Chapter

Annuities and Retirement Well-Being

Constantijn W. A. Panis

in Pension Design and Structure

Published in print July 2004 | ISBN: 9780199273393
Published online January 2005 | e-ISBN: 9780191601675 | DOI: http://dx.doi.org/10.1093/0199273391.003.0014
Annuities and Retirement Well-Being

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This chapter examines the impact of annuitisation on retirement well-being. It focuses on two measures of well-being: self-reported satisfaction with retirement, and the number of self-reported depressive symptoms. Retirees with greater annuitisation were more satisfied with retirement, and maintained their satisfaction throughout retirement. Retirees without lifelong annuities become less satisfied over the years.

Keywords: retirement; well-being; satisfaction; annuitisation; retirement income

Chapter.  6369 words. 

Subjects: Financial Markets

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