Determinantes del nivel de pensiones en el Sistema Privado de Pensiones

Olivera, Javier (2002): Determinantes del nivel de pensiones en el Sistema Privado de Pensiones. Published in: SBS Documentos de Trabajo No. DT/ 03/2002 (May 2002): pp. 1-19.

Abstract

The aim of this research is to assess the determinants of future pensions in the Peruvian Private Pension System (SPP). For this goal, we describe the process for accumulation of funds (a stochastic Wiener process), income streams and employment spells, and then we perform sensitivity analysis by varying some parameter values. We find that the most important driver of the pension value is the pension fund return.

• Item Type: MPRA Paper
• English Title: Determinants of the pensions in the Peruvian Private Pension System
• Language: Spanish
• Keywords: Pensions, Wiener process, human capital, mortality, Peru
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C15 - Statistical Simulation Methods: General; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; J - Labor and Demographic Economics > J1 - Demographic Economics > J14 - Economics of the Elderly ; Economics of the Handicapped ; Non-Labor Market Discrimination; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity

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