NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning

Jeffrey R. Brown

NBER Working Paper No. 13537
Issued in October 2007

---- Acknowledgements -----

This paper was written for the book edited by Anna Maria Lusardi, entitled Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs. The author is grateful to John Ameriks, Andrew Caplin, Anna Maria Lusardi, and participants in the May, 2007 "Improving the Effectiveness of Financial Education and Savings Programs" conference for helpful conversations. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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