The effect of private pension funds' bidding on fees and competition
Descripción del Articulo
This paper sheds light on the effect of bidding recent private pension funds on fees and competition. In order to accomplish the latter result, we used panel data of ten Latin American countries organized in quarters from 2005-2015. The reform of the private pension system in some countries in the r...
| Autor: | |
|---|---|
| Formato: | artículo |
| Fecha de Publicación: | 2016 |
| Institución: | Universidad ESAN |
| Repositorio: | ESAN-Institucional |
| Lenguaje: | inglés |
| OAI Identifier: | oai:repositorio.esan.edu.pe:20.500.12640/2438 |
| Enlace del recurso: | https://hdl.handle.net/20.500.12640/2438 https://doi.org/10.15359/eys.21-50.3 |
| Nivel de acceso: | acceso abierto |
| Materia: | DEA Private pension funds Bidding Transfers Fondos privados de pensión Ofertas Transferencias https://purl.org/pe-repo/ocde/ford#5.02.04 |
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Guillén Uyen, Jorge2021-09-30T16:57:59Z2021-09-30T16:57:59Z2016-11-21Guillén Uyen, J. (2016). The effect of private pension funds' bidding on fees and competition. Economía y Sociedad, 21(50), 1-17. https://doi.org/10.15359/eys.21-50.3https://hdl.handle.net/20.500.12640/2438https://doi.org/10.15359/eys.21-50.3This paper sheds light on the effect of bidding recent private pension funds on fees and competition. In order to accomplish the latter result, we used panel data of ten Latin American countries organized in quarters from 2005-2015. The reform of the private pension system in some countries in the region allows for the implementation of a mechanism of auctions on fees to capture new members. The objective of this mechanism was to drop fees and promote competition. We concluded that the effect on fees is successful since fees dropped while the effect on competition is ambiguous according to our panel data model and the measurement of efficiency. Results are relevant to regulate policies in the market of precautionary savingsEste trabajo aclara el efecto de las recientes subastas de fondos privados de pensión en las comisiones y la competencia. Para lograr este último resultado, utilizamos datos de panel organizados por trimestres, de diez países latinoamericanos, de los años 2005-2015. La Reforma del sistema privado de pensiones en algunos países de la región permite la implementación de mecanismos de subastas sobre el precio para captar nuevos afiliados. El objetivo de este mecanismo fue bajar las tarifas e incentivar la competencia. Hemos concluido que el efecto sobre las tarifas es exitoso al bajarlas, mas el efecto sobre la competencia es ambiguo según nuestro modelo de datos de panel y la medición de eficiencia. Los resultados son relevantes para la regulación de las políticas en el mercado de ahorro previsional.application/pdfInglésengUniversidad Nacional de Costa Rica, Escuela de EconomíaCRurn:issn:1409-1070urn:issn:2215-3403https://www.revistas.una.ac.cr/index.php/economia/article/view/8918/10220info:eu-repo/semantics/openAccessAttribution-NonCommercial-ShareAlike 4.0 Internationalhttps://creativecommons.org/licenses/by-nc-sa/4.0/DEAPrivate pension fundsBiddingTransfersDEAFondos privados de pensiónOfertasTransferenciashttps://purl.org/pe-repo/ocde/ford#5.02.04The effect of private pension funds' bidding on fees and competitioninfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoreponame:ESAN-Institucionalinstname:Universidad ESANinstacron:ESANhttps://orcid.org/0000-0002-4511-2108Acceso abiertoEconomía y Sociedad1750121ORIGINALguillen_2016a.pdfguillen_2016a.pdfTexto completoapplication/pdf363054https://repositorio.esan.edu.pe/bitstreams/b0caa32c-7b10-4a20-9b65-782a427fe7a6/download33a435553e53860f035b78cc35c7a7b6MD51trueAnonymousREADTHUMBNAILguillen_2016a.pdf.jpgguillen_2016a.pdf.jpgGenerated Thumbnailimage/jpeg5404https://repositorio.esan.edu.pe/bitstreams/eb0b380a-a4c7-4055-8f7b-37fc3c2a8dee/download748758581bc3b91b235fe713e38e8a32MD55falseAnonymousREADTEXTguillen_2016a.pdf.txtguillen_2016a.pdf.txtExtracted texttext/plain58444https://repositorio.esan.edu.pe/bitstreams/38929827-eee2-41b6-a36b-2ae23f1043d5/download8a43746134a743b2c64ef2020e909072MD54falseAnonymousREAD20.500.12640/2438oai:repositorio.esan.edu.pe:20.500.12640/24382024-11-25 19:41:26.558https://creativecommons.org/licenses/by-nc-sa/4.0/info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.esan.edu.peRepositorio Institucional ESANrepositorio@esan.edu.pe |
| dc.title.en_EN.fl_str_mv |
The effect of private pension funds' bidding on fees and competition |
| title |
The effect of private pension funds' bidding on fees and competition |
| spellingShingle |
The effect of private pension funds' bidding on fees and competition Guillén Uyen, Jorge DEA Private pension funds Bidding Transfers DEA Fondos privados de pensión Ofertas Transferencias https://purl.org/pe-repo/ocde/ford#5.02.04 |
| title_short |
The effect of private pension funds' bidding on fees and competition |
| title_full |
The effect of private pension funds' bidding on fees and competition |
| title_fullStr |
The effect of private pension funds' bidding on fees and competition |
| title_full_unstemmed |
The effect of private pension funds' bidding on fees and competition |
| title_sort |
The effect of private pension funds' bidding on fees and competition |
| author |
Guillén Uyen, Jorge |
| author_facet |
Guillén Uyen, Jorge |
| author_role |
author |
| dc.contributor.author.fl_str_mv |
Guillén Uyen, Jorge |
| dc.subject.en_EN.fl_str_mv |
DEA Private pension funds Bidding Transfers |
| topic |
DEA Private pension funds Bidding Transfers DEA Fondos privados de pensión Ofertas Transferencias https://purl.org/pe-repo/ocde/ford#5.02.04 |
| dc.subject.es_ES.fl_str_mv |
DEA Fondos privados de pensión Ofertas Transferencias |
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https://purl.org/pe-repo/ocde/ford#5.02.04 |
| description |
This paper sheds light on the effect of bidding recent private pension funds on fees and competition. In order to accomplish the latter result, we used panel data of ten Latin American countries organized in quarters from 2005-2015. The reform of the private pension system in some countries in the region allows for the implementation of a mechanism of auctions on fees to capture new members. The objective of this mechanism was to drop fees and promote competition. We concluded that the effect on fees is successful since fees dropped while the effect on competition is ambiguous according to our panel data model and the measurement of efficiency. Results are relevant to regulate policies in the market of precautionary savings |
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2016 |
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2021-09-30T16:57:59Z |
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2021-09-30T16:57:59Z |
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2016-11-21 |
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info:eu-repo/semantics/article |
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Artículo |
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article |
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Guillén Uyen, J. (2016). The effect of private pension funds' bidding on fees and competition. Economía y Sociedad, 21(50), 1-17. https://doi.org/10.15359/eys.21-50.3 |
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https://hdl.handle.net/20.500.12640/2438 |
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https://doi.org/10.15359/eys.21-50.3 |
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Guillén Uyen, J. (2016). The effect of private pension funds' bidding on fees and competition. Economía y Sociedad, 21(50), 1-17. https://doi.org/10.15359/eys.21-50.3 |
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https://hdl.handle.net/20.500.12640/2438 https://doi.org/10.15359/eys.21-50.3 |
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Inglés |
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urn:issn:1409-1070 urn:issn:2215-3403 |
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Universidad Nacional de Costa Rica, Escuela de Economía |
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La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).
La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).
