SciELO - Scientific Electronic Library Online

 
vol.21 issue40Determinants of financial information disclosure: A visualization test by cognitive mapping technique author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

  • Have no cited articlesCited by SciELO

Related links

  • Have no similar articlesSimilars in SciELO

Share


Journal of Economics, Finance and Administrative Science

Print version ISSN 2077-1886

Abstract

CHAVEZ-BEDOYA, Luis. Determining equivalent charges on flow and balance in individual account pension systems. Journal of Economics, Finance and Administrative Science [online]. 2016, vol.21, n.40, pp.02-07. ISSN 2077-1886.

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. 

Keywords : Pension fund; Defined benefit; Individual account; Charge on balance; Charge on flow.

        · abstract in Spanish     · text in English     · English ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License