Ageing and the Payout Phase of Pensions, Annuities and Financial Markets

24 Pages Posted: 26 Mar 2009

See all articles by Pablo Antolin

Pablo Antolin

Organisation for Economic Cooperation and Development, OECD

Date Written: January 12, 2009

Abstract

This paper reviews the impact of aging on private pensions, in particular on the payout phase, assesses the part that annuities can play in financing retirement, and examines the role of financial markets in facilitating the allocation on assets accumulated in defined contribution pension plans. A comprehensive set of recommendations for discussion is provided at the end of the paper.

Keywords: Defined contribution pension plans, annuities, programmed withdrawal, lump-sums, retirement income, annuity providers, insurance companies, annuity markets, deferred life annuities, longevity risk, long-term bonds, longevity-indexed bonds and longevity index

JEL Classification: D11, D14, D91, E21, G11, G38, J14, J26

Suggested Citation

Antolin, Pablo, Ageing and the Payout Phase of Pensions, Annuities and Financial Markets (January 12, 2009). Available at SSRN: https://ssrn.com/abstract=1368825 or http://dx.doi.org/10.2139/ssrn.1368825

Pablo Antolin (Contact Author)

Organisation for Economic Cooperation and Development, OECD ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France
33-1-45.24.90.86 (Phone)
33-1-44.30.63.08 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
206
Abstract Views
1,242
rank
155,309
PlumX Metrics