IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.
Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.
D2c Subjective Health Status and Annuity Participation
Short Description
The objective of this study is to examine individuals’ subjective health evaluation and the association with annuity participation. An annuity purchase, and its resulting liquidity constraints, have been offered by the literature as a reason for the observed low annuity adoption rate (Koijen et al., 2016; Zhao, 2015). In the event of a health shock, individuals may face high liquidity needs during a reduced longevity period. Thusly, subjective health status may serve as a form of intertemporal risk calibration when considering the discount factor at which the present value of an annuity benefit is estimated. The authors posit that individuals who subjectively evaluate their health status as better than average are more likely to own an annuity compared to those who subjectively evaluate their health status as lower than average.
Type of presentation
Accepted Oral Presentation