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.File | Dimensione del file | Formato | |
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Bello_5Jan2022_EER.pdf
embargo fino al 15/12/2024
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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postprint - versione referata/accettata senza referaggio
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Creative commons
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