Cormac O'Dea
Biographic Data
| ID | 6550728 |
|---|---|
| NAME | Cormac O'Dea |
| GIVEN NAMES | Cormac |
| FAMILY NAME | O'Dea |
| SIGNATURE | DEA C O |
| AFFILIATIONS | Yale University, NBER and Institute for Fiscal Studies |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 2 |
| WORKS AS AUTHOR | 2 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2016 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 1 |
Survival Pessimism and the Demand for Annuities
The “annuity puzzle” refers to the fact that annuities are rarely purchased despite the longevity insurance they provide. Most explanations for this puzzle assume that individuals have accurate expectations about their future survival. We provide evidence that individuals misperceive their mortality risk and study the demand for annuities in a setting where annuities are priced by insurers on the basis of objectively-measured survival probabiliti…
Discount rate heterogeneity among older households
We put forward a method for estimating discount rates using wealth and income data. We build consumption from these data using the budget constraint. Consumption transitions yield discount rates by household groups. Applying this technique to a sample of older households, we find a similar distribution to those previously estimated using field data, though with a much lower mean than those found using experiments. Surprisingly, among this older p…
Discount rate heterogeneity among older households
We put forward a method for estimating discount rates using wealth and income data. We build consumption from these data using the budget constraint. Consumption transitions yield discount rates by household groups. Applying this technique to a sample of older households, we find a similar distribution to those previously estimated using field data, though with a much lower mean than those found using experiments. Surprisingly, among this older p…
Discount rate heterogeneity among older households
We put forward a method for estimating discount rates using wealth and income data. We build consumption from these data using the budget constraint. Consumption transitions yield discount rates by household groups. Applying this technique to a sample of older households, we find a similar distribution to those previously estimated using field data, though with a much lower mean than those found using experiments. Surprisingly, among this older p…
Survival Pessimism and the Demand for Annuities
The “annuity puzzle” refers to the fact that annuities are rarely purchased despite the longevity insurance they provide. Most explanations for this puzzle assume that individuals have accurate expectations about their future survival. We provide evidence that individuals misperceive their mortality risk and study the demand for annuities in a setting where annuities are priced by insurers on the basis of objectively-measured survival probabiliti…
Economics (2 works) · Financial Literacy, Pension, Retirement Analysis (2 works) · Actuarial science (1 work) · Annuity (1 work) · Budget constraint (1 work) · Constraint (computer-aided design (1 work) · Consumption (sociology (1 work) · Demographic economics (1 work) · Demography (1 work) · Demography (1 work)