… allocation of starting wealth and annuity income between housing, nonhousing consumption,
… choice trivial if in ill health. In the event of a move, housing sale proceeds are calculated as …

… health, especially for younger retirees. The portfolio share in housing is negatively related to
health … Finally, out-of-pocket health expenditure as a share of income is negatively related to …

… housing with annuities, RMR and LTCI which are abstracted from in their paper. Finally, we
differ in our explicit treatment of household composition risks (ie singles vs couples). To our …

… cal support are the existence of mental health issues, problems with substance abuse, and
dependency on the care recipient for such factors as housing and income. The attributes of …

… for life care annuities, which combine life annuities and LTC … being at advantaged ages while
keeping housing as a savings … % would opt for LTC-only annuities – which pay out between …

… We show that housing wealth significantly enhances annuity demand when LTCI is not
available. The presence of home equity can increase the optimal annuitization rate as a fraction …

This paper derives optimal equity-bond-annuity portfolios for … health expenses, and differential
Social Security and defined benefit pension coverage. The results show that the health …

… We study the impact of preference parameters and housing wealth on the demand for life
annuities and LTCI in a lifecycle framework. Individual preference is represented by an Epstein-…

… non-housing and housing consumption may be higher in retirement when deferred annuities
and … We also describe annuities, housing, mortgages and home reversion contracts and we …

… , housing consumption and non-housing consumption are … health care costs, with liquid
wealth invested in the risk free asset. To simplify the problem, we do not include life annuities …