Selection Effects in the United Kingdom Individual Annuities Market

By Amy N. Finkelstein, J. Poterba. 2002

315 citations recorded by the source corpus.

Subfields: Demography, Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/6a1907c2c3e8ccfb5e038ffbcb3466a528aaf75e

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Citations in the corpus

Pensionmetrics 2: stochastic pension plan design during the distribution phase (2003, background): “Keywords:Stochastic pension plan design; Defined contribution; Discounted utility; Life annuity; Income drawdown; Asset allocation; Optimal annuitisation age”
Economic Effects of Risk Classification Bans (2014, unknown): “75 Finkelstein and Poterba (2002, 2004).”
Confronting Information Asymmetries: Evidence from Real Estate Markets (2004, unknown): “The empirical relevance of asymmetric information has been studied in the used car market [Genesove (1993) and Porter and Sattler (1999)], the labor market [Landers, Rebitzer, and Taylor (1996) and Campbell and Kamlani (1997)], the insurance market [Chiappori and Salanie´ (2000) and Finkelstein and”
Access to Finance (2010, unknown): “This has been shown in both insurance markets (Finkelstein and Poterba, 2002) and credit markets (Karlan and Zinman, 2009b).”
The choice between an annuity and a lump sum: Results from Swiss pension funds ☆ (2007, methodology): “…MWRs of annuities have been used in a number of earlier studies, including Friedman and Warshawsky (1988), Mitchell et al. (1999), Brown and Poterba (2000), and Finkelstein and Poterba (2002). equivalent wealth for each individual using three levels of risk aversion (including risk neutrality).”
Social Insurance: Connecting Theory to Data (2012, background): “…including long-term care insurance (Brown & Finkelstein, 2007), annuity markets (Friedman & Warshawsky, 1990; Mitchell, Poterba, Warshawsky, & Brown, 1999; Finkelstein & Poterba, 2002), health insurance (Newhouse, 2002), and automobile insurance (Chiappori, Jullien, Salanié,& Salanié, 2006).”
Testing for Adverse Selection in Insurance Markets (2010, unknown): “Finkelstein and Poterba (2002), who focus on the UK, and McCarthy and Mitchell (forthcoming), who examine the US, the UK, and Japan, use a roughly similar methodology that compares the aggregate mortality risk of annuitants with that of non-annuitants using standardized life tables.”
How Deep is the Annuity Market Participation Puzzle (2007, methodology): “Finkelstein and Poterba (2002) indicate that the compulsory annuity market in the U.K. is much larger than the voluntary annuity market: in 1998 the former had a size of 5.4 billion GBP while the latter equaled 0.8 billion GBP.”
On the pricing of longevity-linked securities (2010, background): “For example, Mitchell et al. (1999) report that in the mid 1990s in the United States (US), the average annuity policy delivers pay-outs of less than 91 cents per unit of annuity premium (Finkelstein and Poterba (2002) make similar observations for the UK).”
The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market (2007, unknown): “…in many insurance markets, including long-term care insurance (Brown and Finkelstein, 2004), annuity markets (Friedman and Warshawsky, 1990; Mitchell et al., 1999; and Finkelstein and Poterba, 2002), life insurance (Cutler and Zeckhauser, 2000), and automobile insurance (Chiappori et al., 2006).”
Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market (2004, background): “Finkelstein and Poterba (2000) describe the robustness of the findings in table 2 to a number of other alternative specifications.”