Privatized Pension

Dipak Basu and Victoria Miroshnik
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Dipak Basu: Nagasaki University
Victoria Miroshnik: Tsukuba University

Chapter 13 in International Business and Political Economy, 2015, pp 141-143 from Palgrave Macmillan

Abstract: Abstract A proposal to privatize the pension scheme was implemented in India in 2013. The plan is to invest a large portion of the pension fund in the stock market to prop up certain favored companies. The fate of the pension will thus depend on stock-market fluctuations. The employees may gain but may also lose heavily as happened in the wake of the crash of Unit Trust in India about ten years ago.

Keywords: Stock Market; International Business; Mutual Fund; Pension Fund; Pension Scheme (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47486-5_14

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DOI: 10.1057/9781137474865_14

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