risk aversion

Publication date: 3 Aug 2016 | Publication type: National Institute Economic Review | Theme: Macroeconomics | Authors: Van de Ven, J | External authors: Weale, M | JEL classification: D14, D91, J11, J14 | Journal: National Institute Economic Review Issue 237 | Publisher: Sage Publications, London
This paper explores the extent to which annuitants might be prepared to pay for protection against cohort-specific mortality risk, by comparing traditional indexed annuities with annuities whose payout rates are revised in response to differences between expected and actual mortality rates of the...
Publication date: 31 Aug 2010 | Publication type: NIESR Discussion Paper | Authors: Bryson, A | External authors: Freeman, R. | JEL classification: D83; H3; I22; J33; J54 | NIESR discussion paper number: 361
Many firms encourage employees to own company stock through share plans that subsidise the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...