Article2008

Why Don't People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle

Jeffrey R. Brown · Jeffrey R. Kling · Sendhil Mullainathan · Marian V. Wrobel

398 citations0/0 files storedAmerican Economic Review

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Financial Literacy, Pension, Retirement Analysis Decision-Making and Behavioral Economics Retirement, Disability, and Employment

Abstract

Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle by Jeffrey R. Brown, Jeffrey R. Kling, Sendhil Mullainathan and Marian V. Wrobel. Published in volume 98, issue 2, pages 304-09 of American Economic Review, May 2008

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References

1981The Framing of Decisions and the Psychology of Choice 2000Stated Choice Methods 2008Mental Accounting and Consumer Choice 1997Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study 1999Choice Bracketing

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