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On the inefficiency of pay-as-you-go pension systems in stochastic economies with assets
Böhm, Volker; Hillebrand, Marten - 2007
This paper studies the impact of variations of a pay-as-you-go pension system on welfare in a stochastic overlapping …, for a stationary population, any reduction of contribution rates once and for all leads to a long-run welfare improvement … generated retirement system keeping the welfare losses of current retirees sufficiently small. An unfavorable demographic change …
Persistent link: https://www.econbiz.de/10009452530
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PENSION REFORM IN GEORGIA
Veshapidze, Shota; Karalashvili, Shota - 2018
Persistent link: https://www.econbiz.de/10011861332
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CHALLENGES AND INFLUENCE OF PENSION REFORM: GEORGIAN CASE
Chitishvili, Nika - 2019
The given article below illustrates changes in Georgian pension system. The article gives information about short historical review of Georgian pension scheme and also economical analyze of the new pension system, possible results and challenges that are related to the successful implementation...
Persistent link: https://www.econbiz.de/10012014624
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An estimate of Pension System financial returns
Moraga Fernández, Maria; Ramos, Roberto
Artículo de revista ; This article estimates the financial return provided by the Spanish pension system for a sample of new retirees in 2017, calculated on the basis of the Muestra Continua de Vidas Laborales. The findings show an average real annual return (understood as the discount factor...
Persistent link: https://www.econbiz.de/10012525023
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El sistema de pensiones en España: una actualización tras el impacto de la pandemia: contribución del Banco de España a los trabajos de la Comisión de Seguimiento y Evaluación de l...
Hernández de Cos, Pablo; Banco de España - 2021
En 2017, el Banco de España publicó un documento ocasional (DO 1701) en el que se describía el marco institucional del sistema de pensiones, se presentaban sus principales retos a medio plazo y se analizaban algunas propuestas de reforma. En este nuevo documento, el gobernador actualiza ese...
Persistent link: https://www.econbiz.de/10012525508
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The Spanish pension system: an update in the wake of the pandemic: Banco de España contribution to the Committee on the Monitoring and Assessment of the Toledo Pact Agreements, 2 S...
Hernández de Cos, Pablo; Banco de España - 2021
En 2017, el Banco de España publicó un documento ocasional (DO 1701) en el que se describía el marco institucional del sistema de pensiones, se presentaban sus principales retos a medio plazo y se analizaban algunas propuestas de reforma. En este nuevo documento, el gobernador actualiza ese...
Persistent link: https://www.econbiz.de/10012525515
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Federalism's Impact on Foreign Direct Investment Inflows
Madhu, Aakash - 2009
skills, knowledge, and capital. Multinational corporations (MNCs) are more likely to invest in countries with lower political …
Persistent link: https://www.econbiz.de/10009438695
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An empirical examination of ethical decision making by corporate accountants in Taiwan
Lin, Eng-Lung - 2010
The recent accounting scandals, characterised by the Enron affair, have not been confined to the U.S.A., but have been a worldwide phenomenon, embracing Taiwan. Most of them have involved dysfunctional behaviour incorporating earnings management. The factors which encourage earnings management...
Persistent link: https://www.econbiz.de/10009440850
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The impact of customer-related strategies on shareholder value
Chang, Chen - 2008
Marketing strategy has been justified by a number of criteria, including brand awareness, consumer attitudes, repeat buying and ratings of customer satisfaction; but the existing literature indicates the existence of weak relationships between these variables and sales, and almost no...
Persistent link: https://www.econbiz.de/10009440881
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Capital markets in Malaysia: Corporate finance, investment management, banking and corporate governance
Ariff, Mohamed; Shamsher, Mohamad; Taufiq, Hassan; … - 2008
Extract: The study of emergent capital markets has become an established field of financial research today. In fact there are few research institutes dedicated to this task in the developed countries. This is only natural as the number of emerging capital markets has about doubled in the last...
Persistent link: https://www.econbiz.de/10009441701