Annuities and Other Retirement Products

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Annuities and Other Retirement Products

Davis, E. Philip. 2000. “Issues in the Regulation of Annuities Markets.” CeRP Working Paper 26/02, Center for Research on Pensions and Welfare Policies, Turin, Italy. Dus, Ivica, Raimond Maurer, and Olivia S. Mitchell. 2003. “Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans.” MRRC Working Paper 2003–063, Michigan Retirement Research Center, University of Michigan, Ann Arbor. Fornero, Elsa, and Elisa Luciano, eds. 2004. Developing an Annuity Market in Europe. Cheltenham, U.K.: Edward Elgar. Hu, Wei-Yin, and Jason Scott. 2007. “Behavioral Obstacles to the Annuity Market.” Pension Research Council Working Paper 2007–10, Wharton School, University of Pennsylvania, Philadelphia. Impavido, Gregorio, Craig W. Thorburn, and Mike Wadsworth. 2003. “A Conceptual Framework for Retirement Products: Risk Sharing Arrangements between Providers and Retirees.” Policy Research Working Paper 3208, World Bank, Washington, DC. James, Estelle, Xue Song, and Dimitri Vittas. 2001. “Annuity Markets around the World: Money’s Worth to Annuitants and How Do Insurance Companies Cover It?” CeRP Working Paper 16/01, Center for Research on Pensions and Welfare Policies, Turin, Italy. James, Estelle, and Dimitri Vittas. 2000. “The Decumulation (Payout) Phase of Defined Contribution (DC) Pillars: Policy Issues in the Provision of Annuities and Other Benefits.” Policy Research Working Paper 2464, World Bank, Washington, DC. Milevsky, Moshe A. 2005. “Real Longevity Insurance with a Deductible: Introduction to Advanced-Life Delayed Annuities (ALDA).” North American Actuarial Journal 9 (4): 109–22. Milevsky, Moshe A., and Chris Robinson. 2000. “Self-Annuitization and Ruin in Retirement.” North American Actuarial Journal 4 (4): 112–29. Milevsky, Moshe A., and Virginia R. Young. 2002. “Optimal Asset Allocation and the Real Option to Delay Annuitization: It’s Not Now-or-Never.” Discussion Paper PI-0211, Pensions Institute, London. Mitchell, Olivia S., James M. Poterba, Mark J. Warshawsky, and Jeffrey R. Brown. 2001. “New Evidence on the Money’s Worth of Individual Annuities.” In The Role of Annuity Markets in Financing Retirement, ed. Jeffrey R. Brown, Olivia S. Mitchell, James M. Poterba, and Mark J. Warshawsky, 71–106. Cambridge, MA: MIT Press. Palacios, Robert, and Rafael Rofman. 2001. “Annuity Markets and Benefit Design in Multipillar Pension Schemes: Experience and Lessons of Four Latin American Countries.” Pension Reform Primer Paper 107, World Bank, Washington, DC.


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