Ageing and the Payout Phase of Pensions, Annuities and Financial Markets

Pablo Antolíni iOECD

Organisation for Economic Co-operation and Development

关键词: lump-sums;    insurance companies;    deferred life annuities;    retirement income;    annuity providers;    programmed withdrawal;    annuity markets;    long-term bonds;    defined contribution plans;    longevity risk;    annuities;    longevity-indexed bonds;   

DOI  :  https://doi.org/10.1787/228645045336

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

This paper reviews the impact of ageing on private pensions, in particular on the payout phase, assesses the part that annuities can play in financing retirement, and examines the role of financial markets in facilitating the allocation on assets accumulated in defined contribution pension plans. A comprehensive set of recommendations for discussion is provided at the end of the paper.