Annuitization behavior : tax incentives vs. product design
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20140046027 | ||
| 003 | MAP | ||
| 005 | 20141209164423.0 | ||
| 008 | 141205e20140901esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a6 | ||
| 100 | 1 | $0MAPA20100039014$aKling, Alexander | |
| 245 | 1 | 0 | $aAnnuitization behavior$b: tax incentives vs. product design$cAlexander Kling, Andreas Richter, Jochen Ruß |
| 520 | $aWe analyze and compare the impact of tax incentives and of introducing enhanced annuities on annuitization behavior considering heterogeneity among the insured. We find that tax incentives for annuitization result in a significant increase of the portion of people who should annuitize and also an increase of the insurer's profit since less healthy individuals also annuitize, i.e. adverse selection is reduced. However, the problem that different insured receive a different value for money is even increased by tax incentives. If enhanced annuities are introduced, the percentage of insured who should annuitize further increases. Adverse selection is further reduced and the differences in value for money from annuitizing shrink. | ||
| 700 | $0MAPA20110023690$aRichter, Andreas | ||
| 700 | 1 | $0MAPA20140026906$aRuß, Jochen | |
| 773 | 0 | $wMAP20077000420$tAstin bulletin$dBelgium : ASTIN and AFIR Sections of the International Actuarial Association$x0515-0361$g01/09/2014 Volumen 44 Número 3 - septiembre 2014 |