Capital Markets and Aggregate Factors in the Chilean Economy
Author | : Marco Morales |
Publisher | : |
Total Pages | : 188 |
Release | : 2007 |
ISBN-10 | : 1109851618 |
ISBN-13 | : 9781109851618 |
Rating | : 4/5 (618 Downloads) |
Download or read book Capital Markets and Aggregate Factors in the Chilean Economy written by Marco Morales and published by . This book was released on 2007 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second chapter estimates the internal rate of return paid on annuities based on a stylized model of the demand and supply for annuities. The data used in this analysis are company-level. During the 1990s, illegal provision of cash rebates to annuitants played an important role in determining annuity demand. Thereafter, the rate of return on annuities became a more important factor in the market for annuities.