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Cited by 160

The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.

Behavioral Obstacles in the Annuity Market

Hu, Wei-Yin, Scott, Jason S.·2007·Financial Analysts Journal
DOI 10.2469/faj.v63.n6.4928
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Abstract

As Baby Boomers enter retirement, they will look to the investment industry for ways to generate income from accumulated savings. Why most retirees do not purchase longevity insurance in the form of lifetime annuities is a long-standing puzzle. Mental accounting and loss aversion can explain the unpopularity of annuities by framing them as risky gambles where potential losses loom larger than potential gains. Moreover, behavioral anomalies can explain the prevalence of “period certain” annuities, which guarantee a minimum number of payouts. Finally, investors may prefer “longevity annuities” purchased today to begin payouts in the future to immediate annuities because investors overweight the small probability of living long enough to receive large future payouts.

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Crossref · 10.2469/faj.v63.n6.4928

Cites

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Metadata

Authors
Hu, W.-Y., & Scott, J. S.
Venue
Financial Analysts Journal
Publisher
Informa UK Limited
Published
2007-11
Volume
63
Issue
6
Pages
71-82
ISSN
  • 0015-198X (ISSN-L)
  • 1938-3312
DOI
10.2469/faj.v63.n6.4928
OpenAlex
W2157464012
Cited by
160
References
6
FWCI
16.43
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Behavioral Obstacles in the Annuity Market. https://app.cochat.ai/papers/10.2469/faj.v63.n6.4928
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Hu, W.-Y., & Scott, J. S. (2007). Behavioral Obstacles in the Annuity Market. Financial Analysts Journal. https://doi.org/10.2469/faj.v63.n6.4928

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.