The number of older adults is rising rapidly in China. Various concerns such as chronic diseases, financial inadequacy, and a feeling of loneliness have adversely affected the mental health of older adults, and this has become an important public health ...
Kuang-Cheng Chai, Chai Kuang-Cheng
exaly +3 more sources
The Outlines of a Possible Pension System Funded with Human Capital
The broadly used pay-as-you-go (PAYG) pension system is intrinsically wrong. The essence of the problem is that the PAYG system distributes the yield of raising children, i.e., of human capital investment (which is essentially the pension contribution ...
József Banyar
exaly +3 more sources
Pension Reform, Capital Markets and the Rate of Return [PDF]
Abstract This paper discusses the consequences of population aging and a fundamental pension reform - that is, a shift towards more pre-funding - for capital markets in Germany. We use a stylized closed-economy, overlapping-generations model to compare the effects of the recent German pension reform with those of a more decisive ...
Alexander Ludwig +2 more
exaly +3 more sources
Pension funds and capital market development in Africa: The role of institutional quality
This study investigates the effect of pension funds (PF) and institutional quality (IQ) on capital market development in 48 African countries. Using a system GMM regression, the study found that the interaction between PF and IQ significantly negatively ...
Joshua Yindenaba Abor +2 more
exaly +3 more sources
Does the reform of the phased reduction of the pension insurance contribution rate benefit the labor income share of enterprises? [PDF]
IntroductionThis paper develops a theoretical model to clarify the mechanisms by which pension insurance contribution rate affects the labor income share of enterprises and conducts empirical validation.MethodsUtilizing a difference-in-differences ...
Chengqiang Dou, Ying Liu
doaj +2 more sources
“Pension capital” in representations of large cities residents: the experience of sociological analysis [PDF]
The article discusses the possibility of applying the theories of human and social capital to the sociological study of “pension capital”. The authors methodologically substantiate that “pension social capital” in modern Russia already has certain ...
Vlasova O.I. +2 more
doaj +1 more source
Funded-capitalized pension designs and the demand for minimum pension guarantee [PDF]
Using funded and unfunded pillars, the optimal pension structure is estimated using an over-lapping generation model, calibrated to the average OECD countries. While simulating different pillar sizes, a socio-economic characteristic was revealed in which low-earning groups are prone to unexpected market risks than high-earning cohorts and support a ...
Ishay Wolf +1 more
openaire +4 more sources
Pension Risk and the Sustainable Cost of Capital
The consistent recognition of both explicit short term and implicit long term elements of post-retirement contracts between employees and the firm can have a significant implication for estimating a firms long term sustainable cost of capital. In this paper, we show that the significant levels of investment in company own stock by pension and post ...
exaly +3 more sources
Analysis And Prospects Of Private Pension Funds In Russia
The article under the title "Analysis and prospects of private pension funds in Russia" deals with the pension system of the Russian Federation and the problems that the private pension funds will be facing with the introduction of the new pension reform.
Alexey Pudovkin
doaj +5 more sources
Reaction of Zagreb Stock Exchange CROBEX Index to macroeconomic announcements within a high frequency time interval [PDF]
The purpose of this study is to analyse Zagreb Stock Exchange CROBEX Index reactions to selected macroeconomic announcements within ultra-short time intervals.
Tomasz Schabek +2 more
doaj +1 more source

