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In: The journal of business, Volume 78, Issue 5, p. 1917-1942
ISSN: 1537-5374
In: The Economic Journal, Volume 93, p. 87
In: British Journal of Management, Volume 30, Issue 1, p. 3-9
SSRN
In: NBER Working Paper No. w13042
SSRN
Working paper
In: The Geneva papers on risk and insurance - issues and practice, Volume 29, Issue 3, p. 371-393
ISSN: 1468-0440
In: The economic journal: the journal of the Royal Economic Society, Volume 113, Issue 489, p. 576-597
ISSN: 1468-0297
In: The Economic Journal, Volume 105, Issue 428, p. 77
In: The Manchester School, Volume 59, Issue S1, p. 72-80
ISSN: 1467-9957
In: The Economic Journal, Volume 100, Issue 400, p. 67
In: The Economic Journal, Volume 99, Issue 398, p. 1083
The Pension Crisis concerns the changing demographic profile of the economy: an increasing number of elderly persons supported by fewer young people. Governments around the world are responding to this impending crisis by shifting their pension policies away from pay-as-you-go systems towards individual savings schemes. These savings need to be converted into a pension at retirement, and annuities provide this function. This book is a comprehensive study of annuity markets. The book starts by outlining the context of public policy towards pensions, and explains the different types of annuities
In: Journal of Risk and Insurance, Volume 80, Issue 1, p. 95-119
SSRN
In: Netspar Discussion Paper No. 04/2013-017
SSRN
Working paper
In: National Institute economic review: journal of the National Institute of Economic and Social Research, Volume 237, p. R47-R54
ISSN: 1741-3036
This paper investigates the effect of recent regulatory changes to the compulsory annuitisation of tax-privileged pension savings, on the demand for annuities and other retirement products. We find that the demand for annuities has fallen by almost 75 per cent from its peak in 2012, and the demand for income drawdown products has increased. There is some evidence that people at younger ages and with smaller pension pots are choosing not to annuitise, and hence the average size of an annuity purchase has increased.