Key Findings Details
Pension Reform in Mexico: The Evolution of Pension Fund Management Fees and their Effect on Pension Balances
Emma Aguila, Michael Hurd and Susann Rohwedder
- In 1997 Mexico introduced Personal Retirement Accounts to replace the pay-as-you-go public retirement system.
- We use administrative data to assess how pension fund management fees affect pension accumulations.
- Fees can drain up to a quarter of individuals’ pension savings.