{"id":"https://openalex.org/W3125831676","doi":"https://doi.org/10.1017/s1474747216000068","title":"The effects of risk aversion and density of contribution on comparisons of administrative charges in individual account pension systems","display_name":"The effects of risk aversion and density of contribution on comparisons of administrative charges in individual account pension systems","publication_year":2016,"publication_date":"2016-04-26","ids":{"openalex":"https://openalex.org/W3125831676","doi":"https://doi.org/10.1017/s1474747216000068","mag":"3125831676"},"language":"en","primary_location":{"id":"doi:10.1017/s1474747216000068","doi":"https://doi.org/10.1017/s1474747216000068","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s1474747216000068","pdf_url":null,"source":{"id":"https://openalex.org/S73680622","display_name":"Journal of Pensions Economics and Finance","issn_l":"1474-7472","issn":["1474-7472","1475-3022"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-4","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Pension Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5088157014","display_name":"Luis Ch\u00e1vez\u2013Bedoya","orcid":"https://orcid.org/0000-0002-0992-9495","observed_orcids":["https://orcid.org/0000-0002-0992-9495"]},"institutions":[{"id":"https://openalex.org/I1291453478","display_name":"Esan University","ror":"https://ror.org/05dm6rc87","country_code":"PE","type":"education","lineage":["https://openalex.org/I1291453478"]}],"countries":["PE"],"is_corresponding":true,"raw_author_name":"LUIS CHAVEZ-BEDOYA","raw_affiliation_strings":["Department of Finance, Esan Graduate School of Business, Lima, Peru (e-mail:"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, Esan Graduate School of Business, Lima, Peru (e-mail:","institution_ids":["https://openalex.org/I1291453478"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5088157014"],"corresponding_institution_ids":["https://openalex.org/I1291453478"],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":1.4126,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":{"value":0.8353923,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":95},"biblio":{"volume":"16","issue":"1","first_page":"1","last_page":"20"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/administrative-charges","display_name":"administrative charges","score":0.7239999771118164},{"id":"https://openalex.org/keywords/defined-contribution-pension-plans","display_name":"defined contribution pension plans","score":0.8130000233650208},{"id":"https://openalex.org/keywords/individual-retirement-accounts","display_name":"individual retirement accounts","score":0.9789999723434448},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.9789999723434448},{"id":"https://openalex.org/keywords/expected-utility","display_name":"expected utility","score":0.7419999837875366},{"id":"https://openalex.org/keywords/terminal-wealth","display_name":"terminal wealth","score":0.8709999918937683}],"concepts":[{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.6853387355804443},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.6734253168106079},{"id":"https://openalex.org/C168031717","wikidata":"https://www.wikidata.org/wiki/Q1530280","display_name":"Balance (ability)","level":2,"score":0.6209670901298523},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6042543649673462},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5205943584442139},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.4266190230846405},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.40563175082206726},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.15061154961585999},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11028677225112915},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.09172552824020386},{"id":"https://openalex.org/C97355855","wikidata":"https://www.wikidata.org/wiki/Q11473","display_name":"Thermodynamics","level":1,"score":0.0724068284034729},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.05392807722091675},{"id":"https://openalex.org/C169760540","wikidata":"https://www.wikidata.org/wiki/Q207011","display_name":"Neuroscience","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1017/s1474747216000068","doi":"https://doi.org/10.1017/s1474747216000068","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s1474747216000068","pdf_url":null,"source":{"id":"https://openalex.org/S73680622","display_name":"Journal of Pensions Economics and Finance","issn_l":"1474-7472","issn":["1474-7472","1475-3022"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-4","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Pension Economics and Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:cup:jpenef:v:16:y:2017:i:01:p:1-20_00","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S1474747216000068/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":62,"referenced_works":["https://openalex.org/W52515564","https://openalex.org/W119940618","https://openalex.org/W139679056","https://openalex.org/W175307890","https://openalex.org/W606330816","https://openalex.org/W1481739313","https://openalex.org/W1487185534","https://openalex.org/W1516265975","https://openalex.org/W1536179569","https://openalex.org/W1538443123","https://openalex.org/W1547231968","https://openalex.org/W1550058874","https://openalex.org/W1569845859","https://openalex.org/W1585814524","https://openalex.org/W1591240051","https://openalex.org/W1596475165","https://openalex.org/W1598295441","https://openalex.org/W1796213753","https://openalex.org/W1802933059","https://openalex.org/W1922627469","https://openalex.org/W1924913402","https://openalex.org/W1934460263","https://openalex.org/W1969948172","https://openalex.org/W1972115786","https://openalex.org/W1974689548","https://openalex.org/W1987528389","https://openalex.org/W1999765572","https://openalex.org/W2007785900","https://openalex.org/W2022593559","https://openalex.org/W2031499447","https://openalex.org/W2035021579","https://openalex.org/W2047135749","https://openalex.org/W2053808796","https://openalex.org/W2053921890","https://openalex.org/W2067037593","https://openalex.org/W2067978582","https://openalex.org/W2080810730","https://openalex.org/W2084554488","https://openalex.org/W2084889689","https://openalex.org/W2086101105","https://openalex.org/W2092535969","https://openalex.org/W2104773856","https://openalex.org/W2109486589","https://openalex.org/W2113155572","https://openalex.org/W2113610106","https://openalex.org/W2120691036","https://openalex.org/W2124640999","https://openalex.org/W2124861173","https://openalex.org/W2126639483","https://openalex.org/W2140481308","https://openalex.org/W2144526740","https://openalex.org/W2158766708","https://openalex.org/W2165121702","https://openalex.org/W2170822848","https://openalex.org/W2177864087","https://openalex.org/W2799620663","https://openalex.org/W2807094733","https://openalex.org/W2970576388","https://openalex.org/W3122130270","https://openalex.org/W3123557731","https://openalex.org/W3124684532","https://openalex.org/W3190727455"],"related_works":["https://openalex.org/W1661879021","https://openalex.org/W3119345031","https://openalex.org/W2302696236","https://openalex.org/W2469997743","https://openalex.org/W2547993824","https://openalex.org/W2890363063","https://openalex.org/W1807254673","https://openalex.org/W4302344476","https://openalex.org/W2145744078","https://openalex.org/W4322630525"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"paper":[2],"studies":[3],"the":[4,26,42,53,59,67,76,79,92,101,115,128],"effects":[5],"of":[6,11,16,29,37,45,83,117,127],"risk":[7,46],"aversion":[8,47],"and":[9,22,49,111,113],"density":[10],"contribution":[12],"(DoC)":[13],"on":[14,19,61,69,109,119],"comparisons":[15,73,121],"proportional":[17],"charges":[18,51,108],"flow":[20,70,110],"(contributions)":[21],"balance":[23,62,112],"(assets)":[24],"during":[25],"accumulation":[27],"phase":[28],"a":[30,35],"defined-contribution":[31],"pension":[32],"plan":[33],"in":[34],"system":[36],"individual":[38],"retirement":[39],"accounts.":[40],"If":[41],"participant's":[43],"degree":[44],"increases":[48],"both":[50],"yield":[52],"same":[54],"expected":[55,81],"terminal":[56,84],"wealth,":[57],"then":[58],"charge":[60,68],"improves":[63],"with":[64],"respect":[65],"to":[66,91],"when":[71],"performing":[72],"that":[74,100,114],"examine":[75],"ratio":[77],"between":[78],"resulting":[80],"utilities":[82],"wealth.":[85],"When":[86],"this":[87],"methodology":[88],"is":[89,122],"applied":[90],"Peruvian":[93],"Private":[94],"Pension":[95],"System,":[96],"empirical":[97],"results":[98],"demonstrate":[99],"aforementioned":[102],"result":[103],"also":[104],"holds":[105],"for":[106,125],"arbitrary":[107],"effect":[116],"DoC":[118],"these":[120],"nearly":[123],"negligible":[124],"most":[126],"assessed":[129],"scenarios.":[130]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2016,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2021-02-01T00:00:00"}