Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125960439> ?p ?o ?g. }
- W3125960439 abstract "This paper documents consumers’ difficulty valuing life annuities. Using a purpose-built experiment in the American Life Panel, we show that the prices at which people are willing to buy annuities are substantially below the prices at which they are willing to sell them. We also find that buy values are negatively correlated with sell values and that the sell–buy valuation spread is negatively correlated with cognition. This spread is larger for those with less education, weaker numerical abilities, and lower levels of financial literacy. Our evidence contributes to the emerging literature on heterogeneity in financial decision-making abilities, particularly regarding retirement payouts. (JEL: D14, D91, G11, H55)" @default.
- W3125960439 created "2021-02-01" @default.
- W3125960439 creator A5001664022 @default.
- W3125960439 creator A5007804390 @default.
- W3125960439 creator A5035656073 @default.
- W3125960439 creator A5059397539 @default.
- W3125960439 date "2013-06-01" @default.
- W3125960439 modified "2023-09-27" @default.
- W3125960439 title "Cognitive Constraints on Valuing Annuities" @default.
- W3125960439 cites W1484454246 @default.
- W3125960439 cites W149623073 @default.
- W3125960439 cites W1500939973 @default.
- W3125960439 cites W1515845814 @default.
- W3125960439 cites W1568288444 @default.
- W3125960439 cites W1573704094 @default.
- W3125960439 cites W1574791629 @default.
- W3125960439 cites W1580288159 @default.
- W3125960439 cites W1796732405 @default.
- W3125960439 cites W180109504 @default.
- W3125960439 cites W1920469590 @default.
- W3125960439 cites W1966041856 @default.
- W3125960439 cites W1966670743 @default.
- W3125960439 cites W1973641385 @default.
- W3125960439 cites W1988304127 @default.
- W3125960439 cites W1990969594 @default.
- W3125960439 cites W1995683614 @default.
- W3125960439 cites W2031499447 @default.
- W3125960439 cites W2034495184 @default.
- W3125960439 cites W2048976696 @default.
- W3125960439 cites W2061911786 @default.
- W3125960439 cites W2066284161 @default.
- W3125960439 cites W2071163746 @default.
- W3125960439 cites W2072131371 @default.
- W3125960439 cites W2096430819 @default.
- W3125960439 cites W2098695000 @default.
- W3125960439 cites W2102011792 @default.
- W3125960439 cites W2106975706 @default.
- W3125960439 cites W2108755049 @default.
- W3125960439 cites W2109256496 @default.
- W3125960439 cites W2131035125 @default.
- W3125960439 cites W2133364582 @default.
- W3125960439 cites W2134629676 @default.
- W3125960439 cites W2135730135 @default.
- W3125960439 cites W2136621417 @default.
- W3125960439 cites W2137819769 @default.
- W3125960439 cites W2148709190 @default.
- W3125960439 cites W2153697104 @default.
- W3125960439 cites W2155623012 @default.
- W3125960439 cites W2155945157 @default.
- W3125960439 cites W2162840082 @default.
- W3125960439 cites W2165893637 @default.
- W3125960439 cites W2167693882 @default.
- W3125960439 cites W2172106096 @default.
- W3125960439 cites W2211812185 @default.
- W3125960439 cites W2258710063 @default.
- W3125960439 cites W2299448002 @default.
- W3125960439 cites W2480195102 @default.
- W3125960439 cites W2499510941 @default.
- W3125960439 cites W251500395 @default.
- W3125960439 cites W3022196478 @default.
- W3125960439 cites W3025095393 @default.
- W3125960439 cites W3121822376 @default.
- W3125960439 cites W3121947893 @default.
- W3125960439 cites W3122047221 @default.
- W3125960439 cites W3122151075 @default.
- W3125960439 cites W3122169283 @default.
- W3125960439 cites W3122282823 @default.
- W3125960439 cites W3122521378 @default.
- W3125960439 cites W3123023755 @default.
- W3125960439 cites W3123082135 @default.
- W3125960439 cites W3123305063 @default.
- W3125960439 cites W3123479990 @default.
- W3125960439 cites W3123641055 @default.
- W3125960439 cites W3123819827 @default.
- W3125960439 cites W3123956357 @default.
- W3125960439 cites W3123974814 @default.
- W3125960439 cites W3124316748 @default.
- W3125960439 cites W3124326159 @default.
- W3125960439 cites W3124406936 @default.
- W3125960439 cites W3124599935 @default.
- W3125960439 cites W3124610454 @default.
- W3125960439 cites W3124753964 @default.
- W3125960439 cites W3125129652 @default.
- W3125960439 cites W3125281105 @default.
- W3125960439 cites W3125408283 @default.
- W3125960439 cites W3125559759 @default.
- W3125960439 cites W3125685058 @default.
- W3125960439 cites W3125914444 @default.
- W3125960439 cites W3126071966 @default.
- W3125960439 cites W3126123097 @default.
- W3125960439 cites W3147828098 @default.
- W3125960439 cites W563646473 @default.
- W3125960439 cites W77927906 @default.
- W3125960439 cites W84528224 @default.
- W3125960439 cites W940757599 @default.
- W3125960439 doi "https://doi.org/10.3386/w19168" @default.
- W3125960439 hasPublicationYear "2013" @default.
- W3125960439 type Work @default.
- W3125960439 sameAs 3125960439 @default.
- W3125960439 citedByCount "13" @default.