The evaluation of ASEAN-members pension scheme performance
This study introduces a comprehensive evaluation tool to study the performance of pension schemes. The Pension Scheme Performance Index (PSP-Index) suggests the following factors: education infrastructure growth rate (Delta V1), training program growth rate (Delta V2), diet improvement growth rate (...
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Main Authors: | , |
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Format: | Article |
Published: |
Springer
2021
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Subjects: | |
Online Access: | http://eprints.um.edu.my/35154/ |
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Institution: | Universiti Malaya |
Summary: | This study introduces a comprehensive evaluation tool to study the performance of pension schemes. The Pension Scheme Performance Index (PSP-Index) suggests the following factors: education infrastructure growth rate (Delta V1), training program growth rate (Delta V2), diet improvement growth rate (Delta V3), health coverage growth rate (Delta V4), life expectancy growth rate (Delta V5), pension coverage growth rate (Delta V6), labor market demand growth rate (Delta V7), total tax collection growth rate (Delta V8), and capital expansion growth rate (V9). PSP-index attempts at the standardization of performance measures that have typically applied in pension schemes irrespective of their type and level of development. The model investigates pension scheme performance of five ASEAN-member countries-Singapore, Malaysia, Indonesia, Thailand, and Philippines. |
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