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Microeconomic Determinants of Private Retirement Savings: The Case of Tunisia

Author

Listed:
  • Houda Graiet

    (University of Tunis El Manar, Tunis)

  • Faouzi Jilani

    (University of Tunis El Manar, Tunis)

Abstract

In the last decade, the financial situation of pension funds in Tunisia has worsened because of demographic and economic factors. These changes will make solidarity between generations more difficult and will prompt the government to institute some reforms regulating basic pension. This scenario of probable changes involves voluntary contributions to retirement saving schemes offered by financial institutions in order to supplement future pensions of workers. The aim of this paper is to understand Tunisian working population's savings behaviour, referring, for this purpose, to microeconomic factors, while assessing the current status of life insurance and funded pension schemes in Tunisia. To this end, a survey was carried out on a representative population of Tunisian individuals affiliated to the three main public pension schemes and approached through savings theories and the Life Cycle Model (Modigliani 1954), in particular.

Suggested Citation

  • Houda Graiet & Faouzi Jilani, 2019. "Microeconomic Determinants of Private Retirement Savings: The Case of Tunisia," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 17(1), pages 129-153.
    • Handle: RePEc:seb:journl:v:17:y:2019:i:1:p:129-153
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    References listed on IDEAS

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    More about this item

    Keywords

    Life Insurance; Retirement Savings; Life Cycle Theory;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving

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