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Policies That Increase Savings: Private Pension System Implementation In Turkey

Author

Listed:
  • Perihan Hazel Kaya

    (Selcuk University)

  • Mustafa Göktu? Kaya

    (Ministry of Finance of Turkey)

Abstract

In recent years domestic savings rate has shown a marked decline in Turkey. Such falls are effective in the growth of savings-investment gap and so the emergence of large current account deficit. In this context, changes are made in the private pension system in order to increase household savings. The new system aims to increase the savings and sawing owners. Many developing countries, with their reforms in the social security field, put into practice the private pension system in addition to the compulsory public pension system.The purpose of this is to deal the development of the private pension system in Turkey and its contribution to savings. In this direct, firstly, the development of the private pension system in the world is being addressed and later mentioned about development in Turkey. Finally, information is given about impact to savings.

Suggested Citation

  • Perihan Hazel Kaya & Mustafa Göktu? Kaya, 2016. "Policies That Increase Savings: Private Pension System Implementation In Turkey," Proceedings of International Academic Conferences 3606078, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3606078
    as

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    File URL: https://iises.net/proceedings/23rd-international-academic-conference-venice/table-of-content/detail?cid=36&iid=046&rid=6078
    File Function: First version, 2016
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    More about this item

    Keywords

    Private Pension System; Savings; Banking; Turkey;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • D10 - Microeconomics - - Household Behavior - - - General

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