Pension Systems, Demographic Change and the Stock Market
نویسندگان
چکیده
منابع مشابه
Technological Change, the Labor market and the Stock Market
This paper presents a model in which a partially anticipated technology shock results, in the short run, in lower investment and higher unemployment. Because of the expectation of future lower proÞts, the market value of existing Þrms and the wages they pay decreases before the new (better) technology becomes available. When the new technology arrives, the market value of new Þrms rises, aver...
متن کاملThe demographic challenge on pension systems: empirical results from Italy
Population ageing in Italy is likely to accelerate in the next four decades. Thus, the proportion of the population over 65 years old is projected to strongly increase shifting from 20 per cent in 2010 to 32 per cent in year 2060 (Demographic Projections EUROPOP2010, released in April 2011 by Eurostat). Declining mortality trends, combined with low fertility rates and the approaching to retirem...
متن کاملTechnological Change and the Stock Market: A Comment
In a recent paper Laitner & Stolyarov (2003) assert that measured Tobin’s q has usually been well above 1, and use this as supporting evidence for their empirical ...nding that there are signi...cant quantities of unrecorded intangible assets. This key feature of q turns out however to be due primarily to the omission of important elements of tangible assets from the denominator. The corrected ...
متن کاملAging and Pension reform with Change contribution rates
Increased life expectancy and reduced fertility rates have led to aging which is one of the main causes of the pension funds imbalances in Iran’s pension funds. In order to resolve these imbalances, some reforms are required. The first option is to use parametric reforms, such as changing contribution rates of the pension system. The purpose of this study is to examine the impact of aging and c...
متن کاملThe nature of Over the Counter market and its distinction from Stock Exchange in Iran and the US Legal systems
Although clause 8 of article 1 of the Securities Market Act has been explained Over the Counter market and defined it to ”an electronic or non-electronic market which implements securities transactions on the basis of negotiations”, according to some changes in the rules and regulations of this section, including approval of Iranian Securities Market Act, The law for Development of New Financia...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Canadian Studies in Population
سال: 2009
ISSN: 1927-629X,0380-1489
DOI: 10.25336/p6w604