Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26131 
Year of Publication: 
2007
Series/Report no.: 
CESifo Working Paper No. 2086
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different patterns of change in annuitization, depending on the initial survival rate. When the initial survival rate is low (high), there is full (partial) annuitization. There is thus an inverse relationship between longevity and annuitization.
JEL: 
E2
J1
L1
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size
294.18 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.