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Titel:

Subjective Life Expectancy and Private Pensions

Autor(en):
Bucher-Koenen, Tabea; Kluth, Sebastian
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 wom...     »
Stichworte:
Arbeitspapier/Diskussionspapier
Jahr:
2013
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