Administrative Costs and the Organization of Individual Retirement Account Systems
Author: Estelle James
Publisher: World Bank Publications
Published: 2001
Total Pages: 80
ISBN-13:
DOWNLOAD EBOOKOrganizing individual retirement accounts through the institutional market and with constrained choice could substantially lower administrative costs. The tradeoff: rebidding problems, weaker performance incentives, inflexibility in the face of unforeseen contingencies, and an increased probability of corruption, collusion, and regulatory capture.