PRIVATE PENSION SYSTEM IN ALBANIA

Chile's private pension system at 35: impact and lessons

Public Pension Reforms and Private Savings

The 1999 reforms to the Korea National Pension Scheme resulted in a unique situation, in which those who were insured by the pension scheme and those who were uninsured coexisted. Exploiting this situation, this paper evaluates the effect of public pension on private savings. The estimation results show that the average effect is close to zero. Households with low or very high saving rates were...

Disability benefits for employees in private pension plans.

Although private pension plans are thought of primarily as a source of cash income for the elderly, they typically serve other functions as well . For example, they usually contain early retirement features and often provide pensions to workers who lose their jobs because of disability . The high proportion of pension plans with disability retirement features is dramatized in data from the Bure...

Pension Coverage, Private Saving Decisions and Mandatory Contributions in Chile

Twenty-seven years after switching to a fully-funded privately-managed pension system, Chilean lawmakers are concerned that only 58% of the labor force made contributions in 2000. I develop a dynamic model of the joint husband and wife labor and saving decisions to study whether mandatory contributions affects incentives to choose self-insurance over social insurance. Households face a dual lab...

Pension System Reforms