Determining equivalent charges on flow and balance in individual account pension systems

Arenas de Mesa, 2006, The structural pension reform in Chile: Effects, comparisons with other Latin American reforms, and lessons, Oxford Review of Economic Policy, 22, 149, 10.1093/oxrep/grj010 Arrau, 1993 Battocchio, 2004, Optimal asset allocation for pension funds under mortality risk during the accumulation and decumulation phases, Annal of Operations Research, 152, 141, 10.1007/s10479-006-0144-2 Blake, 2000, Measuring value added in the pensions industry, Geneva Papers on Risk and Insurance-Issues and Practice, 25, 539, 10.1111/1468-0440.00081 Blake, 2001, Pensionmetrics: Stochastic pension plan design and value-at-risk during the accumulation phase, Insurance: Mathematics and Economics, 29, 187 Cairns, 2006, Stochastic lifestyling: Optimal dynamic asset allocation for defined contribution pension plans, Journal of Economic Dynamics and Control, 30, 843, 10.1016/j.jedc.2005.03.009 Corvera, 2006 Devesa-Carpio, 2003, Medición y comparación internacional de los costes de administración para el afiliado en las cuentas individuales de capitalización, Revista Española de Financiación y Contabilidad. XXXII, 116, 95, 10.1080/02102412.2003.10779485 Devolder, 2003, Stochastic optimal control of annuity contract, Insurance: Mathematics and Economics, 33, 227 Diamond, 2000, Administrative costs and equilibrium charges with individual accounts, 137 Diamond, 1994, Social security reforms, 257 Edwards, 1998, The Chilean pension reform: A pioneering program, 33 Gao, 2009, Optimal portfolios for DC pension plans under a CEV model, Insurance: Mathematics and Economics, 44, 479 Gerrard, 2004, Optimal investment choices post retirement in a defined contribution pension scheme, Insurance: Mathematics and Economics, 35, 321 Gerrard, 2006, The management of decumulation risk in a defined contribution pension plan, North American Actuarial Journal, 10, 84, 10.1080/10920277.2006.10596241 Gómez-Hernández, 2008 Haberman, 2001, Optimal investment strategies and risk measures in defined contribution pension schemes, Insurance: Mathematics and Economics, 31, 35 Han, 2012, Optimal asset allocation for DC pension plans under inflation, Insurance: Mathematics and Economics, 51, 172 Horneff, 2006 James, 2001 Kay, 2001, Social security in Latin America: Recent reforms and challenges, Federal Reserve Bank of Atlanta Economic Review, 86, 41 Kritzer, 2011, Next generation of individual account pension reforms in Latin America, Social Security Bulletin, 71, 35 Marthans, 2013 Martínez, 2008 Masias, 2007 Mesa-Lago, 2006, Private and public pension systems compared: An evaluation of the Latin American experience, Review of Political Economy, 18, 317, 10.1080/09538250600797768 Murthi, 2001, Administrative costs under a decentralized approach to individual accounts: Lessons from the United Kingdom, 308 Poterba, 2005, Utility evaluation of risk in retirement saving accounts, 13 Queisser, 1998, Regulation and supervision of pension funds: Principles and Practices, International Social Security Review, 51, 39, 10.1111/1468-246X.00011 Shah, 1997 Sinha, 2000 Sinha, 2001, Analyzing management fees of pension funds: A case study of Mexico, Journal of Actuarial Practice, 9, 5 Tapia, 2008 Vigna, 2014, On efficiency of mean-variance based portfolio selection in defined contribution pension schemes, Quantitative Finance, 14, 237, 10.1080/14697688.2012.708778 Whitehouse, 2001, Administrative charges for funded pensions: comparison and assessment of 13 countries, 85 Yang, 2009, The impact of longevity risk on the optimal contribution rate and asset allocation for defined-contribution pension plans, The Geneva Papers on Risk and Insurance-Issues and Practice, 34, 660, 10.1057/gpp.2009.18