Determinantes de la elección de administradora de pensiones en Colombia: primeras estimaciones a partir de agregados
AbstractThis paper is aimed at studying the main determinants of people’s choice of a pension fund manager. By using information of the individual saving system (the private system) between 1998 and 2005, and applying panel cointegration techniques, the paper provides evidence in the sense that the rate of return and the employed population are the main determinants of the number of active participants to the different pension fund managers. The average value of the fund, used as a proxy of other variables such as the manager’s capability to promote their product and contact potential participants, was not significant
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Bibliographic InfoArticle provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.
Volume (Year): (2007)
Issue (Month): 66 (Enero-Junio)
Postal: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.
Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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