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Influence of Contribution Rate Dynamics on the Pension Pillar II on the evolution of the unit value of the net assets of the NN pension fund

Author

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  • Constantin Durac

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

As political decision-makers have recently proposed among other measures the reduction in the share of privately managed private pension funds (Pillar II) in Romania from 5.1%, currently at 2.5%, starting with January 2018, I propose to analyze through a unifactorial regression model the influence of the Pillar II contribution share on the unit value of the net asset (VUAN) and thus on the pension that the future pensioners of Pillar II will receive. I'm looking to get an econometric model that can be used to make forecasts and using specialized software to predict the VUAN level on December 31, 2017, given that the share of contributions will remain at 5.1%. At the same time, I intend to predict VUAN for the end of 2018, as from 1 January 2018 the quota will increase to 6%, but also if the quota drops to 2.5%.

Suggested Citation

  • Constantin Durac, 2017. "Influence of Contribution Rate Dynamics on the Pension Pillar II on the evolution of the unit value of the net assets of the NN pension fund," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(45), pages 130-142, November.
    • Handle: RePEc:aio:aucsse:v:1:y:2017:i:45:p:130-142
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    More about this item

    Keywords

    Pilar II; Net Asset Unit Net Value; pension found; econometric model; linear regression.;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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