Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems

In this present article, we develop a discrete-time methodology to comparefront-end load and balance fees in the accumulation phase of a definedcontributionpension fund under a system of individual accounts. Using thismethodology, we study the effect of risk aversion and other relevant variables int...

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Detalles Bibliográficos
Autores principales: Chávez-Bedoya, Luis, Ramírez Rondán, Nelson
Formato: Artículo publishedVersion
Lenguaje:Español
Inglés
Publicado: Universidad del Pacífico 2016
Materias:
Acceso en línea:http://revistas.up.edu.pe/index.php/apuntes/article/view/752
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=article752oai
Aporte de:
id I16-R122-article752oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Español
Inglés
topic Pension funds; front-end load fee; balance fee; individual accounts.
fondos de pensiones; comisión por flujo; comisión por saldo; cuentas individuales de capitalización.
spellingShingle Pension funds; front-end load fee; balance fee; individual accounts.
fondos de pensiones; comisión por flujo; comisión por saldo; cuentas individuales de capitalización.
Chávez-Bedoya, Luis
Ramírez Rondán, Nelson
Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems
topic_facet Pension funds; front-end load fee; balance fee; individual accounts.
fondos de pensiones; comisión por flujo; comisión por saldo; cuentas individuales de capitalización.
description In this present article, we develop a discrete-time methodology to comparefront-end load and balance fees in the accumulation phase of a definedcontributionpension fund under a system of individual accounts. Using thismethodology, we study the effect of risk aversion and other relevant variables inthe performance and suitability of the aforementioned types of fees. Finally, wecarry out a practical application and show the results for the Peruvian PrivatePension System, including indifference values between fees and certaintyequivalent ratios.
format Artículo
publishedVersion
Artículo
publishedVersion
author Chávez-Bedoya, Luis
Ramírez Rondán, Nelson
author_facet Chávez-Bedoya, Luis
Ramírez Rondán, Nelson
author_sort Chávez-Bedoya, Luis
title Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems
title_short Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems
title_full Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems
title_fullStr Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems
title_full_unstemmed Comparison between Charges on Flow and Charges on Balance in Individual-Account Pension Systems
title_sort comparison between charges on flow and charges on balance in individual-account pension systems
publisher Universidad del Pacífico
publishDate 2016
url http://revistas.up.edu.pe/index.php/apuntes/article/view/752
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=article752oai
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