Ageing, Pension Reforms and Capital Market Development in the New EU Member States and Other Transition Countries
14 Pages Posted: 9 Jan 2008
Date Written: August 17, 2007
Abstract
We present new data on asset allocations of mandatory pension funds in the new EU member states and in other transition countries. Our comparative national data presents a unique opportunity to compare pension reform progress across these countries from a capital market perspective. Our main finding is that in a number of new EU member states and other transition countries, under-diversification of assets threatens to undermine the impact of multi-pillar reform on fiscal sustainability.
Keywords: Pension reform, Transition economies
JEL Classification: G32, P35
Suggested Citation: Suggested Citation
Almenberg, Johan and Nickel, Christiane, Ageing, Pension Reforms and Capital Market Development in the New EU Member States and Other Transition Countries (August 17, 2007). IFN Policy Paper No. 17, Available at SSRN: https://ssrn.com/abstract=1082007 or http://dx.doi.org/10.2139/ssrn.1082007
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.