文章基本信息

标题：On Future Pensions From the Second Pillar Pension Funds
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作者：Algirdas Bartkus
期刊名称：Organizations and Markets in Emerging Economies
印刷版ISSN：2029-4581
出版年度：2013
卷号：4
期号：1
页码：121-140
DOI：10.15388/omee.2013.4.1.14262
出版社：Vilnius University
摘要：The main focus of this paper lies in the possibility for particular second pillar pension funds participants to get a higher pension, compared with non-participants. These particular participants are the employees with average wages and average employment history. This analysis is of main importance when it comes to the decision to participate in the second pillar or not. Unit roots tests and cointegration analysis are used as the possible tools to investigate the dynamics of retirement income for participants and non-participants. This research has the intention to determine the conditions when replacement from the second pillar will offset the loss from pay-as-you-go system.
关键词：second pillar pension funds; PAYG pensions; unit root tests; error correction model; cointegration