EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 8, Number 3, Year 2020

ANALYSIS OF THE INFLUENCE OF THE AVERAGE MONTHLY CONTRIBUTION PER PARTICIPANT OF THE PRIVATELY MANAGED MANDATORY PENSION FUND BRD
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Author(s): Constantin Durac
DOI: 104316/EJAFB.2020.831
Abstract: Starting with the first month of 2018, policy makers have taken measures to reduce the percentage of contributions to privately administered mandatory pension funds (Pillar II) in Romania. In this way, it decreased from 5.1%, as it was at the end of 2017, to 3.75%, starting with January 2018, which negatively affected the evolution of the average contribution / participant to the pension funds from Pillar II. This is why I propose an analysis through a unifactorial model of regression of the influence of the average contribution to a pension fund on the VUAN and thus on the pension that future retirees will receive. from Pillar II. I will try to obtain an econometric model that can be used to make forecasts using specialized software and statistical data published by the Financial Supervisory Authority from 2010-2019.
Keywords: Voluntary Pension Funds; Pilar II; Econometric Model; Linear Regression; Net Asset Value
References:
1. Andrei, T. (2008). Introducere īn Econometrie Utilizānd Eviews. Economic?, Bucharest, Romania.
2. Asteriou, D., Hall, S., G. (2011). Applied Econometrics (Second Ed). New York: Palgrave Macmillan.
3. Baltagi, B. (2011). Econometrics (Fifth Ed). New York: Springer-Verlag Berlin Heidelberg.
4. Cryer, J., Chan, K., S. (2008). Time Series Analysis. Second Edition, Iowa City: Springer Science, Business Media, LLC.
5. Durac, C. (2018). Analysis Of The Influence Of The Annualized Rate Of Rentability On The Unit Value Of The Net Assets Of The Private Administered Pension Fund NN. Journal Finance- Challenges Of The Future, Craiova.
 
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