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

Brown, Jeffrey R.Kling, Jeffrey R.Mullainathan, SendhilWrobel, Marian Vaillant2009-04-272008Brown, 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): 304-309.0002-8282http://nrs.harvard.edu/urn-3:HUL.InstRepos:2799056en-USWhy Don't People Insure Late Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle10.1257/aer.98.2.304