On Future Pensions From the Second Pillar Pension Funds

Autor:	Algirdas Bartkus
Jazyk:	angličtina
Rok vydání:	2013
Předmět:	second pillar pension funds PAYG pensions unit root tests error correction model cointegration Business HF5001-6182 Economics as a science HB71-74
Zdroj:	Organizations and Markets in Emerging Economies, Vol 4, Iss 1 (2013)
Druh dokumentu:	article
ISSN:	2029-4581 2345-0037
DOI:	10.15388/omee.2013.4.1.14262
Popis:	The main focus of this paper lies in the possibility for particular second pillar pension funds participants to get a higher pension, compared with non-participants. These particular participants are the employees with average wages and average employment history. This analysis is of main importance when it comes to the decision to participate in the second pillar or not. Unit roots tests and cointegration analysis are used as the possible tools to investigate the dynamics of retirement income for participants and non-participants. This research has the intention to determine the conditions when replacement from the second pillar will offset the loss from pay-as-you-go system.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/0f437271d667475bbf4bf62aefd1be22 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF