Équivalent patrimonial de la rente et souscription de retraite complémentaire: Le cas de la France

Ronan Mahieu and Béatrice Sédillot

Annals of Economics and Statistics, 2002, issue 66, 179-208

Abstract: In the line of Brown [2001], we define an Annuity Equivalent Wealth that measures the supplement of utility provided by an annuity with respect to an actuarially equivalent lump sum. We account for the valuation of bequests and adverse selection on the market for annuities. We simulate this indicator on a sample of singles from the "Patrimoine Survey 1998". Under the assumption that insurers will not propose actuarially fair premia, we find a correlation between the Annuity Equivalent Wealth and the decision to subscribe private individual annuities.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2002:i:66:p:179-208

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