Replication data for: Switching Costs and Competition in Retirement Investment
- Luco, Fernando
AbstractHow do different switching costs affect choices and competition in a private pension system? I answer this question in a setting in which variation in employment status allows me to identify two switching costs that jointly affect enrollees' decisions: the cost of evaluating financial information and the cost of the bureaucratic process that enrollees must navigate when switching. I use this variation to estimate the different switching costs and study their impact on competition among pension funds. I find that though eliminating all switching costs decreases equilibrium fees the most, eliminating either switching cost decreases fees significantly.
Is supplement to
DOI: 10.1257/mic.20160332 (Text)
Luco, Fernando. “Switching Costs and Competition in Retirement Investment.” American Economic Journal: Microeconomics 11, no. 2 (May 2019): 26–54. https://doi.org/10.1257/mic.20160332.
- ID: 10.1257/mic.20160332 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07