The Best of Recent Economic Research

The six academic papers cited here identify several points where, even when we don’t realize it, macroeconomics and personal finance intersect.

Research Roundup

We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'

An Annuity’s ‘Moneyness’? There’s an App for That

How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.

A Chip Off the Old Rock?

Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
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The Best of Recent Economic Research

The six academic papers cited here identify several points where, even when we don’t realize it, macroeconomics and personal finance intersect.

DOL Hears Public Comments on Fiduciary Rule (Again)

Brokers and insurance agents told the Department of Labor to kill the fiduciary rule, but robo-advisors such as Financial Engines and Betterment still favored it, as did private citizens, in over 200 comments on the DOL website this week.

The Dollar as Reserve Currency: Benefit or Burden?

Should the dollar abdicate its role as the lingua franca of money? In this exclusive interview, economist Barry Eichengreen of the University of California, Berkeley offers some much-needed perspective.
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