Determining equivalent charges on flow and balance in individual account pension systems

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In this article, we determine a charge on balance that is equivalent to a certain fixed charge on flow for a particular utility–maximizer affiliate participating in a defined-contribution pension fund under the system of individual accounts. We also prove, under market completeness, that the equival...

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Detalles Bibliográficos
Autor: Chávez-Bedoya Mercado, Luis C.
Formato: artículo
Fecha de Publicación:2016
Institución:Universidad ESAN
Repositorio:ESAN-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.esan.edu.pe:20.500.12640/2609
Enlace del recurso:https://revistas.esan.edu.pe/index.php/jefas/article/view/144
https://hdl.handle.net/20.500.12640/2609
https://doi.org/10.1016/j.jefas.2016.03.003
Nivel de acceso:acceso abierto
Materia:Pension fund
Defined benefit
Individual account
Charge on balance
Charge on flow
Fondo de pensiones
Beneficio definido
Cuenta individual
Exacción en el balance
Exacción en el flujo
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spelling Chávez-Bedoya Mercado, Luis C.2021-11-03T20:16:22Z2021-11-03T20:16:22Z2016-06-01https://revistas.esan.edu.pe/index.php/jefas/article/view/144Chávez-Bedoya, L. (2016). Determining equivalent charges on flow and balance in individual account pension systems. Journal of Economics, Finance and Administrative Science, 21(40), 2-7. https://doi.org/10.1016/j.jefas.2016.03.003https://hdl.handle.net/20.500.12640/2609https://doi.org/10.1016/j.jefas.2016.03.003In this article, we determine a charge on balance that is equivalent to a certain fixed charge on flow for a particular utility–maximizer affiliate participating in a defined-contribution pension fund under the system of individual accounts. We also prove, under market completeness, that the equivalent charge on balance depends only on the current level of the charge on flow, the length of the accumulation period and the risk free rate of return.En este artículo se determina una exacción en el balance, que es equivalente a cierta tasa fija en el flujo de una empresa asociada particular maximizadora, que participa en un fondo de pensiones de aportación definida en el sistema de cuentas individuales. También se prueba, en la integridad del mercado, que la exacción de tipo equivalente en el balance depende solo del nivel actual de la tasa en el flujo, la duración del período de acumulación y un tipo de rentabilidad sin riesgo.application/pdfInglésengUniversidad ESAN. ESAN EdicionesPEurn:issn:2218-0648https://revistas.esan.edu.pe/index.php/jefas/article/view/144/114Attribution 4.0 Internationalinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/4.0/Pension fundDefined benefitIndividual accountCharge on balanceCharge on flowFondo de pensionesBeneficio definidoCuenta individualExacción en el balanceExacción en el flujohttps://purl.org/pe-repo/ocde/ford#5.02.04Determining equivalent charges on flow and balance in individual account pension systemsinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoreponame:ESAN-Institucionalinstname:Universidad ESANinstacron:ESANhttps://orcid.org/0000-0002-0992-9495Acceso abiertoJournal of Economics, Finance and Administrative Science740221THUMBNAIL40.jpg40.jpgimage/jpeg363931https://repositorio.esan.edu.pe/bitstreams/3baaf090-24bd-43ac-8a78-bac6897b57e9/download96c242e5549f806ddf9fabe423bd4fe1MD51falseAnonymousREADJEFAS-40-2016-2-7.pdf.jpgJEFAS-40-2016-2-7.pdf.jpgGenerated Thumbnailimage/jpeg5645https://repositorio.esan.edu.pe/bitstreams/2e9080ca-ed06-4a26-8e1e-6ca732082519/download49966ce8b578b7c1c710e2ea46c35004MD54falseAnonymousREADORIGINALJEFAS-40-2016-2-7.pdfTexto completoapplication/pdf443705https://repositorio.esan.edu.pe/bitstreams/01d9697c-0e78-42a1-a9a4-6c37064b4e6c/download53e077159719f5a277d9c29257544f9dMD52trueAnonymousREADTEXTJEFAS-40-2016-2-7.pdf.txtJEFAS-40-2016-2-7.pdf.txtExtracted texttext/plain87263https://repositorio.esan.edu.pe/bitstreams/16819bca-c6ff-4a60-84ee-1bae9ca16145/download00697438abcc401b77cff7dc72aff798MD53falseAnonymousREAD20.500.12640/2609oai:repositorio.esan.edu.pe:20.500.12640/26092025-07-09 09:30:05.353https://creativecommons.org/licenses/by/4.0/Attribution 4.0 Internationalopen.accesshttps://repositorio.esan.edu.peRepositorio Institucional ESANrepositorio@esan.edu.pe
dc.title.en_EN.fl_str_mv Determining equivalent charges on flow and balance in individual account pension systems
title Determining equivalent charges on flow and balance in individual account pension systems
spellingShingle Determining equivalent charges on flow and balance in individual account pension systems
Chávez-Bedoya Mercado, Luis C.
Pension fund
Defined benefit
Individual account
Charge on balance
Charge on flow
Fondo de pensiones
Beneficio definido
Cuenta individual
Exacción en el balance
Exacción en el flujo
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short Determining equivalent charges on flow and balance in individual account pension systems
title_full Determining equivalent charges on flow and balance in individual account pension systems
title_fullStr Determining equivalent charges on flow and balance in individual account pension systems
title_full_unstemmed Determining equivalent charges on flow and balance in individual account pension systems
title_sort Determining equivalent charges on flow and balance in individual account pension systems
author Chávez-Bedoya Mercado, Luis C.
author_facet Chávez-Bedoya Mercado, Luis C.
author_role author
dc.contributor.author.fl_str_mv Chávez-Bedoya Mercado, Luis C.
dc.subject.en_EN.fl_str_mv Pension fund
Defined benefit
Individual account
Charge on balance
Charge on flow
topic Pension fund
Defined benefit
Individual account
Charge on balance
Charge on flow
Fondo de pensiones
Beneficio definido
Cuenta individual
Exacción en el balance
Exacción en el flujo
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.es_ES.fl_str_mv Fondo de pensiones
Beneficio definido
Cuenta individual
Exacción en el balance
Exacción en el flujo
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description In this article, we determine a charge on balance that is equivalent to a certain fixed charge on flow for a particular utility–maximizer affiliate participating in a defined-contribution pension fund under the system of individual accounts. We also prove, under market completeness, that the equivalent charge on balance depends only on the current level of the charge on flow, the length of the accumulation period and the risk free rate of return.
publishDate 2016
dc.date.accessioned.none.fl_str_mv 2021-11-03T20:16:22Z
dc.date.available.none.fl_str_mv 2021-11-03T20:16:22Z
dc.date.issued.fl_str_mv 2016-06-01
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dc.identifier.citation.none.fl_str_mv Chávez-Bedoya, L. (2016). Determining equivalent charges on flow and balance in individual account pension systems. Journal of Economics, Finance and Administrative Science, 21(40), 2-7. https://doi.org/10.1016/j.jefas.2016.03.003
dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/20.500.12640/2609
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1016/j.jefas.2016.03.003
url https://revistas.esan.edu.pe/index.php/jefas/article/view/144
https://hdl.handle.net/20.500.12640/2609
https://doi.org/10.1016/j.jefas.2016.03.003
identifier_str_mv Chávez-Bedoya, L. (2016). Determining equivalent charges on flow and balance in individual account pension systems. Journal of Economics, Finance and Administrative Science, 21(40), 2-7. https://doi.org/10.1016/j.jefas.2016.03.003
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