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2023 Annual Conference

du 16 au 18 May 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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D2c Subjective Health Status and Annuity Participation

mercredi 17 mai 2023 à 14:00–15:30 PDT
Room 2
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

Submitter

Blain Pearson, Coastal Carolina University

Authors

Blain Pearson, Coastal Carolina University
Di Qing, Carolina University
Thomas Korankye, University of Arizona
Chargement en cours …