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Pension Insurance Cohesive Testing System

Author

Listed:
  • Arzybaev, Askarbek

Abstract

Many public pension systems worldwide are experiencing difficult economic period as its economy is in the period of financial crisis which affected to the social budget sustainability. Population aging and last decade economic circumstances are the factors the pension systems should overcome for maintaining either appropriate level of benefit amount for decent life in the developed countries or minimum subsistence allowances in developing and poor countries. The only prescription how to keep the pension system resistible is its periodical renovation by testing the system on (i) soundness and effectiveness within national financial and economic system, (ii) appropriateness of its organization and administration, (iii) compliance of parameters with international standards. The article presents Cohesive Testing System – new method of national pension systems testing and indexing based on international standards of pension security and new CTS indices of the researched set of pension systems.

Suggested Citation

  • Arzybaev, Askarbek, 2015. "Pension Insurance Cohesive Testing System," MPRA Paper 61396, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:61396
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    File URL: https://mpra.ub.uni-muenchen.de/61396/1/MPRA_paper_61396.pdf
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    References listed on IDEAS

    as
    1. Barr, Nicholas, 2001. "The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State," OUP Catalogue, Oxford University Press, number 9780199246595.
    2. Baroni, Elisa, 2007. "Pension Systems and Pension Reform in an Aging Society. An Introduction to the Debate," Arbetsrapport 2007:6, Institute for Futures Studies.
    3. Robert Holzmann, 2000. "The World Bank Approach to Pension Reform," International Social Security Review, John Wiley & Sons, vol. 53(1), pages 11-34, January.
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    Cited by:

    1. Arynbaev, Janybai & Sydykova, Umut & Normatov, Melisbek & Arzybaev, Askarbek & Arzybaev, Atabek, 2024. "The public pension system’s next step reform factors in Kyrgyz Republic," MPRA Paper 122785, University Library of Munich, Germany.

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    JEL classification:

    • G00 - Financial Economics - - General - - - General

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