Claims: How Do Financial and Longevity Literacy Affect Annuity Demand? -- by Jeffrey R. Brown
These are attributed source records, not independent verification of each assertion.
Complete claim record (JSON) · Original source
- title: How Do Financial and Longevity Literacy Affect Annuity Demand? -- by Jeffrey R. Brown Source
- url: https://www.nber.org/papers/w35323#fromrss Source
- summary: Deciding whether to use an annuity to draw down accumulated retirement wealth is among the most complex financial decisions individuals face. It requires reasoning about longevity risk, stochastic income streams, and largely irreversible tradeoffs, often at older ages and with limited opportunities to learn from experience. This paper reviews theoretical, empirical, and experimental research to examine how financial literacy and longevity literacy shape annuitization decisions. While some extens… Source
- published: Source