IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/180405p53-61.html
   My bibliography  Save this article

Funded Pension System of Armenia: History of Formation

Author

Listed:
  • Karen R. Tamazyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

  • Arman E. Jhangiryan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

Abstract

The article reviews the Armenian pension system, particularly, funded pension system, its history and necessity of implementation. At the same time, international practices of countries such as Peru and Chile which have undertaken a private pension system are being introduced. Moreover, the authors draw a comparisons between “private” and “state” pensions, considering possible alternatives to the private system. The article includes a brief overview of how funded pension system works, as well as the figures for assets under management for pension funds and their allocation.

Suggested Citation

  • Karen R. Tamazyan & Arman E. Jhangiryan, 2018. "Funded Pension System of Armenia: History of Formation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 53-61, August.
    • Handle: RePEc:fru:finjrn:180405:p:53-61
    DOI: 10.31107/2075-1990-2018-4-53-61
    as

    Download full text from publisher

    File URL: http://www.nifi.ru/images/FILES/Journal/Archive/2018/4/statii_4/05_fm_2018_4.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31107/2075-1990-2018-4-53-61?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Omar S. Arias & Carolina Sánchez-Páramo & María E. Dávalos & Indhira Santos & Erwin R. Tiongson & Carola Gruen & Natasha de Andrade Falcão & Gady Saiovici & Cesar A. Cancho, 2014. "Back to Work : Growing with Jobs in Europe and Central Asia," World Bank Publications - Books, The World Bank Group, number 16570.
    2. Roger Charlton & Roddy McKinnon, 2000. "Beyond mandatory privatization: pensions policy options for developing countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 483-494.
    3. Stephen J. Kay & Barbara E. Kritzer, 2001. "Social security in Latin America: recent reforms and challenges," Economic Review, Federal Reserve Bank of Atlanta, vol. 86(Q1), pages 41-52.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aleksandra Parteka & Joanna Wolszczak-Derlacz, 2020. "Wage response to global production links: evidence for workers from 28 European countries (2005–2014)," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 156(4), pages 769-801, November.
    2. Wojciech Hardy & Roma Keister & Piotr Lewandowski, 2016. "Technology or Upskilling? Trends in the Task Composition of Jobs in Central and Eastern Europe," HKUST IEMS Working Paper Series 2016-40, HKUST Institute for Emerging Market Studies, revised Dec 2016.
    3. World Bank, 2020. "Serbia’s New Growth Agenda," World Bank Publications - Reports 33566, The World Bank Group.
    4. Jaroslav Vostatek, 2015. "Social and Provision Models of Pension Insurance and Savings," ACTA VSFS, University of Finance and Administration, vol. 9(1), pages 74-103.
    5. Emily Sinnott & Maurizio Bussolo & Johannes Koettl, 2015. "Golden Aging," World Bank Publications - Books, The World Bank Group, number 22018.
    6. Antonio Martins-Neto & Nanditha Mathew & Pierre Mohnen & Tania Treibich, 2024. "Is There Job Polarization in Developing Economies? A Review and Outlook," The World Bank Research Observer, World Bank, vol. 39(2), pages 259-288.
    7. Piotr Lewandowski & Roma Keister & Wojciech Hardy & Szymon Gorka, 2017. "Routine and ageing? The Intergenerational Divide In The Deroutinisation Of Jobs In Europe," IBS Working Papers 01/2017, Instytut Badan Strukturalnych.
    8. Lewandowski, Piotr & Keister, Roma & Hardy, Wojciech & Górka, Szymon, 2020. "Ageing of routine jobs in Europe," Economic Systems, Elsevier, vol. 44(4).
    9. World Bank, 2015. "FYR of Macedonia," World Bank Publications - Reports 22504, The World Bank Group.
    10. Arta Mulliqi & Nick Adnett & Mehtap Hisarciklilar & Artane Rizvanolli, 2018. "Human Capital and International Competitiveness in Europe, with Special Reference to Transition Economies," Eastern European Economics, Taylor & Francis Journals, vol. 56(6), pages 541-563, November.
    11. World Bank, 2015. "Searching for a New Silver Age in Russia," World Bank Publications - Reports 22611, The World Bank Group.
    12. Fernandez, Rodrigo & Immervoll, Herwig & Pacifico, Daniele & Thévenot, Céline, 2016. "Faces of Joblessness: Characterising Employment Barriers to Inform Policy," IZA Discussion Papers 9954, Institute of Labor Economics (IZA).
    13. World Bank, 2015. "Promoting Labor Market Participation and Social Inclusion in Europe and Central Asia's Poorest Countries," World Bank Publications - Reports 22501, The World Bank Group.
    14. World Bank Group, 2015. "Skills Gaps and the Path to Successful Skills Development," World Bank Publications - Reports 22487, The World Bank Group.
    15. Luis Chávez-Bedoya & Nelson Ramírez-Rondán, 2014. "Comparando Comisiones por Flujo y Saldo en Fondos de Pensiones con Cuentas Individuales de Capitalización," Working Papers 9, Peruvian Economic Association.
    16. Alina Kulai, 2015. "Integrational Models and Forms of Inter-State Public-Private Partnership: Aspects of Financial Convergence," ACTA VSFS, University of Finance and Administration, vol. 9(1), pages 42-58.
    17. Emilia CLIPICI, 2014. "Considerations Concerning Public Pension System," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 13(2), pages 60-65.
    18. World Bank, 2019. "Bosnia and Herzegovina Growth and Jobs," World Bank Publications - Reports 33834, The World Bank Group.
    19. World Bank Group, 2017. "Promoting Women's Access to Economic Opportunities," World Bank Publications - Reports 29586, The World Bank Group.
    20. Piotr Lewandowski & Albert Park & Simone Schotte, 2020. "The global distribution of routine and non-routine work," IBS Working Papers 06/2020, Instytut Badan Strukturalnych.

    More about this item

    Keywords

    Armenia; pension system; funded pension system; pension shares; pension assets manager;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fru:finjrn:180405:p:53-61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gennady Ageev (email available below). General contact details of provider: https://edirc.repec.org/data/frigvru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.