This study examines the impact of tax incentives for long-term savings on total private savings using data for Latvia contained in HFCS 2014 and 2017. The survey shows that contributions to tax-favoured savings plans are not associated with lower consumer spending and therefore do not contribute...

In this study, the level of relationship between the real growth rate (GR) of the stock pension mutual funds that have been involved in the individual pension system and the variables such as the number of fund participants, the real fund returns, fund operating expenses and share of fund assets...

The 2013 pension reform in Lithuania forced workers to choose their level of participation to the second pillar system. Three options were given - a lower contribution rate, a higher contribution rate with governmental subsidy, and to exit from the second pillar system. The aim of this article...

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...

This paper discusses the Poverty Reduction Strategy Paper and National Development Strategy (NDS) for the Republic of Moldova. The NDS “Moldova 2020†presents a vision of cohesive long-term sustainable economic development based on a diagnostic study of constraints to economic...