Financial Education and Annuities [electronic resource] / Jeffrey R. Brown.

Author/Creator:

Brown, Jeffrey R.., author

Publication:

Paris : OECD Publishing, 2009.

Format/Description:

Government document
Book
1 online resource (44 pages)

Subjects:

Economics.

Summary:

Life annuities - financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream - have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theoretical work in economics suggests that life annuities ought to comprise a large share of the retirement portfolios of most households. Yet around the world, voluntary annuity markets remain small.

Notes:

Title from title screen (viewed May 1, 2017).

Contributor:

SourceOECD (Online Service)

Contained In:

OECD Journal: General Papers Vol. 2008, no. 3, p. 173-215

Access Restriction:

Restricted for use by site license.

Online:

Connect to full text
http://hdl.library.upenn.edu/1017.12/2316288

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