Evidence on Annuity Choices in Chile
This study analyzes the empirical determinants of the annuity choice using data on retirees from the Chilean labor market. We find that sales agents, knowledge about the pension system, and greater education will be associated with an increase in the annuitization probability. Also, we expect that p...
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| Format: | Article |
| Language: | English |
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Universidad de Chile
2012-02-01
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| Series: | Estudios de Administración |
| Online Access: | https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56380 |
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doaj-65b72d47786d4a029f43f662182ae0082020-11-25T01:25:40ZengUniversidad de ChileEstudios de Administración0717-06530719-08162012-02-01191336410.5354/0719-0816.2012.5638056380Evidence on Annuity Choices in ChileJosé Luis Ruiz0Universidad de ChileThis study analyzes the empirical determinants of the annuity choice using data on retirees from the Chilean labor market. We find that sales agents, knowledge about the pension system, and greater education will be associated with an increase in the annuitization probability. Also, we expect that people in poor health are less likely to annuitize, which is supportive of the traditional view of adverse selection in the annuity market. Finally, we analyze the effects on annuity choices of the introduction of a Minimum Pension Guarantee.https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56380 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
José Luis Ruiz |
| spellingShingle |
José Luis Ruiz Evidence on Annuity Choices in Chile Estudios de Administración |
| author_facet |
José Luis Ruiz |
| author_sort |
José Luis Ruiz |
| title |
Evidence on Annuity Choices in Chile |
| title_short |
Evidence on Annuity Choices in Chile |
| title_full |
Evidence on Annuity Choices in Chile |
| title_fullStr |
Evidence on Annuity Choices in Chile |
| title_full_unstemmed |
Evidence on Annuity Choices in Chile |
| title_sort |
evidence on annuity choices in chile |
| publisher |
Universidad de Chile |
| series |
Estudios de Administración |
| issn |
0717-0653 0719-0816 |
| publishDate |
2012-02-01 |
| description |
This study analyzes the empirical determinants of the annuity choice using data on retirees from the Chilean labor market. We find that sales agents, knowledge about the pension system, and greater education will be associated with an increase in the annuitization probability. Also, we expect that people in poor health are less likely to annuitize, which is supportive of the traditional view of adverse selection in the annuity market. Finally, we analyze the effects on annuity choices of the introduction of a Minimum Pension Guarantee. |
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https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56380 |
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