Beshears, John; Choi, James J.; Laibson, David; … - In: Journal of Public Economics 116 (2014) C, pp. 2-16
We conduct and analyze two large surveys of hypothetical annuitization choices. We find that allowing individuals to annuitize a fraction of their wealth increases annuitization relative to a situation where annuitization is an “all or nothing” decision. Very few respondents choose declining...