Financial Education and Annuities

Jeffrey Brown

OECD Journal: General Papers, 2009, vol. 2008, issue 3, 173-215

Abstract: Life annuities – financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream – have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theoretical work in economics suggests that life annuities ought to comprise a large share of the retirement portfolios of most households. Yet around the world, voluntary annuity markets remain small.

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
https://doi.org/10.1787/gen_papers-v2008-art20-en (text/html)
Full text available to READ online. PDF download available to OECD iLibrary subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oec:packab:5ksnmd7l7s6k

Access Statistics for this article

More articles in OECD Journal: General Papers from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().