Latin American private pension funds’ vulnerabilities
| dc.contributor.author | Guillén, Jorge | |
| dc.date.accessioned | 2023-02-15T19:08:50Z | |
| dc.date.available | 2023-02-15T19:08:50Z | |
| dc.date.issued | 2011 | |
| dc.description.abstract | In the last years, we have been witnesses of significant large rates of return in most Latin-American private pension fund institutions (PPF). This outstanding performance of funds can be explained by an economic boom in the region. However, these funds have lately been hampered in some countries, something that contrasts with the successful performance of private pension funds’ returns. We measure management performance with the Data Envelopment Analysis (DEA) technique, and test a sample of eight countries in Latin America to determine if there is any vulnerability in the private pension funds. The results are relevant for policy makers and regulators of pension funds. | en_EN |
| dc.description.abstract | Desde hace algunos años hemos sido testigos de un incremento significativo en el rendimiento del portafolio de las administradoras de fondos para el retiro (AFORE). Este notable desempeño de las AFORE se explicaría por un boom económico en la región. Sin embargo, la coyuntura actual ha provocado que los fondos de pensiones se deterioren, lo que contrasta con periodos de auge. En una muestra de ocho países de Latinoamérica utilizamos una medida de eficiencia gerencial, mediante la técnica de Data Envelopment Analysis (DEA) para verificar si existe o no vulnerabilidad en los fondos de pensiones. Los resultados son relevantes para los diseñadores de política y los reguladores de las AFORE. | es_ES |
| dc.format | application/pdf | |
| dc.identifier.citation | Guillén, J. (2011). Latin American private pension funds’ vulnerabilities. Economía Mexicana Nueva Época, 20(2), 357-378. | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12640/3328 | |
| dc.language.iso | eng | |
| dc.publisher | Centro de Investigación y Docencia Ecónomicas | |
| dc.publisher.country | MX | |
| dc.relation.ispartof | urn:issn:1665-2045 | |
| dc.relation.uri | http://www.economiamexicana.cide.edu/num_anteriores/XX-2/04_EM-JorgeGuillen(357-378).pdf | |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | * |
| dc.rights | info:eu-repo/semantics/openAccess | es_ES |
| dc.subject | Data Envelopment Analysis | en_EN |
| dc.subject | Private pension funds | en_EN |
| dc.subject | Return of portfolio | en_EN |
| dc.subject | Análisis Envolvente de Datos | es_ES |
| dc.subject | Fondos privados de pensiones | es_ES |
| dc.subject | Rendimiento de portafolio | es_ES |
| dc.subject.ocde | https://purl.org/pe-repo/ocde/ford#5.02.04 | |
| dc.title | Latin American private pension funds’ vulnerabilities | en_EN |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.other | Artículo | |
| dc.type.version | info:eu-repo/semantics/publishedVersion | |
| local.author.orcid | https://orcid.org/0000-0002-4511-2108 | |
| oaire.citation.endPage | 378 | |
| oaire.citation.issue | 2 | |
| oaire.citation.startPage | 357 | |
| oaire.citation.title | Economía Mexicana Nueva Época | |
| oaire.citation.volume | 20 |
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