Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under- Annuitization Puzzle

“Why Don’t People Insure Late-Life Consumption? A Framing Explanation of the Under- Annuitization Puzzle,” with Jeffrey Robert Brown, Jeffrey R. Kling, & Marion V. Wrobel, American Economic Review, 98 (2), 2008: 304-09.