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@article{ART002592788},
author={Changseon Lee},
title={An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2020},
volume={31},
number={2},
pages={95-123},
doi={10.23842/jif.2020.31.2.004}

TY - JOUR
AU - Changseon Lee
TI - An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex
JO - Journal of Insurance and Finance
PY - 2020
VL - 31
IS - 2
PB - Korea Insurance Research Institute
SP - 95
EP - 123
SN - 2384-3209
AB - This paper examined determinants of demand on personal pension, focusing on the role of three age factors such as current age, subjective life expectancy and the difference between subjective life expectancy and objective life expectancy. Considering that factors determining pension demand may differ by gender due to economic, social and cultural factors, the analysis was divided into gender. Regression results present that current age is not significantly associated with personal pension among men. However, men are more likely to have personal pension and increase personal pension contributions as they have longer subjective life expectancy and their subjective life expectancy is higher than objective life expectancy. For women, three age factors do not play any role in making decision about personal pension. These results imply that adverse selection may present in annuity market in that men use personal pension to hedge longevity risk.
KW - Personal pension;Subjective life expectancy;Objective life expectancy;Adverse selection
DO - 10.23842/jif.2020.31.2.004
ER -

Changseon Lee. (2020). An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex. Journal of Insurance and Finance, 31(2), 95-123.

Changseon Lee. 2020, "An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex", Journal of Insurance and Finance, vol.31, no.2 pp.95-123. Available from: doi:10.23842/jif.2020.31.2.004

Changseon Lee "An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex" Journal of Insurance and Finance 31.2 pp.95-123 (2020) : 95.

Changseon Lee. An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex. 2020; 31(2), 95-123. Available from: doi:10.23842/jif.2020.31.2.004

Changseon Lee. "An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex" Journal of Insurance and Finance 31, no.2 (2020) : 95-123.doi: 10.23842/jif.2020.31.2.004

Changseon Lee. An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex. Journal of Insurance and Finance, 31(2), 95-123. doi: 10.23842/jif.2020.31.2.004

Changseon Lee. An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex. Journal of Insurance and Finance. 2020; 31(2) 95-123. doi: 10.23842/jif.2020.31.2.004

Changseon Lee. An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex. 2020; 31(2), 95-123. Available from: doi:10.23842/jif.2020.31.2.004

Changseon Lee. "An Analysis of the Association between Subjective Life Expectancy and Personal Pension Purchase by Sex" Journal of Insurance and Finance 31, no.2 (2020) : 95-123.doi: 10.23842/jif.2020.31.2.004