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Pension Savings Investments: Government or Private Sector?

Author

Listed:
  • Karen A. Tumanyants

    (Volgograd State University, Volgograd 400062, Russia)

  • Igor V. Antonenko

    (Volgograd State University, Volgograd 400062, Russia)

  • Ljubov V. Antosik

    (Volgograd State University, Volgograd 400062, Russia)

  • Tatyana V. Shlevkova

    (Volgograd State University, Volgograd 400062, Russia)

Abstract

The article presents the results of a research on investments performance of the public and private pension funds in six countries. The annual rate of return of the private pension funds is one percentage point higher than of public ones. Risk and return/risk coefficient are approximately equal. Taking into account lower costs under the monopolistic state management of pension funds, the authors come to conclusion that in Russia transfering mandatory pension savings into a common pension fund is the most preferable option. Required conditions of public successful pension investments are justified in the paper as well.

Suggested Citation

  • Karen A. Tumanyants & Igor V. Antonenko & Ljubov V. Antosik & Tatyana V. Shlevkova, 2017. "Pension Savings Investments: Government or Private Sector?," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 91-102, February.
    • Handle: RePEc:fru:finjrn:170107:p:91-102
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    More about this item

    Keywords

    public pension fund; private pension fund; return; risk; investment; pension savings; asset management;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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