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...
Autores principales: | , |
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Formato: | Artículo publishedVersion |
Lenguaje: | Español Inglés |
Publicado: |
Universidad del Pacífico
2016
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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 |
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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 |
work_keys_str_mv |
AT chavezbedoyaluis comparisonbetweenchargesonflowandchargesonbalanceinindividualaccountpensionsystems AT ramirezrondannelson comparisonbetweenchargesonflowandchargesonbalanceinindividualaccountpensionsystems AT chavezbedoyaluis comparaciondecomisionesporflujoyporsaldoensistemasdepensionesconcuentasindividualesdecapitalizacion AT ramirezrondannelson comparaciondecomisionesporflujoyporsaldoensistemasdepensionesconcuentasindividualesdecapitalizacion |
bdutipo_str |
Repositorios |
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1764820438384377856 |