THE EFFECT OF PRIVATE PENSION SYSTEM ON NATIONAL SAVINGS: AN EMPIRICAL ANALYSIS
BİREYSEL EMEKLİLİK SİSTEMİNİN ULUSAL TASARRUF ÜZERİNE ETKİSİ: AMPİRİK BİR ANALİZ

Author : Dilek ATILGAN
Number of pages : 480-490

Abstract

The crises in the social security systems of the developed and developing countries led to the start of reform efforts on the social security restructuring in those countries. With the social security reform, the individual pension system, which constitutes a new system that has different application areas according to each country’s structure, emerged. This structure represents a structure that complements the social security system or is alternative to the system and provides individuals with a high level of welfare during retirement. The aim of the study is to analyze the effect of the private pension system on saving in the selected nineteen countries for the period 2006-2016. The panel static data analysis was used to determine the relationship between the variables. After the empiricial implementation, our study found a negative relation between the individual pension system and saving for the selected countries.

Keywords

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