Pension Funds and National Saving
Pablo Lopez Murphy · Alberto R. Musalem
Jan 2004 · World Bank Publications
Ebook
46
Pages
About this ebook
"Murphy and Musalem conduct an empirical study of 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"--Abstract.
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