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Pensions in Nigeria

The performance of the new system of personal accounts

Dados Bibliográficos

ID9971983
AutoresBernard H Casey, Bernard Casey (0000-0001-5349-3257, Institute for Employment Studies, autor correspondente)
Ano2011
Volume64
Fascículo1
Páginas1-14
Data de publicação2011-01-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoInternational Social Security Review (JOURNAL)
Identificadores do periódicoISSN: 0020-871X • E-ISSN: 1468-246X
EditoraWiley (PUBLISHER • GB)
DOI10.1111/j.1468-246x.2010.01381.x
OpenAlexW2116692420
IdiomaEN
Citações recebidas3
Referências citadas9

In 2004, Nigeria copied the 1981 Chilean pension reform and established a funded system based upon personal accounts. The new system was neither appropriate for a country such as Nigeria, nor did it meet aspirations of improving pension coverage or helping economic growth. The current financial and economic crisis hit the scheme in so far as it hit stock values. However, more important has been the negative real interest rates that can be earned on government bonds and on bank deposits — where the majority of contributions are invested. Bank scandals and rising fiscal deficits do not breed confidence in the system or the government's ability to deliver meaningful benefits in old age

Bond · Business · Economic policy · Economics · Financial system · Geography · Government (linguistics · Interest rate · Pension · Pension system · Stock (firearms · Finance · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Retirement, Disability, and Employment

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Obras citantes distintas3
Citações por ano0,2
Intervalo de citações2011 - 2025 (15)
Velocidade de citaçãorecent
Altamente citadoNão
Tipos de citaçãoNeutras: 3
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