Advanced search
Publication Cover
Applied Economics Letters Volume 28, 2021 - Issue 3
Submit an article Journal homepage
160
Views
2
CrossRef citations to date
0
Altmetric
Research Article

Risk reduction in two-pillar mandatory pension system under regulatory constraints: simulation-based evidence from Poland

Radosław KurachFaculty of Economics and Finance, Wroclaw University of Economics and Business, Wrocław, PolandCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-7869-5602View further author information
ORCID Icon,
Paweł KuśmierczykFaculty of Economics and Finance, Wroclaw University of Economics and Business, Wrocław, PolandORCID Iconhttps://orcid.org/0000-0002-5790-5762View further author information
ORCID Icon &
Daniel PaplaFaculty of Economics and Finance, Wroclaw University of Economics and Business, Wrocław, PolandORCID Iconhttps://orcid.org/0000-0002-7368-0508View further author information
ORCID Icon
Pages 191-195 | Published online: 11 Mar 2020

References

  • Aaron, H. 1966. “The Social Insurance Paradox.” The Canadian Journal of Economics and Political Science 32 (3): 371–374. doi:10.2307/139995.
  • Bodie, Z., R. C. Merton, and W. F. Samuelson. 1992. “Labor Supply Flexibility and Portfolio Choice in a Life Cycle Model.” Journal of Economic Dynamics and Control 16 (3–4): 427–449. doi:10.3386/w3954.
  • Dimson, E., P. Marsh, and M. Staunton. 2008. “The Worldwide Equity Premium: A Smaller Puzzle.” In Handbook of the Equity Risk Premium, edited by R. Mehra, 467–514. Elsevier. doi:10.1016/b978-044450899-7.50023-3.
  • Ervin, D. M., G. K. Faulk, and J. C. Smolira. 2009. “The Impact of Asset Allocation, Savings and Retirement Horizons, Savings Rates, and Social Security Income in Retirement Planning: A Monte Carlo Analysis.” Financial Services Review 18 (4): 313–331.
  • European Commission. 2015. “The 2015 Ageing Report. Economic and Budgetary Projections for the 28 EU Member States (2013–2060).” Brussels: European Commission. Directorate-General for Economic and Financial Affairs.
  • Holzmann, R. 2017. “The ABCs of Nonfinancial Defined Contribution (NDC) Schemes.” International Social Security Review 70 (3): 53–77. doi:10.1111/issr.12142.
  • International Labour Organization. 2012. “Income Security in Old-age, Disability and Death of a Breadwinner.” Social Protection. Accessed November 11 2019 https://www.social-protection.org/gimi/gess/ShowTheme.action?id=21
  • Kurach, R., P. Kuśmierczyk, and D. Papla. 2019. “The Optimal Portfolio for the Two-Pillar Mandatory Pension System: The Case of Poland.” Applied Economics 51 (23): 2552–2565. doi:10.1080/00036846.2018.1556773.
  • Mielczarek, B. 2013. “Simulation Model to Forecast the Consequences of Changes Introduced into the 2nd Pillar of the Polish Pension System.” Economic Modelling 30: 706–714. doi:10.1016/j.econmod.2012.09.053.
  • Samuelson, P. A. 1958. “An Exact Consumption-loan Model of Interest with or without the Social Contrivance of Money.” Journal of Political Economy 66 (6): 467–482. doi:10.1086/258100.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.