Study of the Dynamics of the Net Asset Value of Voluntary Private Pension Funds under the Influence of the Annualized Rate of Return

Constantin Durac ()
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Constantin Durac: University of Craiova

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 919-929

Abstract: In this article I will start from the idea that “the profitability of an optional private pension fund has repercussions on the unit value of the net asset, which is able to directly influence the level of amounts accumulated in the individual accounts of participants, I consider it useful to know the dependency relationship between the annualized rate of return and the unit value of the net asset†(Durac, 2018). With the help of the software EViews 10+ Student Version Lite I aim to obtain a valid econometric model with which I can forecast the levels of the unit value of the net asset (VUAN) depending on the evolution of the annualized rate of return. After obtaining a valid model, I will forecast the level of the unit value of the net asset for the period 2020-2025 in the conditions in which the annualized rate of return of the fund will keep its evolution trend over the entire forecast period.

Keywords: voluntary pension funds; pilar III; econometric model; linear regression; net asset value (search for similar items in EconPapers)
JEL-codes: G23 G28 G29 (search for similar items in EconPapers)
Date: 2020
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