Pension funds and national saving [electronic resource] / Alberto R. Musalem and Pablo Lopez Murphy.
Material type:
TextSeries: Policy research working papers ; 3410. | World Bank e-LibraryPublication details: [Washington, D.C. : World Bank, 2004]Subject(s): Pension trusts | Saving and investmentAdditional physical formats: Musalem, Alberto R.: Pension funds and national saving.LOC classification: HG3881.5.W57Online resources: Click here to access online Also available in print.Abstract: "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. This paper is a product of the Human Development Group, Middle East and North Africa Region. The study was funded by the Bank's Research Support Budget under the research project "Contractual Savings Institutions and National Saving."--World Bank web site.
Title from PDF file as viewed on 9/23/2004.
Includes bibliographical references.
"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. This paper is a product of the Human Development Group, Middle East and North Africa Region. The study was funded by the Bank's Research Support Budget under the research project "Contractual Savings Institutions and National Saving."--World Bank web site.
Also available in print.
There are no comments on this title.