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Explaining Why Retirees Do Not Choose Annuities in Korea: A Probability of Consumption Shortfall Approach
by Dong-Hwa Lee, Jun-Hee An and Joo-Ho Sung
Journal of Finance and Economics. 2018, 6(4), 125-133. DOI: 10.12691/jfe-6-4-2
Pub. Date: August 06, 2018Views: 19349Downloads: 18058
annuity puzzle self-annuitization annuitization probability of consumption shortfall optimal asset allocation
Abstract Full Text PDF (553 KB) Full Text HTML Full Text ePUB (370 KB)
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