Browsing by Author "Ramírez Rondán, Nelson"
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Item Open Access Comparación de comisiones por flujo y por saldo en sistemas de pensiones con cuentas individuales de capitalización(Universidad del Pacífico, 2016-05-27) Chávez-Bedoya, Luis; Ramírez Rondán, NelsonIn this present article, we develop a discrete-time methodology to comparefront-end load and balance fees in the accumulation phase of a definedcontributionpension fund under a system of individual accounts. Using thismethodology, we study the effect of risk aversion and other relevant variables inthe performance and suitability of the aforementioned types of fees. Finally, wecarry out a practical application and show the results for the Peruvian PrivatePension System, including indifference values between fees and certaintyequivalent ratios.