Show simple item record

dc.contributor.authorYakymova, Larysa
dc.date.accessioned2022-07-22T06:34:52Z
dc.date.available2022-07-22T06:34:52Z
dc.date.issued2022
dc.identifier.citationYakimova, L. (2022). Modeling the Impact of Crises on Evolution of Pension Systems. In M. Khosrow-Pour (ed.), Research Anthology on Business Continuity and Navigating Times of Crisis (4 Volumes) (V. 1, pp. 178-201). Hershey, PA: IGI Global / Information Resources Management Association. http://dx.doi.org/10.4018/978-1-6684-4503-7.ch010uk_UA
dc.identifier.isbn1668445034
dc.identifier.isbn9781668445044
dc.identifier.isbn9781668445037
dc.identifier.urihttps://www.igi-global.com/gateway/chapter/297304
dc.identifier.urihttps://archer.chnu.edu.ua/xmlui/handle/123456789/4608
dc.description.abstractThe purpose of this chapter is twofold: to assess the relationship of the nonlinear dynamics of pension systems and economic cycles, and to develop a descriptive evolutionary model of the stages of pension systems. Hodrick-Prescott filter is used to identify cycles in the pension and economic dynamics. The study proved empirically that the evolutionary dynamics of pension systems depends on the cyclicity of national and world economies. In addition, the bifurcation points associate with big Kondratiev cycles, and the fluctuations of the indicators of pension systems correlate with the medium-term Juglar cycles. The crisis starts pension reforms. The results of this study indicate that public pension spending growth is countercyclical and coincident indicator relative to the global business cycle in 13 countries from 21 of the OECD countries studied. The amount and volatility of public pension spending depends on the basic pension model and has higher values in Bismarck-model countries.uk_UA
dc.language.isoen_USuk_UA
dc.publisherIGI Global / Information Resources Management Associationuk_UA
dc.subjectpension systems, economic cycles, Hodrick-Prescott filteruk_UA
dc.titleModeling the Impact of Crises on Evolution of Pension Systemsuk_UA
dc.typeBook chapteruk_UA


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record