The Demand for Annuities with Stochastic Mortality Probabilities

Felix Reichling, Kent Smetters

NBER Retirement Research Center Paper No. NB 12-10
Issued in September 2012

---- Acknowledgements -----

This paper is based, in part, on a previous working paper titled "Health Shocks and the Demand for Annuities," (with Sven Sinclair) Washington, DC, Congressional Budget Office, 2004. We have benefited from feedback at presentations and discussions at the Congressional Budget Office and The Wharton School. This research was supported by the U.S. Social Security Administration through grant #5 RRC08098400-04-00 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the author(s) and do not represent the views of SSA, any agency of the Federal Government, or the NBER.

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