Abstract

http://ssrn.com/abstract=1943599
 
 

References (48)



 
 

Citations (2)



 


 



Annuity Puzzles


Shlomo Benartzi


University of California at Los Angeles

Alessandro Previtero


University of Western Ontario - Richard Ivey School of Business

Richard H. Thaler


University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER)

October 13, 2011

Journal of Economic Perspectives, Fall 2011

Abstract:     
We analyze the long-standing “annuity puzzle” through the lens of behavioral economics. We provide novel evidence that lessens the extent of the puzzle and shed some additional light on the real drivers of the decision to annuitize. Last, we discuss the policy implications of our findings.

Number of Pages in PDF File: 36

Keywords: Behavioral Finance, Household FInance, Annuity Puzzle, Inertia, Framing Effects

JEL Classification: D03, D14, G11, G22, H55

working papers series





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Date posted: October 14, 2011  

Suggested Citation

Benartzi, Shlomo and Previtero, Alessandro and Thaler, Richard H., Annuity Puzzles (October 13, 2011). Journal of Economic Perspectives, Fall 2011 . Available at SSRN: http://ssrn.com/abstract=1943599 or http://dx.doi.org/10.2139/ssrn.1943599

Contact Information

Shlomo Benartzi
University of California at Los Angeles ( email )
D410 Anderson Complex
Los Angeles, CA 90095-1481
United States
310-206-9939 (Phone)
310-267-2193 (Fax)
Alessandro Previtero (Contact Author)
University of Western Ontario - Richard Ivey School of Business ( email )
1151 Richmond Street North
London, Ontario N6A 3K7
Canada
+1-519-701-5479 (Phone)
Richard H. Thaler
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-5208 (Phone)
773-702-0458 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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