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Book/Printed Material Betting on death and capital markets in retirement a shortfall risk analysis of life annuities

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Title

  • Betting on death and capital markets in retirement a shortfall risk analysis of life annuities

Summary

  • "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 expected shortfall risk, good expected payouts for the retiree during his life, and some bequest potential; results are similar for the US case. Delayed annuitization may also appeal, as it offers higher expected benefits with lower expected shortfalls. Requiring unisex mortality tables in annuity pric-ing raises women's risks under a phased withdrawal program"--National Bureau of Economic Research web site.

Names

  • Dus, Ivica
  • Maurer, Raimond
  • Mitchell, Olivia S.
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2005.

Headings

  • -  Defined contribution pension plans
  • -  Defined contribution pension plans--Germany
  • -  Life annuities
  • -  Life annuities--Germany
  • -  Retirement income
  • -  Retirement income--Germany

Notes

  • -  Title from PDF file as viewed on 5/3/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005617836

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Dus, Ivica, Raimond Maurer, Olivia S Mitchell, and National Bureau Of Economic Research. Betting on Death and Capital Markets in Retirement a Shortfall Risk Analysis of Life Annuities. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. https://aj.sunback.homes/item/2005617836/.

APA citation style:

Dus, I., Maurer, R., Mitchell, O. S. & National Bureau Of Economic Research. (2005) Betting on Death and Capital Markets in Retirement a Shortfall Risk Analysis of Life Annuities. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://aj.sunback.homes/item/2005617836/.

MLA citation style:

Dus, Ivica, et al. Betting on Death and Capital Markets in Retirement a Shortfall Risk Analysis of Life Annuities. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. Retrieved from the Library of Congress, <aj.sunback.homes/item/2005617836/>.