CONCEPTUAL FOUNDATIONS OF EFFICIENCY IN PUBLIC PENSIONS

Tsvetelina Nenkova

Business Management, 2013, issue 4, 11

Abstract: This article examines the efficiency of public pensions. The need for an efficiently functioning pension system is highlighted based on the theoretical foundations of pension social security concepts such as: ‘welfare for the elderly’, ‘retirement insurance’ a factor for increasing the ‘productivity of labour’, a form of ‘return on human capital nvestment’, a solution to the ‘prodigal father’ problem and ‘longevity insurance’.

Keywords: old age social security; efficiency in old age social security; economic effect; social effect; efficiency (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:dat:bmngmt:y:2013:i:4:p:11

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