Personal Retirement Accounts and Saving.
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ABSTRACT:
SUBMITTER: Aguila E
PROVIDER: S-EPMC5345943 | biostudies-literature | 2011 Nov
REPOSITORIES: biostudies-literature
Publications
Personal Retirement Accounts and Saving.
American economic journal. Economic policy 20111101 4
Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings. PRA systems boost private savings at a macro level by converting a government liability into financial wealth managed by private fund managers. However, at a micro level, changes in retirement wealth affect individuals' saving and consumption pattern ...[more]
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