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Author(s):
Bucher-Koenen, Tabea; Kluth, Sebastian 
Title:
Subjective Life Expectancy and Private Pensions 
Abstract:
One important parameter in the decision process when buying a private annuity is individuals' subjective life expectancy, because it directly influences the expected rate of return. We examine the market for private annuities in Germany and evaluate potential selection e ffects based on subjective life expectancy. First individuals are pessimistic about their life span compared to the official life tables. Second we find a significant selection e ffect based on subjective life expectancy for wo...    »
 
Keywords:
Arbeitspapier/Diskussionspapier 
Year:
2013