Search results for "pension systems"

showing 6 items of 6 documents

Sustainability of Pension Systems in the Baltic States

2016

Objective: The objective of the paper is to identify how the concept of sustainability is understood and ensured in the pension systems of Estonia, Latvia and Lithuania; and what implications it brings to the performance of pension schemes. Research Design & Methods: Analysis of various conceptual and methodological approaches to the notion of sustainability of pension systems. Comparative analysis of present pension legislation, as well as preceding stage of pension reforms,   accompanied by a number of numerical models. Findings: The understanding of sustainability is limited by narrow ‘fiscal’ meaning in Latvia, compared to more a multifaceted concept that includes the principle of socia…

Baltic Statespension systemsStrategy and ManagementEconomics Econometrics and Finance (miscellaneous)Social sustainabilitylcsh:Social SciencesTvarumasequityNuosavas kapitalaspolicy formulationSocialinė apsauga. Pensijos / Social security. PensionsLietuva (Lithuania)CredibilityEconomicsSustainability organizationsBusiness and International ManagementSustainable developmentFinancePensionEquity (economics)Public economicsbusiness.industryRedistribution (cultural anthropology)sustainabilityPolitika / Politicslcsh:HSustainabilitybusinessPensijos / PensionsEntrepreneurial Business and Economics Review
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Macroeconomic Impact of Pension System Upon Private Pension Funds Scheme. Empirical Evidence from Central and Eastern European Countries

2021

Abstract The significance of retirement savings and private pension funds increased in the latest decades and gathered important amounts of capitals. The purpose of this paper is to investigate the macroeconomic effects of pension systems from an investment perspective in five Central and Eastern European countries. The analyzing process regarding several underlying macroeconomic effects of pension systems started from the premises that there is a strong connection between the structure of pension systems, the national economy and the development of the financial sector. The econometric tests were processed and applied by using pool data regression models and the method Pooled Instrumental …

Economics and EconometricsInvestment strategypension systemsStrategy and Managementmedia_common.quotation_subjectj32PopulationMonetary economicsRegional economics. Space in economics0502 economics and businessEconomicse44investment funds scheme050207 economicsBusiness and International ManagementEmpirical evidenceeducationHB71-74e43media_commonequitiesPensioneducation.field_of_study050208 finance05 social sciencesPrivate pensionInvestment (macroeconomics)Interest rateEastern europeanmacroeconomic effectsEconomics as a scienceHT388FinanceStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice
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Estimation of the Combined Effects of Ageing and Seasonality on Mortality Risk: An Application to Spain

2021

Abstract Despite the overwhelming evidence that shows the persistence of intra-annual variations on demographic events (deaths, birth dates and migration flows), life tables are computed and provided on an annual basis. This paper develops a new estimator for estimating sub-annual death rates that, considering the exact moment of occurrence (exact age and day) of events, concurrently accounts for ageing and calendar fluctuations. This paper also shows how modelling the intra-annual variations of death rates, through specific seasonal–ageing indexes, can be used as a tool for constructing new sub-annual tables from annual tables. This new methodology is exemplified using a real database of S…

Statistics and ProbabilityEstimationEconomics and Econometricspension systemsUNESCO::CIENCIAS ECONÓMICASseasonal–ageing indexesSeasonalityquarterlylife tablesmedicine.disease:CIENCIAS ECONÓMICAS [UNESCO]big microdatamortality ratesAgeingmedicineEconometricsEnvironmental scienceStatistics Probability and UncertaintySocial Sciences (miscellaneous)insuranceJournal of the Royal Statistical Society Series A: Statistics in Society
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Non-Linear Hysteretic Instability in Rotating Machinery

2013

The destabilizing influence of the shaft hysteresis on the supercritical whirl of rotating machines can be efficiently counterbalanced by proper external dissipative sources in the supports and/or anisotropic suspension systems. The hysteretic effect may be treated either by dry or viscous models obtaining different but somehow similar results in the hypothesis of small dissipation levels. Thus the linear viscous assumption is often accepted as a crude approximation for a straightforward analysis of the whirling instability. Nevertheless the internal friction should be regarded most likely as non-linear and could be approximated for example by Coulombian models taking thus into account also the releasing effect of some shrink-fit coupling present in the mechanical assembly.
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Study Regarding the Effects of Demographic Transition on Labor Market and Public Pension System in Central and Eastern Europe

2020

Abstract Population and the quality of labor force are the “strengths” features’ that ensure socio-economic development of a country. The last decades can be characterized as a transitional period, in which countries of European Union and especially the countries of Central and Eastern Europe are facing a demographic decline. Reduced birth rate, ageing and migration are factors’ which create a lot of pressure, both on labor market and public pension systems, items correlated with the population structure. In this paper we have presented the demographic situation and the size of migration in five countries of Central and Eastern Europe. The direct linkage between population structure, labor …

demographyEntrepreneurshipHF5001-6182Social Psychology05 social sciencesEconomics Econometrics and Finance (miscellaneous)050301 educationDemographic transitioncentral and eastern europepublic pension systemsPolitical science0502 economics and businessPublic pensionBusiness Management and Accounting (miscellaneous)BusinessDemographic economics050207 economicsBusiness management0503 educationlabor forceStudies in Business and Economics
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Financial Performance of Mandatory Private Pension Funds in Countries of Central and Eastern Europe. A Comparative Study Between Romania and Slovakia

2020

Decreased birth rate and aging population represent a treat to PAYG public pension systems implemented in countries of Central and Eastern Europe, due to the fact that the financing is direct dependent of the social contributions payed by the taxpayers active on labor market. As solution, World Bank promotes the diversification of funding sources for pension systems and a multi-pillar structure that includes privately managed pension funds. The purpose of this paper is to present how the multi-pillar structure was implemented in Romania and Slovakia, focusing on the evolution and performance of mandatory private pension funds. The main conclusion of this article highlights that in the curre…

reform of pension systemslcsh:HB71-74lcsh:Economics as a scienceprivately managed pension fundscentral and eastern europelcsh:Businesslcsh:HF5001-6182Ovidius University Annals: Economic Sciences Series
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