Disclosure in corporate pension plans using a regression discontinuity design

Yuree Lim

The Quarterly Review of Economics and Finance, 2025, vol. 99, issue C

Abstract: Disclosure affects corporate pension plans’ shrouded fees. Using a 2009 disclosure regulation of pension service providers’ fees and a regression discontinuity (RD) design, we show that pension plans subject to the disclosure requirement are more likely to report increased total administrative fees. The source of these increased fees is an increase in investment advisory and management fees. Our results are robust to various identification tests. Our evidence suggests sizable shrouded fees of approximately $27 per participant in a corporate pension plan.

Keywords: Corporate pensions; Disclosure; Regression discontinuity (search for similar items in EconPapers)
JEL-codes: G11 G23 G32 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S106297692400142X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:quaeco:v:99:y:2025:i:c:s106297692400142x

DOI: 10.1016/j.qref.2024.101936

Access Statistics for this article

The Quarterly Review of Economics and Finance is currently edited by R. J. Arnould and J. E. Finnerty

More articles in The Quarterly Review of Economics and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().