Pension Savings Investments: Government or Private Sector?

Karen A. Tumanyants (), Igor V. Antonenko (), Ljubov V. Antosik () and Tatyana V. Shlevkova ()
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Karen A. Tumanyants: Volgograd State University, Volgograd 400062, Russia
Igor V. Antonenko: Volgograd State University, Volgograd 400062, Russia
Ljubov V. Antosik: Volgograd State University, Volgograd 400062, Russia
Tatyana V. Shlevkova: Volgograd State University, Volgograd 400062, Russia

Finansovyj žhurnal — Financial Journal, 2017, issue 1, 91-102

Abstract: The article presents the results of a research on investments performance of the public and private pension funds in six countries. The annual rate of return of the private pension funds is one percentage point higher than of public ones. Risk and return/risk coefficient are approximately equal. Taking into account lower costs under the monopolistic state management of pension funds, the authors come to conclusion that in Russia transfering mandatory pension savings into a common pension fund is the most preferable option. Required conditions of public successful pension investments are justified in the paper as well.

Keywords: public pension fund; private pension fund; return; risk; investment; pension savings; asset management (search for similar items in EconPapers)
JEL-codes: G11 G23 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:170107:p:91-102

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