Bernal, Noelia; Olivera, Javier - 2020
pension funds implemented by Peru's government in 2013. The reform established a new balance fee as a default option; this fee … reform has been potentially adverse to 63.1 percent of individuals, of whom 41.4 percent were assigned to the default option … losses and gains due to the reform, which caused greater losses than gains. In particular, younger and poorer individuals, as …