Paula Lopes-Cocco

Using U.K. microeconomic data, we analyze the empirical determinants of voluntary annuity market demand. We find that annuity market participation...

We investigate whether a rare event (like the default of the annuity provider) can explain the annuity market participation puzzle. High risk aversion...

This paper solves an empirically parameterized model of households’ optimal de- mand for nominal and inflation indexed annuities. The model...