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Developments in Decumulation: The Role of Annuity Products in Financing Retirement / Olivia S. Mitchell.
- Format:
- Book
- Author/Creator:
- Mitchell, Olivia S.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8567.
- NBER working paper series no. w8567
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Developments in Decumulation
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2001.
- Summary:
- Longer lifespans are generally seen as a positive outcome of economic growth. Yet life extension also means that more people face the risk of living too long -- that is, outliving their assets and means of support. A range of financial products exists currently or can be envisioned for the future that would be useful in helping to protect people against having to dramatically curtail consumption in old age. This paper reviews the usefulness of life annuities in providing protection against longevity risk.
- Notes:
- Print version record
- October 2001.
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