Why Don't People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle
从框架效应角度解释为何人们很少购买年金，即为何不把资产转化为晚年稳定收入，对理解消费者金融决策和养老金政策设计有参考价值。
Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle by Jeffrey R. Brown, Jeffrey R. Kling, Sendhil Mullainathan and Marian V. Wrobel. Published in volume 98, issue 2, pages 304-09 of American Economic Review, May 2008