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Overview of the Issue
| Content Provider | Scilit |
|---|---|
| Author | Brown, Jeffrey Haberman, Steven Milevsky, Moshe Orszag, Mike |
| Copyright Year | 2006 |
| Description | The second issue of the fifth volume of the JPEF features 4 research articles, and a book review section. The first article is by Estelle James, Guillermo Martinez and Augusto Iglesias and looks at: “The payout stage in Chile: Who annuitizes and why?” Low rates of voluntary annuitization are a major issue in defined contribution pension designs. Yet, in Chile, about 2/3 of individuals choose to annuitize instead of taking programmed withdrawals. The paper examines the reasons for this high rate of annuitization and concludes that it is due to the combination of a competitive market in annuities and the relatively constrained alternatives available to individuals. The paper nevertheless finds some evidence of adverse selection in the Chile annuity market. |
| Related Links | https://www.cambridge.org/core/services/aop-cambridge-core/content/view/28EECF9A1AA734B0316B1691209E1115/S1474747206002514a.pdf/div-class-title-overview-of-the-issue-div.pdf |
| ISSN | 14747472 |
| e-ISSN | 14753022 |
| DOI | 10.1017/s1474747206002514 |
| Journal | Journal of Pension Economics and Finance |
| Issue Number | 2 |
| Volume Number | 5 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2006-07-01 |
| Access Restriction | Open |
| Subject Keyword | Journal of Pension Economics and Finance Industrial Relations |
| Content Type | Text |
| Resource Type | Article |
| Subject | Finance Economics and Econometrics Organizational Behavior and Human Resource Management |
