Optimal life insurance and annuity demand under hyperbolic discounting when bequests are luxury goods
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DOI: 10.1016/j.insmatheco.2020.07.003
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Citations
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Cited by:
- Hwang, In Do, 2024.
"Behavioral aspects of household portfolio choice: Effects of loss aversion on life insurance uptake and savings,"
International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1029-1053.
- In Do Hwang, 2017. "Behavioral Aspects of Household Portfolio Choice: Effects of Loss Aversion on Life Insurance Uptake and Savings," Working Papers 2017-8, Economic Research Institute, Bank of Korea.
- Wang, Tao & Chen, Zhiping, 2024. "Optimal portfolio and insurance strategy with biometric risks, habit formation and smooth ambiguity," Insurance: Mathematics and Economics, Elsevier, vol. 118(C), pages 195-222.
- Ropponen, Olli & Kuusi, Tero & Valkonen, Tarmo, 2022. "Mind the Gap – Assessing the Size and Determinants of the Life Insurance Gap," ETLA Working Papers 96, The Research Institute of the Finnish Economy.
- Luo, Shangzhen & Wang, Mingming & Zhu, Wei, 2022. "Time-inconsistent life-cycle consumption and retirement choice with mortality risk," Applied Mathematics and Computation, Elsevier, vol. 433(C).
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More about this item
Keywords
Finance; Annuity puzzle; Hyperbolic discounting; Luxury bequests; Dynamic programming;All these keywords.
JEL classification:
- D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
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