Usted está aquí

Back to top

Principal-Agent Problem with Minimum Performance Insurance: The Case of Mandatory Individual Pension Accounts

Juan Manuel
Julio-Román
Jueves, 1 Enero 2009

A minimum performance insurance in the Principal-Agent problem is wealth reducing to the principal. This result points to further inefficiencies in mandatory individual Pension Funds' contracts, particularly the one established in the 1993's 100th Law in