English, Article, Journal or magazine article edition: Revealed and Concealed Preferences in the Chilean Pension System: An Experimental Investigation Abigail Barr; Truman Packard

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Bookmark: http://trove.nla.gov.au/version/20485
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Revealed and Concealed Preferences in the Chilean Pension System: An Experimental Investigation
Author
  • Abigail Barr
  • Truman Packard
Physical Description
  • preprint
Notes
  • Using survey data and a field experiment to measure agents` risk and time preferences, we identify the agent-type that is free to reveal its preferences through decisions about pension system participation. Thus, we show that in Chile the appropriate focus for policy makers interested in the welfare-enhancing effects of such participation are the self employed. They are indistinguishable from other economically active agents with respect to time and risk preferences and sort into participants and non-participants in the pension system with reference to those preferences. In contrast, employees are rationed. The more patient and less risk averse self employed participate.
  • field experiment, time preference, risk aversion, pension reform, self employment
  • RePEc:oxf:wpaper:053
Language
  • English
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