Disclosure in corporate pension plans using a regression discontinuity design

IF 2.9 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-01-01 DOI:10.1016/j.qref.2024.101936

Yuree Lim

引用次数: 0

Abstract

Disclosure affects corporate pension plans’ shrouded fees. Using a 2009 disclosure regulation of pension service providers’ fees and a regression discontinuity (RD) design, we show that pension plans subject to the disclosure requirement are more likely to report increased total administrative fees. The source of these increased fees is an increase in investment advisory and management fees. Our results are robust to various identification tests. Our evidence suggests sizable shrouded fees of approximately $27 per participant in a corporate pension plan.

查看原文本刊更多论文

求助全文

约1分钟内获得全文求助全文

来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.