Pension funds and national saving
AbstractThe 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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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 3410.
Date of creation: 01 Sep 2004
Date of revision:
Environmental Economics&Policies; Banks&Banking Reform; Payment Systems&Infrastructure; Economic Theory&Research; Contractual Savings; Environmental Economics&Policies; Economic Investment&Savings; Banks&Banking Reform; Economic Theory&Research; Contractual Savings;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-09-30 (All new papers)
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