This paper analyzes the effect of framing on the stated demand for longevity annuities. We test whether longevity income framed as “insurance” is more attractive than longevity income framed as an “annuity,” since longevity income is consumption protection. In a sample of 1,425...

The term financial planning has been an area of research interest since few years. Studies have underlined the influence of various cognitive factors in individuals' financial decisions. The present study is also trying to underline the influence of various cognitive factors in personal...

Using a large transaction level dataset, we find that institutional investors can make economically insignificant -4 to 9 basis points net profit on their marked-to-market portfolio of buy – sell transactions over 1-day to 4-week holding period. The negative net marked-to-market profit comes...

This study explores both whether lifetime religious giving tendencies extend to religious estate giving attitudes and whether underlying charitable estate giving attitudes, rather than documentation, may serve as the key barrier to charitable estate planning. Data from the Panel Study of Income...