Why Don't People Insure Late Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle

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Brown, Jeffrey R.

Kling, Jeffrey R.

Mullainathan, Sendhil  0000-0001-8508-4052

Wrobel, Marian Vaillant

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https://doi.org/10.1257/aer.98.2.304

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Brown, Jeffrey R., Jeffrey R. Kling, Sendhil Mullainathan, and Marian V. Wrobel. 2008. Why don't people insure late life consumption? A framing explanation of the under-annuitization puzzle. American Economic Review 98(2): 304-309.

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