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The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011334341
supplementary savings needed to cover it. The issue of pension system income adequacy is first discussed, and the forecasted and … defined and the size of the gap is analyzed. The amount of savings needed to cover the pension gap is then computed. How … changes in the values of particular parameters influence the amount of monthly savings needed to cover the individual pension …
Persistent link: https://www.econbiz.de/10011689455
The aim of this article is to evaluate the effectiveness of voluntary pension savings plans in Poland, based on the …
Persistent link: https://www.econbiz.de/10012104456
Poland's new Employee Capital Plans (PPK) scheme, which is mandatory for employers, started to be implemented in July 2019. The article looks at the systemic solutions applied in the programme from the perspective of the concept of the simultaneous reconstruction of the retirement pension...
Persistent link: https://www.econbiz.de/10012230903
Private pension plans have been growing in importance in recent years as pension reforms all over the world have reduced public pension entitlements. The aim of the research study was to analyze the payments from private pension schemes in OECD countries. On the basis of studies it was found...
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Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
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