The present paper estimates the effect over participation outcomes of the new reform to the pension system made in Chile in 2008, using a difference in difference matching estimation. The main results found that the treated group shows a higher withdrawal from the labor market and that they...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

The personal features involved in the incorporation into the labour force are studied, together with how this incorporation is carried out in Galicia. Three logistic regression models are built with this purpose. The first one is an economical activity model, where the probability that a person...