The ‘Annuity Puzzle’ and Model Portfolios
8 Pages Posted: 8 Feb 2021
Date Written: October 24, 2020
The paper presents a model that demonstrates the advantages of partial annuitization in the most straightforward manner. The paper also briefly discusses “the annuity puzzle”, a decades old problem.
Keywords: annuity puzzle, model portfolios, annuitization, retirement income
JEL Classification: G11
Suggested Citation: Suggested Citation