Is One Plus One Always Two? Insuring Longevity Risk While Having Multiple Savings Accounts

The authors thank Yaakov Amihud, Shlomo Benartzi, Brent Davis, Avraham Ebenstein, Michal Hodor, Chad Kendall, Moshe (Shiki) Levy, Annamaria Lusardi, Olivia S. Mitchell, Oded Sarig, Judith C. Schneider, Tal Shavit, Beata Shwartz, Federica Teppa, Yishay Yafeh, and participants at the 2019 experimental finance meeting in Copenhagen, the 2020 American Economic Association/Allied Social Science Associations meeting, the 5th annual Chapman Conference on the Experimental and Behavioral Aspects of Financial Markets, the Netspar International Pension Workshop 2020, the 2020 Economic Science Association Global Online Around-the-Clock Meeting, the Data for Policy Conference 2020, the Center for the Economic Analysis of Risk/Munich Risk and Insurance Center Behavioral Insurance Workshop 2022, and the Private and Social Insurance Implications of Demographic Change conference at Goethe University Frankfurt 2022 for comments, as well as seminar participants at the University of Pennsylvania’s Wharton School, University of Connecticut, University of Utah, the College of Management Academic Studies, the Hebrew University of Jerusalem, Bar-Ilan University, Ben-Gurion University of the Negev, Haifa University, IE Madrid, Tel-Aviv University, University of St. Gallen, and Yeshiva University.