Archive: Jeffrey R. Brown
The brief’s key findings are: Even though retirees are increasingly responsible for deciding how to draw down their assets, few buy annuities. Researchers have offered a host of explanations for the limited take-up, but the puzzle has never been solved. This analysis finds that valuing annuities is hard for people, so they may only buy…
Abstract This paper critically examines ten leading myths that have gained currency in the debate about reforming the U.S. Social Security system, including myths that have been propagated by both proponents and opponents of including personal accounts as part of any reform packag…
