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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
WP 2008-196

  • 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.