Browsing by Author "Riutort, Julio"
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- ItemPersonalized Information as a Tool to Improve Pension Savings: Results from a Randomized Control Trial in Chile(Univ. Chicago Press, 2024) Fuentes, Olga; Lafortune, Jeanne; Riutort, Julio; Tessada Pinto, José Antonio; Villatoro, FelixForecasting of the outcome of saving for retirement is challenging, particularly for individuals who have limited financial literacy. We explore how reducing that barrier by offering personalized information affects long-term savings. To this end, we randomly offered personalized information or general information within the context of individual retirement accounts in Chile. Personalized information increased voluntary pension savings. Heterogeneity analysis suggests that the updating of priors by information recipients played an important role. However, despite the significant short-term response to the intervention, its temporary nature and limited magnitude are not enough to meaningfully alter the annuity payment that would be obtained from the savings stock.
- ItemRole models or Individual consulting : The impact of personalizing micro-entrepreneurship training(2018) Lafortune, Jeanne; Riutort, Julio; Tessada Pinto, José Antonio
- ItemTAKEOVERS IN THE WORLD AND PRIVATE BENEFITS OF CONTROL UNDER THE VARIOUS REGULATIONS IN FORCE(FONDO CULTURA ECONOMICA, 2015) Patricia Jurfest, Sonia; Paredes, Ricardo D.; Riutort, JulioWe review the corporate takeover regulation in place in the world and find evidence that it is converging from the Market Rule (MR) towards the Equal Opportunity Rule (EOR). The literature on the economic rationale of these rules shows that the Private Benefits of Control (PBC) affect control changes; in particular, the EOR has the potential to preclude inefficient transfers but also to slow down the overall activity of the corporate control market. Jurfest, Paredes and Riutort (2015) proposes a model to estimate the PBC under the different regulations, nesting as a special case the well-known model of Block Premium Barclay and Holderness (1989) and Dyck and Zingales (2004). In this paper we illustrate the applicability and consistency of this model to estimate the PBC under the different regulatory regimes in place and under alternative distributions of the bargaining power of the seller of control.
- ItemThe Effects of Audit Firms Rotation : An Event Study in Chile(2016) Bustos Donoso, Álvaro; Aninat Versluys, Antonio Andrés; Riutort, Julio
- ItemTomas de control en el mundo y beneficios privados del control bajo las distintas regulaciones vigentes(2015) Jurfest, Sonia Patricia; Paredes M., Ricardo; Riutort, Julio