Seeking solutions to vulnerability in old age: Preferences, constraints, and alternatives for coverage under peru`s pension system

Abigail Barr and Truman Packard

Framed Field Experiments from The Field Experiments Website

Abstract: Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals' preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru's pension system, and draw insights from their affiliation and contribution behavior. Among the unrationed, those who are more tolerant of risk, have more children, and have a greater share of housing in their accumulated assets are less likely to affiliate and/or contribute to the formal pensions system. Further, the less risk tolerant choose private individual retirement accounts over a publicly administered pension system.

Date: 2005
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Working Paper: Seeking solutions to Vulnerability in Old Age: Preferences, constraints, and alternatives for coverage under Peru’s pension system (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:feb:framed:00123

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