Microeconomic Determinants of Private Retirement Savings: The Case of Tunisia

Houda Graiet and Faouzi Jilani
Additional contact information
Houda Graiet: University of Tunis El Manar, Tunis
Faouzi Jilani: University of Tunis El Manar, Tunis

South-Eastern Europe Journal of Economics, 2019, vol. 17, issue 1, 129-153

Abstract: In the last decade, the financial situation of pension funds in Tunisia has worsened because of demographic and economic factors. These changes will make solidarity between generations more difficult and will prompt the government to institute some reforms regulating basic pension. This scenario of probable changes involves voluntary contributions to retirement saving schemes offered by financial institutions in order to supplement future pensions of workers. The aim of this paper is to understand Tunisian working population's savings behaviour, referring, for this purpose, to microeconomic factors, while assessing the current status of life insurance and funded pension schemes in Tunisia. To this end, a survey was carried out on a representative population of Tunisian individuals affiliated to the three main public pension schemes and approached through savings theories and the Life Cycle Model (Modigliani 1954), in particular.

Keywords: Life Insurance; Retirement Savings; Life Cycle Theory (search for similar items in EconPapers)
JEL-codes: D14 D15 G22 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.asecu.gr/Seeje/issue32/issue32-graiet-jilani.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:17:y:2019:i:1:p:129-153

Access Statistics for this article

More articles in South-Eastern Europe Journal of Economics from Association of Economic Universities of South and Eastern Europe and the Black Sea Region Contact information at EDIRC.
Bibliographic data for series maintained by Ms. Melina Petromelidou ().