mortality can be pooled, and investment returns smoothed, to provide for consumption that is greater and smoother – without the …

traditional considerations of age and sex by using modified mortality tables. However, they are not available in many countries …. In regions where life annuities are priced solely via standard mortality tables, retirees with below-average life … basis of their actual mortality probabilities, thereby mitigating actuarial inequities. Additionally, the paper examines how …

with the wealth level. Our results also suggest that consumption growth decreases with higher mortality rates for elderly … singles. On the other hand, for elderly couples, consumption growth does not respond to changes in the mortality risk of the …

provide evidence that individuals mis-perceive their mortality risk, and study the demand for annuities in a setting where …