Results 21 to 30 of about 1,273 (145)
The Role of Pension Funds in Financing US Federal Debt
The article examines main trends in financing the federal debt, pointing out its structure, with focus on the role of pension funds as a source of financing; because the surplus of Social Security funds is loaned to the rest of the government; interlinks
P. A. Aksenov, S. V. Emelianov
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During the previous 25 years, the Russian Federation has experienced a chronic shortage of investments in human capital. This deficit was caused by the structural economic crisis and the need to replace the existing mechanisms with market ones.
P. P. Goncharov
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The fiscal gap: An estimate for Russia
The fiscal gap is an indicator of the long-term balance of public finance and is calculated based on the intertemporal government budget constraint, which links government tax revenues and expenditures over long intervals.
Evgeny Goryunov +2 more
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Pension reserve fund, political budget cycles and fiscal illusion
Abstract We model political manipulations of pension reserve funds in a modified Shi and Svensson (2006) political budget cycle (PBC) model. Assuming that a share of voters suffers from fiscal illusion the incumbent can increase her re-election chances by prematurely spending parts of the reserve fund. We also obtain results that are counterintuitive,
Xue Wang, Frank Bohn
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Implementation of the Labor Laws in Indonesia for Formulation of Pension Reserves
This study aims to modify the calculation of severance reserves, the benefits of which are paid in accordance with Law number 6 of 2023 concerning Stipulation of a Substitute Law on Job Creation. This study seeks to modify the Projected Unit Credit calculation technique by considering Pension Constant which consists of Pension Factor, Work Term Reward ...
Fanny Novika +2 more
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Review of Models and New Strategies in Financing of Cooperatives in Iranian Economy [PDF]
The purpose of this paper is review the application of organizational models and new strategies in financing cooperatives in Iran. Therefore, the questionnaire was designed and comments from 31 experts were evaluated Cooperative efforts with results ...
Seyyed Shamseddin Hosseini +2 more
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Addressing Reserves and Pension Funds through Gambler’s Ruin and Generalized Brownian Motion Process
We used the random walk to model the problem of reserves. The classic case of a stochastic process is the example of random walks, which are used to study a set of phenomena and, particularly, as in this article, to study models of reserves evolution. Random walks also allow the construction of significant complex systems and are used as an instrument ...
Ferreira, M. A. M., Filipe, J.
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Financial resilience of municipal civil servants’ pension funds
The objective of this study was to analyze the responses and the repetitive pattern of financial resilience which emerge within the civil servants’ pension funds (RPPS, in Portuguese) of local governments in Brazil.
Diana Vaz de Lima +1 more
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Demand for Life Annuities: a Brazilian Perspective [PDF]
Because pension plans have been marketed using outdated technical premises, Brazilian insurance companies find themselves required to identify additional resources to ensure their ability to meet future benefit payments obligations. When calculating the
Thalita Amorim Vaz +2 more
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Adopting a currency overlay programme: The French Pensions Reserve Fund experience [PDF]
This paper provides a background to implementing a currency overlay programme in a pension fund, through the French Pensions Reserve Fund (FRR) experience. The paper addresses two particular topics. First, it describes how a pension fund needs a ‘currency philosophy’ (on dynamic returns, forex market mechanism etc), as it necessarily deals with the ...
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