Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle
American Economic Review
vol. 98,
no. 2, May 2008
(pp. 304-09)
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.98.2.304JEL Classification
- D14 Personal Finance
- D81 Criteria for Decision-Making under Risk and Uncertainty
- G22 Insurance; Insurance Companies