The Role of Annuity Markets in Financing Retirement

by Jeffrey R. Brown, Olivia S. Mitchell, James M. Poterba

Book Overview

Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play...

• Format: Hardcover
• Language: English
• ISBN: 0262025094
• ISBN13: 9780262025096
• Release Date: December 2001
• Publisher: MIT Press
• Length: 240 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.7" x 6.3" x 9.2"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher