Title
Determining equivalent charges on flow and balance in individual account pension systems
Date Issued
01 June 2016
Access level
open access
Resource Type
journal article
Author(s)
Publisher(s)
Elsevier Doyma
Abstract
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.
Start page
2
End page
7
Volume
21
Issue
40
Language
English
OCDE Knowledge area
Econometría
Subjects
Scopus EID
2-s2.0-84962921381
Source
Journal of Economics, Finance and Administrative Science
ISSN of the container
20771886
Sources of information:
Directorio de Producción Científica
Scopus