How price-elastic is the demand for retirement saving?

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<rdf:Description>
<dc:creator>Direr, Alexis</dc:creator>
<dc:date>2019-01-01</dc:date>
<dc:description xml:lang="es">Sumario: We exploit an administrative data set of a big insurance company to assess the effects on annuity demand of a French regulatory reform which impacted actuarial return to deferred life annuity products. Unlike in previous studies, annuity demand is measured by contributions to savings products that result in capital being converted into annuities at retirement. Our identification methodology is based on the fact that while female savers' annuity rate (conversion rate of capital into annuities) fell by 10%, male savers who did not expect to take the survivor option at retirement were not affected by the reform. Assurning that single men fall into this category, and using this population as a control group, we find a decrease in demand by women of - 16%, which corresponds to a price elasticity of subscriptions of - 1.5. The reform did not significantly alter contributions to saving accounts. We also document a very large anticipation effect created by the opportunity offered to early subscribers to benefit from older pricing</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/167235.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Fondos de pensiones</dc:subject>
<dc:subject xml:lang="es">Ahorro</dc:subject>
<dc:subject xml:lang="es">Envejecimiento de la población</dc:subject>
<dc:subject xml:lang="es">Economía de empresa</dc:subject>
<dc:subject xml:lang="es">Elasticidad</dc:subject>
<dc:subject xml:lang="es">Modelos actuariales</dc:subject>
<dc:subject xml:lang="es">Francia</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">How price-elastic is the demand for retirement saving?</dc:title>
<dc:relation xml:lang="es">En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/01/2019 Volumen 44 Número 1 - enero 2019 , p. 102-122</dc:relation>
<dc:coverage xml:lang="es">Francia</dc:coverage>
</rdf:Description>
</rdf:RDF>