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metadata language: English

Replication data for: Switching Costs and Competition in Retirement Investment

Version
1
Resource Type
Dataset
Creator
  • Luco, Fernando
Publication Date
2019-05-01
Description
  • Abstract

    How 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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mic.20160332 (Text)
Publications
  • 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

Luco, Fernando (2019): Replication data for: Switching Costs and Competition in Retirement Investment. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116434V1