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Mit Aktien Effektiv die Altersvorsoge Sichern


  • Urban Bacher

    (Hochschule Pforzheim)


For the past ten years the politicians have been advocating private pension plans and pushing a new system embodied in a range of models, e.g. pensions for the self-employed, for employees, as well as company pension plans. In such cases, the contributions are put into personal accounts and capitalized. Capital accumulation depends predominantly on two factors, namely the yield and the duration. The compound interest effect ensures that long-term saving will result in considerable accumulated capital, which is then paid out as pension. On the other hand, when the final amount has been accumulated, the mathematical effect of compound interest will result in a situation where there are degressive capital requirements for a pension if the duration is considerable.

Suggested Citation

  • Urban Bacher, 2009. "Mit Aktien Effektiv die Altersvorsoge Sichern," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 459-470.
  • Handle: RePEc:osi:journl:v:5:y:2009:p:459-470

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    References listed on IDEAS

    1. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," CEPR Discussion Papers 4767, C.E.P.R. Discussion Papers.
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    More about this item


    capital; interest; private pension plans; capital multipliers; capital requirements;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill


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