Subjective Life Expectancy and Private Pensions

@inproceedings{BucherKoenen2012SubjectiveLE,
  title={Subjective Life Expectancy and Private Pensions},
  author={Tabea Bucher-Koenen and S. Kluth},
  year={2012}
}
  • Tabea Bucher-Koenen, S. Kluth
  • Published 2012
  • Economics
  • 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 effects 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 effect based on subjective life expectancy for… CONTINUE READING
    21 Citations
    Individual Survival Expectations and Actual Mortality: Evidence from Dutch Survey and Administrative Data
    • 9
    Survival pessimism and the demand for annuities
    • 3
    • PDF
    Family, Friends and Framing: A Cross-Country Study of Subjective Survival Expectations
    • 6
    • PDF

    References

    SHOWING 1-10 OF 51 REFERENCES
    New Evidence on the Money's Worth of Individual Annuities
    • 793
    • Highly Influential
    • PDF
    Can the Longevity Risk Alleviate the Annuitization Puzzle? Empirical Evidence from Dutch Data
    • 20
    • Highly Influential
    • PDF
    Expectations, Life Expectancy, and Economic Behavior
    • 305
    • Highly Influential
    • PDF
    Personal assets and pension reform: How well prepared are the Germans?
    • 5
    • Highly Influential
    • PDF
    Using subjective expectations to forecast longevity: do survey respondents know something we don’t know?
    • 104
    • PDF
    Longevity Expectations and Death: Can People Predict Their Own Demise?
    • 257
    • PDF