Joint Life Annuities and Annuity Demand by Married Couples

By Jeffrey R. Brown, J. Poterba. 2000

267 citations recorded by the source corpus.

Subfields: Demography, Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/f70d3c5c6e66a71927bc85ca4934f6cd47dc59e1

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Citations in the corpus

Accounting for non-annuitization (2010, unknown): “Their framework is well-suited for studying heterogeneity in annutization decisions because they explicitly model the relationships among several factors which affect the demand for annuities: income, life expectancy, and medical expenses.(3) Each period an individual’s health status mt can be good ”
Cognitive Constraints on Valuing Annuities (2017, background): “…Warshawsky, and Brown 1999); pre-existing annuitization (Brown 2001; Dushi and Webb 2006); risk-sharing within families (Kotlikoff and Spivak 1981; Brown and Poterba 2000); uncertain health expenses (Turra and Mitchell 2008; Sinclair and Smetters 2004; Peijnenburg, Nijman, and Werker 2010a,…”
Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market (2004, background): “Brown and Poterba (2000) note that it is considerably more complicated to analyze the joint mortality patterns of couples with joint life annuities than to analyze the mortality pattern for a single annuitant.”
Annuitization and asset allocation (2007, background): “with equality in at least one of (10) and (11).”
The Trajectory of Wealth in Retirement (2009, background): “…to an actuarially fair, inflation-indexed, joint fixed life annuity that a retired household could theoretically purchase with all of its assets.11 Brown and Poterba (2000)) show that, using the “last survivor payout rule,” the actuarially fair price of a fixed joint annuity paying a real amount…”
Delays in Claiming Social Security Benefits (2002, unknown): “On the other hand, being married lowers the annuity value of Social Security, since the couple can provide some self-insurance against mortality risk (Kotlikoff and Spivak, 1981; Brown and Poterba, 1999).”
Real Longevity Insurance with a Deductible: Introduction to Advanced-Life Delayed Annuities (ALDA) (2005, background): “Indeed, a married couple functions as a mini-annuity market, as elaborated by Brown and Poterba (2000).”
The choice between an annuity and a lump sum: Results from Swiss pension funds ☆ (2007, methodology): “We use the methodology of Brown and Poterba (2000) to develop a measure of an annuity's wealth, but adapted to the Swiss pension system.”