suggests that adverse selection problems in competitive annuity markets can generate quantity constrained equilibria in which some agents whose length of lifetime is uncertain find it advantageous to accumulate capital privately. This occurs despite the higher rates of return on annuities
提供机构：
美国国家经济研究局
创建时间：
1986-10-01
