This paper provides the first evidence for discriminatory behaviour against female consumers in the annuity market. It focuses on Chile, where an electronic bidding system allows retirees to receive offers, simultaneously from several firms in the market for the same standardised annuity product. By exploiting within-individual variation in initial offers across firms, this analysis shows that firms with market power offer more unfairly priced annuities to women than to men. This result is driven by highly rated firms. Gender differences in financial literacy can explain why firms find it profitable to offer higher prices to women.

(2023). Gender-based price discrimination in the annuity market: Evidence from Chile [journal article - articolo]. In EUROPEAN ECONOMIC REVIEW. Retrieved from https://hdl.handle.net/10446/233669

Gender-based price discrimination in the annuity market: Evidence from Chile

Bello, Piera
2023-01-01

Abstract

This paper provides the first evidence for discriminatory behaviour against female consumers in the annuity market. It focuses on Chile, where an electronic bidding system allows retirees to receive offers, simultaneously from several firms in the market for the same standardised annuity product. By exploiting within-individual variation in initial offers across firms, this analysis shows that firms with market power offer more unfairly priced annuities to women than to men. This result is driven by highly rated firms. Gender differences in financial literacy can explain why firms find it profitable to offer higher prices to women.
articolo
2023
Bello, Piera
(2023). Gender-based price discrimination in the annuity market: Evidence from Chile [journal article - articolo]. In EUROPEAN ECONOMIC REVIEW. Retrieved from https://hdl.handle.net/10446/233669
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Descrizione: This is an Accepted Manuscript of an article published in European Economic Review on january 2023, available online: https://doi.org/10.1016/j.euroecorev.2022.104356
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/233669
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