Income uncertainty, bequests and annuities

Michel Strawczynski*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-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 languageAmerican English
Pages (from-to)155-158
Number of pages4
JournalEconomics Letters
Volume42
Issue number2-3
DOIs
StatePublished - 1993

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