Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.asieco.2005.08.012
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dc.titleDoes mandatory pension savings crowd out private savings? The experience of Sri Lanka
dc.contributor.authorKarunarathne, W.
dc.contributor.authorAbeysinghe, T.
dc.date.accessioned2011-02-24T06:55:43Z
dc.date.available2011-02-24T06:55:43Z
dc.date.issued2005
dc.identifier.citationKarunarathne, W., Abeysinghe, T. (2005). Does mandatory pension savings crowd out private savings? The experience of Sri Lanka. Journal of Asian Economics 16 (5) : 830-846. ScholarBank@NUS Repository. https://doi.org/10.1016/j.asieco.2005.08.012
dc.identifier.issn10490078
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/20023
dc.description.abstractThe relationship between mandatory pension savings and voluntary household savings is at best uncertain. This is cold comfort for low-income countries which plan to introduce mandatory savings schemes to boost both retirement savings and total savings. More empirical work on low-income countries may help to establish some stylized facts on the savings behavior of households in response to mandatory savings. This paper attempts to shed some light on this issue based on the experience of Sri Lanka, a low-middle income country. We find a significantly negative effect of mandatory EPF savings on non-EPF private savings but suggest that this can be offset, to some degree, through the efficient management of mandatory savings to minimize waste and maximize returns to savings.©2005 Elsevier Inc. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.asieco.2005.08.012
dc.sourceScopus
dc.subjectCrowding out
dc.subjectEPF savings
dc.subjectError correction formulation
dc.subjectMultipliers
dc.subjectNon-EPF savings
dc.subjectReturns to savings
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.asieco.2005.08.012
dc.description.sourcetitleJournal of Asian Economics
dc.description.volume16
dc.description.issue5
dc.description.page830-846
dc.identifier.isiut000213931800007
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