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American Economic Review: Vol. 98 No. 2 (May 2008)

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Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle

Article Citation

Brown, Jeffrey R., Jeffrey R. Kling, Sendhil Mullainathan, and Marian V. Wrobel. 2008. "Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle." American Economic Review, 98(2): 304-09.

DOI: 10.1257/aer.98.2.304

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Authors

Brown, Jeffrey R. (U IL)
Kling, Jeffrey R. (Brookings Institution)
Mullainathan, Sendhil (Harvard U)
Wrobel, Marian V. (Institute for Quantitative Social Science, Harvard U)

JEL Classifications

D14: Personal Finance
D81: Criteria for Decision-Making under Risk and Uncertainty
G22: Insurance; Insurance Companies


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