Optimal annuitization, uncertain survival probabilities, and maxmin preferences

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 115
Issue: 2
Pages: 296-299

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a life-cycle model with bequest motives, and assume that the individual does not know his/her survival probability and has maxmin utility preferences; we show that it is optimal not to annuitize but to purchase pure life insurance policies instead.

Technical Details

RePEc Handle
repec:eee:ecolet:v:115:y:2012:i:2:p:296-299
Journal Field
General
Author Count
2
Added to Database
2026-01-25