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Factors behind the administrative fees of private pension systems: an international analysis

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  • TUESTA, DAVID

Abstract

This work has three objectives: first, to provide a comprehensive review of administrative fees; second, to construct a comparative data set for 53 countries; and third, to perform an empirical analysis that highlights the main determinants of pension fees from a world-wide perspective. The paper provides an econometric analysis by using panel data techniques. It finds the greater statistical significance of market size, result that is reinforced by mandatory pension schemes. Other factors, such as structural country conditions, market's vertical integration and the presence of an occupational pension scheme, seem to be less relevant.

Suggested Citation

  • Tuesta, David, 2014. "Factors behind the administrative fees of private pension systems: an international analysis," Journal of Pension Economics and Finance, Cambridge University Press, vol. 13(1), pages 88-111, January.
    • Handle: RePEc:cup:jpenef:v:13:y:2014:i:01:p:88-111_00
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    Cited by:

    1. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2010. "Financing Development: The Role of Information Costs," American Economic Review, American Economic Association, vol. 100(4), pages 1875-1891, September.
    2. Lučivjanská, Katarína & Lyócsa, Štefan & Radvanský, Marek & Širaňová, Mária, 2022. "Return adjusted charge ratios: What drives fees and costs of pension schemes?," Finance Research Letters, Elsevier, vol. 48(C).
    3. Harrison, Rodrigo & Parada-Contzen, Marcela & Villena, Marcelo, 2023. "Can auctions increase competition in the pension funds market? The Chilean experience," Journal of Policy Modeling, Elsevier, vol. 45(5), pages 975-993.
    4. Glenn P. Jenkins & Godwin O Olasehinde-Williams & Roya Amel, 2019. "Private Benefits, Fiscal Costs, and Economic Resource Costs of the Private Defined Contribution Pension Systems in Turkey," Development Discussion Papers 2019-02, JDI Executive Programs.
    5. Sam Flanders & Melati Nungsari & Marcela Parada‐Contzen, 2020. "Pricing schemes and market efficiency in private retirement systems," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(4), pages 1041-1068, August.
    6. Mantilla-García, Daniel & García-Huitrón, Manuel E. & Concha-Perdomo, Alvaro & Aldana-Galindo, Julian R., 2023. "Is my pension fund more expensive? Estimating equivalent assets-based and contribution-based management fees," Journal of Business Research, Elsevier, vol. 167(C).

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