Limited Understanding of Individual Retirement Accounts among Chileans
Author
dc.contributor.author
Martínez Alvear, Claudia
Author
dc.contributor.author
Sahm, Claudia
Admission date
dc.date.accessioned
2017-05-24T20:20:02Z
Available date
dc.date.available
2017-05-24T20:20:02Z
Publication date
dc.date.issued
2009
Cita de ítem
dc.identifier.citation
Series Documentos de Trabajo, No. 296 Julio, 2009
es_ES
Identifier
dc.identifier.uri
https://repositorio.uchile.cl/handle/2250/144089
Abstract
dc.description.abstract
Chileans with more knowledge about the pension system more actively contribute to
and manage their individual retirement accounts. This positive association between
system knowledge and retirement saving remains even after controlling for di§erences
in other relevant attributes, such as Önancial planning horizon, retirement
plan, and risk preference. Furthermore, the members who have the most discretion
with their accounts, such as the self-employed, are often the least knowledgeable
about the pension system. In general, Chileans report a limited understanding of
their retirement account system, and this lack of knowledge appears to impede active
decision-making in the system.
es_ES
Lenguage
dc.language.iso
en
es_ES
Publisher
dc.publisher
Universidad de Chile, Facultad de Economía y Negocios