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Johnson, Richard W.; Uccello, Cori E.; Goldwyn, Joshua H. – Gerontologist, 2005
Purpose: Retirees in traditional pension plans must generally choose between single life annuities, which provide regular payments until death, and joint and survivor annuities, which pay less each month but continue to make payments to the spouse after the death of the retired worker. This article examines the payout decision and measures the…
Descriptors: Retirement Benefits, Gerontology, Older Adults, Gender Differences