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Pension system financing schemes in the light of the Aaron-Samuelson condition

  1. TitlePension system financing schemes in the light of the Aaron-Samuelson condition
    Author infoVlastimil Farkašovský
    Author Farkašovský Vlastimil 1988- (100%) UMBEF04 - Katedra financií a účtovníctva
    Source document 18th AMSE Applications of mathematics and statistics in economics : conference proceedings, full text papers : international scientific conference, Jindřichův Hradec 2-6 September 2015. CD-ROM, s. 1-9. - Prague : University of Economics, 2015 / Vltavská Kristýna ; 1954- Hronová Stanislava ; Bašta Milan ; Boďa Martin 1984- ; Bašta Milan ; 18th AMSE international scientific conference
    Keywords Aaron-Samuelsonova podmienka   implicitný výnos   dôchodkové fondy   investičná výnosnosť  
    LanguageEnglish
    CountryCzech Republic
    systematics 336.1/.5
    Annotation10 years ago, Slovak Republic introduced a reform of its pension system. From the system based on intergenerational solidarity, half of pension contributions was transferred to the private accounts managed by Pension management companies (PMC´s). Now, 10 years after reform, one of the most debated question in the Slovak Republic is question of weak performance of the PMC´s. The paper in the first part deals with the long-term forecast of implicit performance of the Pay-as-you-go pension scheme in the Slovakia in the light of the Aaron-Samuelson condition derived from the simple overlapping generations model (OLG model). In the second chapter, the performance of the capitalization pillar of the Slovak pension system is calculated and results of both computation are compared and used for evaluation of the benefit of introducing capitalization pension scheme to the Slovak pension system.
    Public work category AFC
    No. of Archival Copy33848
    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
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