Narrow search
Showing 1 - 10 of 781
Cover Image
Valuing Pensions (Annuities) with Different Types of Inflation Protection in Total Compensation Comparisons
Pesando, James E. - 1982
Pensions provided in the public sector are often indexed, while pensions in the private sector typically are not. To conduct the total compensation comparisons that ostensibly guide government pay policy, one must value annuities which differ in their degree of inflation protection. This paper...
Persistent link: https://www.econbiz.de/10012478149
Cover Image
Mutual Funds and Institutional Investments : What is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
James, Estelle - 1999
One of the biggest criticisms leveled at defined contribution individual account (IA) components of social security systems is that they are too expensive. This paper investigates the cost-effectiveness of three options for constructing funded social security pillars: 1) IA's invested in the...
Persistent link: https://www.econbiz.de/10012471752
Cover Image
Coordinated Noise Trading : Evidence from Pension Fund Reallocations
Da, Zhi - 2016
We document a novel channel through which coordinated noise trading exerts externalities on financial markets dominated by institutional investors. We exploit a unique set of events where Chilean pension fund investors followed an influential financial advisory firm that recommended frequent...
Persistent link: https://www.econbiz.de/10012456514
Cover Image
Non-Fundamental Flows and Foreign Exchange Rates
Aldunate, Felipe E.; Da, Zhi; Larrain, Borja; Sialm, Clemens - National Bureau of Economic Research - 2022
Frequent, yet uninformed, fund flows in Chilean pension plans generate substantial trading in currency markets due to the high allocation to international securities. These non-fundamental flows have a significant impact on the Chilean peso, which is estimated to have a relatively low price...
Persistent link: https://www.econbiz.de/10013477245
Cover Image
Fear of Sudden Stops : Lessons from Australia and Chile
Caballero, Ricardo - 2004
vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from …
Persistent link: https://www.econbiz.de/10012468174
Cover Image
A Decade Lost and Found : Mexico and Chile in the 1980s
Bergoeing, Raphael - 2001
Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations … for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a … two countries was the earlier policy reforms in Chile that generated faster productivity growth. The most crucial of these …
Persistent link: https://www.econbiz.de/10012470198
Cover Image
Micro-Evidence on Product and Labor Market Regime Differences between Chile and France
Dobbelaere, Sabien - 2015
using firm-level data in Chile, a non-OECD member under the considered time period, and France. We rely on two extensions of … period 1996-2003 in Chile containing unique data on firm-level output price indices and 14,270 firms over the period 1994 …
Persistent link: https://www.econbiz.de/10012457252
Cover Image
The Economics of the Public Option : Evidence from Local Pharmaceutical Markets
Atal, Juan Pablo; Cuesta, José Ignacio; González, Felipe - National Bureau of Economic Research - 2022
local markets in Chile. Public pharmacies sell the same drugs at a third of private pharmacy prices, because of stronger …
Persistent link: https://www.econbiz.de/10013477271
Cover Image
The Shrinking Advantage of Market Potential
Brülhart, Marius - 2019
How does a country's economic geography evolve along the development path? This paper documents recent employment growth in 18,961 regions in eight of the world's main economies. Overall, market potential is losing importance, and local density is gaining importance, as correlates of local...
Persistent link: https://www.econbiz.de/10012480470
Cover Image
Margins of Multinational Labor Substitution
Muendler, Marc-Andreas - 2009
Employment at multinational enterprises (MNEs) responds to wages at the extensive margin, when an MNE enters a foreign location, and at the intensive margin, when an MNE operates existing affiliates. We present an MNE model and conditions for parametric and nonparametric identification. Prior...
Persistent link: https://www.econbiz.de/10012463871