Industria de  AFP Chilena: ¿Cuánto Gana y Cuánto Debería Ganar?*

Lopez, Fernando

Industria de AFP Chilena: ¿Cuánto Gana y Cuánto Debería Ganar?

dc.creator	Lopez, Fernando
dc.date	2016-10-21
dc.date.accessioned	2023-09-07T16:20:13Z
dc.date.available	2023-09-07T16:20:13Z
dc.identifier	https://www.rae-ear.org/index.php/rae/article/view/499
dc.identifier.uri	https://revistaschilenas.uchile.cl/handle/2250/233577
dc.description	Over more than two decades, both experts and the public have considered that profits earned by Chilean Pension Fund Administrators (AFP for its acronym in Spanish) are excessively high. However, there is little known about how much the industry should earn in equilibrium. In this paper, I show that the 25.4% return on equity (ROE) earned by the AFP industry over 2006-2015 was 4.8 times as high as the 5.3% that can be explained by its exposure to market risk. In monetary terms, out of the US$ 4.4 billion earned by the AFP industry over the last decade, nearly $ 3.5 billion can be considered as “excessive”.	es-ES
dc.format	application/pdf
dc.language	eng
dc.publisher	Universidad Alberto Hurtado - Facultad de Economía y Negocios	en-US
dc.relation	https://www.rae-ear.org/index.php/rae/article/view/499/585
dc.source	Revista de Análisis Económico ; Vol. 31 Núm. 2 (2016); 102-114	es-ES
dc.source	Economic Analysis Review; Vol. 31 No. 2 (2016); 102-114	en-US
dc.source	0718-8870
dc.source	0716-5927
dc.subject	Chilean Pension Fund Administrators (AFP)	es-ES
dc.subject	AFP’s industry profits	es-ES
dc.subject	competition.	es-ES
dc.title	Industria de AFP Chilena: ¿Cuánto Gana y Cuánto Debería Ganar?*	es-ES
dc.title	Industria de AFP Chilena: ¿Cuánto Gana y Cuánto Debería Ganar?	en-US
dc.type	info:eu-repo/semantics/article
dc.type	info:eu-repo/semantics/publishedVersion

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