المستودع الأكاديمي جامعة المدينة

Should you take a lump-sum or annuitize? : Results from Swiss pension funds

أعرض تسجيلة المادة بشكل مبسط

dc.creator Bütler, Monika
dc.creator Teppa, Federica
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:45Z
dc.date.available 2013-10-16T07:02:45Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19074
dc.identifier ppn:509696783
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19074
dc.description We use a unique dataset on individual retirement decisions in Swiss pension funds to analyze the choice between an annuity and a lump sum at retirement. Our analysis suggests the existence of an ?acquiescence bias?, meaning that a majority of retirees chooses the standard option offered by the pensions fund or suggested by common practice. Small levels of accumulated pension capital are much more likely to be withdrawn as a lump sum, suggesting a potential moral hazard behavior or a magnitude effect. We hardly find evidence for adverse selection effects in the data. Single men, for example, whose money?s worth of an annuity is considerably below the corresponding value of married men, are not more likely to choose the capital option.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1610
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J26
dc.subject H55
dc.subject D91
dc.subject ddc:330
dc.subject occupational pension
dc.subject lump sum
dc.subject annuity
dc.subject choice anomalies
dc.subject Pensionsfonds
dc.subject Betriebliche Altersversorgung
dc.subject Altersgrenze
dc.subject Entscheidung
dc.subject Schweiz
dc.title Should you take a lump-sum or annuitize? : Results from Swiss pension funds
dc.type doc-type:workingPaper


الملفات في هذه المادة

الملفات الحجم الصيغة عرض

لا توجد أي ملفات مرتبطة بهذه المادة.

هذه المادة تبدو في المجموعات التالية:

أعرض تسجيلة المادة بشكل مبسط