Uncertainty resolution and the timing of annuity purchases
Article Abstract:
The role of adverse selection in affecting consumers' saving decisions is investigated to determine why annuity markets are thinning. Using a model where consumers purchase annuities prior to knowledge of their survival probability, it is indicated that no further transactions are undertaken when consumers purchase insurance against their ownsurvival-probability type at a very young age. Under this characterization, theeffects of future introductions of income uncertainty are analyzed. In addition, trade-offs between old age insurance motive and portfolio flexibilityare evaluated.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
On the warpath
Article Abstract:
The new law seeks to protect against fakes from Taiwan and elsewhere. But Indians must offer proof of US tribal recognition too. Rep Ben Nighthorse Campbell says proving Native American ancestry will be difficult for many craftspeople as the US does not recognize all Indian nations.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Challenging medicine? Bodybuilding, drugs and risk
Article Abstract:
Issues are discussed regarding the use of anabolic steroids by bodybuilders. These athletes tend to disbelieve medical opinion on the danger of such drugsand to continue taking them for their supposed ability to increase strength and lean muscle mass.
Publication Name: Sociology of Health & Illness
Subject: Sociology and social work
ISSN: 0141-9889
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: On the wing. On duty
- Abstracts: On top of the world. Human facial tolerance to steering wheel impact: a biomechanical study
- Abstracts: Tap in the attic. Skills-based pay at Bass Tavern
- Abstracts: In the pink. part 2 Day of the dead masks
- Abstracts: Orphans of the virus. Model portfolios: recent developments