@inbook{c7f55fcfd1004dad8a51368b4b15f246,
title = "Annuity or Lump Sum: Getting Retiring Smokers to Make Better Savings Distribution Decisions",
abstract = "Despite the link between smoking and reduced lifespan, the effect of smoking on retirement savings withdrawal remains understudied. We investigate the impact of various leaflets on smokers{\textquoteright} retirement choices: (a) smoker vs. non-smoker life expectancies, (b) smoking{\textquoteright}s health effects, (c) health impact with government{\textquoteright}s advice to consider health upon retirement, or (d) combined smoker{\textquoteright}s life expectancy and health info. Analyzing data from 2,000 smokers, we find that those informed about smoking{\textquoteright}s lifespan impact, alone or with health consequences, were likelier to opt for lump sum over annuity. This suggests that informing smokers about smoking{\textquoteright}s harms can influence their retirement choices.",
author = "Abigail Hurwitz and Yaniv Hanoch and Andrew Barnes and Orly Sade",
year = "2024",
month = oct,
day = "16",
doi = "10.1142/9789811290633_0007",
language = "English",
isbn = "978-981-12-9062-6",
series = "World Scientific Lecture Notes in Finance",
publisher = "World Scientific Publishing",
pages = "161--183",
editor = "Venezia, { Itzhak } and Rachel Calipha",
booktitle = "Behavioral Finance",
address = "Singapore",
}
