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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 ...
Kathryn A.A.O Assefuah +3 more
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Pension investment and pension capital as the objects of institutional analysis
This article examines the formation of institutional characteristics of pension investment of the Russian society. The goal lies in substantiation of feasibility of application of the institutional approach to relatively new elements of the Russian pension system – pension investment and formation of pension capital. The author observes the
Olga Ivanovna Vlasova +3 more
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Individual pension capital: Prospects of implementing [PDF]
Subject. The paper examines the Russian pension system. Individual pension capital is an alternative direction to the current system of non-State pension funding. Objectives. The author is to consider the embedding of the individual pension capital concept. He also aims at analyzing the advantages and disadvantages of the concept. Methods.
M. Bundin
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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 +10 more
doaj +2 more sources
Public capital, public pension, and growth [PDF]
This paper constructs an endogenous growth model with overlapping generations, whose engine of economic growth is productive public capital. We investigate a public policy under which the government allocates tax revenue between investment in public capital accumulation and public pension provision.
Noritaka Maebayashi
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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 Banyár
doaj +3 more sources
Fertility, human capital accumulation, and the pension system [PDF]
This paper provides a unified treatment of externalities associated with fertility and human capital accumulation within pas-as-you-go pension systems. It considers an overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being determined endogenously.
Cremer, Helmuth +2 more
openaire +9 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 ...
Axel Börsch-Supan +2 more
exaly +3 more sources
Corporate Governance and Performance of Pension Funds in Ghana: A Mixed-Method Study
This paper assesses the relationship between corporate governance practices and the performance of pension funds in Ghana, which is an emerging market.
Isaac Akomea-Frimpong +3 more
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Pension reform and capital market development in Central and Eastern European countries
The paper provides new empirical evidence for the connection between pension reform and capital market development using a sample of ten Central and Eastern European countries.
Cosmin Enache, Laura Raisa Miloš
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