Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "D91"

Anzeige der Dokumente 21-24 von 24

    • Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities 

      Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. (2016-09-29)
      Most defined contribution pension plans pay benefits as lump sums, yet the US Treasury has recently encouraged firms to protect retirees from outliving their assets by converting a portion of their plan balances into ...

    • Stochastic Differential Utility as the Continuous-Time Limit of Recursive Utility 

      Kraft, Holger; Seifried, Frank Thomas (2013-05-10)
      We establish a convergence theorem that shows that discrete-time recursive utility, as developed by Kreps and Porteus (1978), converges to stochastic differential utility, as introduced by Duffie and Epstein (1992), in the ...

    • The Impact of Biases in Survival Beliefs on Savings Behavior 

      Groneck, Max; Ludwig, Alexander; Zimper, Alexander (2017-03-24)
      "On average young people ""undersave"" whereas old people ""oversave"" with respect to the rational expectations model of life-cycle consumption and savings. According to numerous studies on subjective survival beliefs, ...

    • Time Preferences over the Life Cycle 

      Kureishi, Wataru; Paule-Paludkiewicz, Hannah; Tsujiyama, Hitoshi; Wakabayashi, Midori (2020-02-01)
      We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. We estimate the age patterns of discount rates from age 25 to 80. In order to identify age effects, we ...