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, Luis
Formato: artículo
Fecha de Publicación:2016
Institución:Universidad ESAN
Repositorio:Revistas - Universidad ESAN
Lenguaje:inglés
OAI Identifier:oai:ojs.pkp.sfu.ca:article/144
Enlace del recurso:https://revistas.esan.edu.pe/index.php/jefas/article/view/144
Nivel de acceso:acceso abierto
Materia:Pension fund
Defined benefit
Individual account
Charge on balance
Charge on flow
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spelling Determining equivalent charges on flow and balance in individual account pension systemsChávez Bedoya, Luis Pension fundDefined benefitIndividual accountCharge on balanceCharge on flowIn 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. Doi: https://doi.org/10.1016/j.jefas.2016.03.003Universidad ESAN2016-06-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed Articleapplication/pdfhttps://revistas.esan.edu.pe/index.php/jefas/article/view/144Journal of Economics, Finance and Administrative Science; Vol. 21 No. 40 (2016): January - June; 2-7Journal of Economics, Finance and Administrative Science; Vol. 21 Núm. 40 (2016): January - June; 2-72218-06482077-1886reponame:Revistas - Universidad ESANinstname:Universidad ESANinstacron:ESANenghttps://revistas.esan.edu.pe/index.php/jefas/article/view/144/114Copyright (c) 2021 Journal of Economics, Finance and Administrative Sciencehttps://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:ojs.pkp.sfu.ca:article/1442021-11-04T00:32:44Z
dc.title.none.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, Luis
Pension fund
Defined benefit
Individual account
Charge on balance
Charge on flow
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
dc.creator.none.fl_str_mv Chávez Bedoya, Luis
author Chávez Bedoya, Luis
author_facet Chávez Bedoya, Luis
author_role author
dc.subject.none.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
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. Doi: https://doi.org/10.1016/j.jefas.2016.03.003
publishDate 2016
dc.date.none.fl_str_mv 2016-06-01
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.esan.edu.pe/index.php/jefas/article/view/144
url https://revistas.esan.edu.pe/index.php/jefas/article/view/144
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.esan.edu.pe/index.php/jefas/article/view/144/114
dc.rights.none.fl_str_mv Copyright (c) 2021 Journal of Economics, Finance and Administrative Science
https://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Journal of Economics, Finance and Administrative Science
https://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad ESAN
publisher.none.fl_str_mv Universidad ESAN
dc.source.none.fl_str_mv Journal of Economics, Finance and Administrative Science; Vol. 21 No. 40 (2016): January - June; 2-7
Journal of Economics, Finance and Administrative Science; Vol. 21 Núm. 40 (2016): January - June; 2-7
2218-0648
2077-1886
reponame:Revistas - Universidad ESAN
instname:Universidad ESAN
instacron:ESAN
instname_str Universidad ESAN
instacron_str ESAN
institution ESAN
reponame_str Revistas - Universidad ESAN
collection Revistas - Universidad ESAN
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1846878341017108480
score 12.814605
Determining equivalent charges on flow and balance in individual account pension systems
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