Tag: annuity puzzle

Coin stack with growing leaves and alarm clock on wooden desk on green tree background, time for saving concept

The gap between the desire for annuities and actual holdings likely due to logistical impediments. My colleagues, Karolos Arapakis and Gal Wettstein, have just published a really interesting paper on the “annuity puzzle.”  That is, while economic models predict that many people would be better off with annuities, only a small portion of retirees actually…

Loving Retired Couple Holding Hands As They Walk Along Shoreline On Winter Beach Vacation

The Center for Retirement Research at Boston College gratefully acknowledges Jackson National Life Insurance Company for supporting this researc…