How Do Retirees Value Life Annuities? Evidence from Public Employees
John Chalmers; Jonathan Reuter · 2012 · Review of Financial Studies
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract (excerpt)
Because life annuities can increase the level and decrease the volatility of lifetime consumption, economists have long been puzzled by the low demand for life annuities. One potential rational explanation is that adverse selection drives…
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Metadata source: OpenAlex · DOI 10.1093/rfs/hhs057