Bequest Motives and the Annuity Puzzle
Few retirees annuitize any wealth, a fact that has so far defied explanation within the standard framework of forward-looking, expected utility-maximizing agents. Bequest motives seem a natural explanation. Yet the prevailing view is that people with plausible bequest motives should annuitize part o...
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| Volume: | 15 |
|---|---|
| Main Author: | Lockwood, Lee M |
| Format: | Journal Article |
| Language: | English |
| Place of publication: |
Elsevier for the Society for Economic Dynamics 2012 |
| published in: | Review of Economic Dynamics Vol. 15; no. 2; pp. 226 - 243 |
| Data of publication: | 2012 |
| Series: |
Review of Economic Dynamics |
| Subjects: | |
| Online Access: | available in Bonn? |
| Database: | RePEc RePEc IDEAS Database information Databases - DBIS |