IDEAS home Printed from https://ideas.repec.org/a/ekz/ekonoz/2007215.html
   My bibliography  Save this article

Valoración de la garantía de los planes de pensiones en España

Author

Listed:
  • José Manuel Chamorro Gómez

    (Instituto de Economía Pública. Universidad del País Vasco, UPV-EHU)

Abstract

Many Social Security reforms either encourage or require individuals to switch from a government-run defined benefit pension fund to a privately-run defined contribution system. In this paper, contingent claims analysis is used to price government guarantees on defined contribution pension funds. Two types of guarantees of return for an individual’s pension fund are considered: a fixed minimum rate of return and a minimum rate of return related to the sector’s average return. The values for each of these guarantees are computed for a representative sample of Spanish pension funds.

Suggested Citation

  • José Manuel Chamorro Gómez, 2007. "Valoración de la garantía de los planes de pensiones en España," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 65(02), pages 342-361.
    • Handle: RePEc:ekz:ekonoz:2007215
    as

    Download full text from publisher

    File URL: http://www.ogasun.ejgv.euskadi.eus/r51-k86aekon/es/k86aEkonomiazWar/ekonomiaz/downloadPDF?R01HNoPortal=true&idpubl=60®istro=863
    File Function: complete text
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    aportación definida; garantías gubernamentales; planes de pensiones; tasas de rendimiento;
    All these keywords.

    JEL classification:

    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H4 - Public Economics - - Publicly Provided Goods
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekz:ekonoz:2007215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iñaki Treviño (email available below). General contact details of provider: https://edirc.repec.org/data/debages.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.