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La tasa de reemplazo en el Sistema Privado de Pensiones
[The replacement rate in the Peruvian private pension system]

Author

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  • Olivera, Javier

Abstract

The aim of this study is to estimate the future amount of pensions and replacement rate of the individuals affiliated in the Peruvian private pension system. I use Montecarlo simulations that consider independent stochastic processes for the return rate, wage growth, and discount rate of the annuities. The results suggest, with conservative assumptions, that the individuals will reach replacement rates somewhat higher than 50%.

Suggested Citation

  • Olivera, Javier, 2002. "La tasa de reemplazo en el Sistema Privado de Pensiones [The replacement rate in the Peruvian private pension system]," MPRA Paper 66517, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66517
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    References listed on IDEAS

    as
    1. Whitehouse, Edward, 2000. "How poor are the old? a survey of evidence from 44 countries," Social Protection Discussion Papers and Notes 23141, The World Bank.
    2. Olivera, Javier, 2002. "Determinantes del nivel de pensiones en el Sistema Privado de Pensiones [Determinants of the pensions in the Peruvian Private Pension System]," MPRA Paper 66683, University Library of Munich, Germany.
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    More about this item

    Keywords

    pensiones; tasa de reemplazo; Peru;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H00 - Public Economics - - General - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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