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.