Tag: life expectancy
Abstract Objective life expectancy and subjective survival pessimism (defined as the difference between objective and subjective life expectancy) may both affect the demand for annuities. The question this project answers is: how do these two explanations contribute to annuitization decisions in practice? To explore this question, the analysis estimates regression models that include objective lif…
Babies born in 2023 should live as long as babies born in 2019. The Centers for Disease Control and Prevention (CDC) recently reported that life expectancy had dropped sharply in 2020 and 2021 largely because of COVID-19. The story was picked up by every media outlet. The reports made it sound like the world is ending, but…
