Working Papers
Filter
This paper uses archival insurance industry data from the period 1861 to 1941 to shed light on ordinary life insurance, which was the primary old-age savings mechanism of American households in the era before Social Security…
The unpredictability of one’s lifespan is a major difficulty in retirement planning and provides the impetus for insurance products guaranteeing lifetime income. It is well known that this variance of longevity differs across demographic and socioeconomic groups, but the patterns of this variance over time have not been studied…
