Rent-Seeking in Private Pensions

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Focusing on the impact of compulsory, privately administered defined contribution pensions, the book critiques how such systems enable rent-seeking behavior among fund administrators, ultimately harming retirees' income and well-being. While centered on Chile, the findings extend to various Latin American and Eastern European nations with similar pension structures. The authors analyze the pension fund industry's structure, pricing, and performance, arguing that state regulation has concentrated capital among administrators and reflects conservative values rather than neoliberal principles.