Fettered Consumers and Sophisticated Firms: Evidence from Mexico's Privatized Social Security Market

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The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market (2012, background): “Nonetheless, this evidence does suggest that a broad based program of regulating shrouded fees could have large effects on consumer behavior as theorized by Gabaix and Laibson (2006). One important caveat is we cannot extrapolate to longer time horizons to know whether investors would eventually lea”
FINANCIAL LITERACY, FINANCIAL EDUCATION AND ECONOMIC OUTCOMES (2012, unknown): “Hastings and coauthors (Duarte & Hastings 2012, Hastings et al. 2013a, Hastings 2013) examine Mexico’s experience in privatizing its social security system and draw lessons for policy design.”
Power to Choose? An Analysis of Consumer Inertia in the Residential Electricity Market (2015, background): “[2013], Duarte and Hastings [2012] and Luco [2014].”
Inferior Products and Profitable Deception (2017, methodology): “Using administrative data from the privatized Mexican Social Security system, Duarte and Hastings (2012) show that investors were not sensitive to fees in choosing between funds, leading to high management fees despite apparently strong competition.”