Annuity markets in Chile : competition, regulation - and myopia ? / Eduardo Walker

"The author studies annuity rates in Chile and relates them with industry competition. He finds (1) that annuity insurance companies paying higher broker commissions paid lower annuity rates; and (2) a structural break of the long-run elasticity of annuity rates to the risk-free rate in 2001. M...

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Bibliographic Details
Main Authors:Walker Hitschfeld, Eduardo
Corporate Authors:World Bank
Format: Online-Resource
Language:English
Published:[Washington, D.C] : World Bank, 2006
Series:Policy research working paper
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