Jump to ContentJump to Main Navigation
The Pension ChallengeRisk Transfers and Retirement Income Security$
Users without a subscription are not able to see the full content.

Olivia S. Mitchell and Kent Smetters

Print publication date: 2003

Print ISBN-13: 9780199266913

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199266913.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 August 2019

Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans

Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans

Chapter:
(p.89) Chapter 5 Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans
Source:
The Pension Challenge
Author(s):

Olivia S. Mitchell (Contributor Webpage)

Kent Smetters (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199266913.003.0005

This chapter examines alternative annuity designs, and the interactions between annuity preference and publicly provided safety net support. It is shown that with a minimum pension guarantee, the variable annuity is the most preferred annuity. Inflation insured annuity products are popular among the rich and risk-averse. Non-life instruments are also popular, but are quite expensive for government revenue.

Keywords:   retirement income, alternative annuity, consumer preference, public pension benefits, defined contribution plans

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .