Pension Funds and National Saving
The authors conduct an empirical study on the effect of the accumulation of pension fund financial assets, on national saving, using a panel of 43 industrial, and developing countries. The authors find evidence suggesting that the accumulation of p...
| Main Authors: | , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/09/5163054/pension-funds-national-saving http://hdl.handle.net/10986/14127 |
| Summary: | The authors conduct an empirical study
on the effect of the accumulation of pension fund financial
assets, on national saving, using a panel of 43 industrial,
and developing countries. The authors find evidence
suggesting that the accumulation of pension fund financial
assets might increase national saving, when these funds are
the result of a mandatory pension program. By contrast,
national saving might be unaffected, when pension funds are
the result of a public program, implemented to foster
voluntary pension saving. |
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