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2015 | 16 | 1 | 147-156

Article title

PENSION FUND MARKETS IN EUROPE. COMPARATIVE ANALYSIS APPLYING SYNTHETIC MEASURE OF DEVELOPMENT

Content

Title variants

Languages of publication

EN

Abstracts

EN
The pension systems in the majority of European states have been reformed because of serious changes in the demographic structure of the populations. Therefore funded pillars have been added to the pension systems. This addi-tional (to pay as you go system) pillar, created by pension funds, is manda-tory in some countries. The investments made by the pension funds influ-ence the development of financial markets and affect the situation in na-tional economies. The aim of the paper is comparative analysis of the pen-sion fund markets in selected European states in the years 2000-2013, using the synthetic measure of development.

Year

Volume

16

Issue

1

Pages

147-156

Physical description

Dates

published
2015

Contributors

  • Department of Econometrics and Statistics, Warsaw University of Life Sciences – SGGW
  • Department of Finance and Strategic Management, University of Lodz

References

  • Feldstein M. (1997) Transition to a Fully Funded Pension System: Five Economic Issues, NBER Working Paper No. 6149, http://www.nber.org/papers/w6149.pdf.
  • Foo J., Witkowska D. (2015) Pension Fund Efficiency Performance between US and Euro-pe, discussion paper, presented at International Atlantic Economic Conference, Milan.
  • Hellwig Z. (1968) Zastosowanie metody taksonomicznej do typologicznego podziału kra-jów ze względu na poziom ich rozwoju oraz zasoby i strukturę wykwalifikowania kadr, Przegląd Statystyczny, nr 4, 307-326.
  • Lewicka-Banaszak E. (2014) Pod prąd. Systemy emerytalne w Unii Europejskiej i wybra-nych krajach OECD, a kierunek zmian w polskich OFE, Biuletyn IGTE, Vol. 1 (1), pp. 12-20.
  • OECD (2013) Pensions at a Glance: OECD and G20 Indicators, © OECD.
  • OECD (2014) Pension Markets in Focus, © OECD.
  • Sinn H. W. (2000) Why a Funded Pension System Is Useful and Why It Is Not Useful, Na-tional Bureau of Economic Research, Working Paper 7592, http://www.nber.org/papers/w7592.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-e5245b56-dec0-413f-9815-e10aa9666d15
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