Income uncertainty, bequests and annuities

Michel Strawczynski

doi:10.1016/0165-1765(93)90054-G

Income uncertainty, bequests and annuities

Michel Strawczynski^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

Life uncertainty and income uncertainty are modeled simultaneously in order to analyze the influence of perfecting income insurance in the size of bequests and the demand for annuities. The main result shows that government intervention aimed at providing intergenerational risk sharing acts as a bequest substitute, and if annuities are available, reduces the demand for annuities.

Original language	English
Pages (from-to)	155-158
Number of pages	4
Journal	Economics Letters
Volume	42
Issue number	2-3
DOIs	https://doi.org/10.1016/0165-1765(93)90054-G
State	Published - 1993

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Income uncertainty, bequests and annuities

Abstract

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