Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability of data. The authors use an extensive dataset on individual annuities to examine econometrically a measure of market performance-money's worth ratios (MWRs)-or the ratio of the expected present value of annuity...
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2006/05/01
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Documento de trabalho sobre pesquisa de políticas
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WPS3926
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1
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1
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2010/07/01
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Disclosed
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An analysis of money's worth ratios in Chile
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annuity market
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