Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability of data. The authors use a panel of life insurance company data to examine econometrically the main determinants of the annuity rate, defined as the internal rate of return on annuities. The results indicate that...
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详细
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2006/06/01
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政策研究报告
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WPS3929
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1
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1
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2010/07/01
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Disclosed
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An empirical analysis of the annuity rate in Chile
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annuity rate