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dc.contributor.authorKozlovskis, Konstantins
dc.date.accessioned2013-09-16T09:19:59Z
dc.date.available2013-09-16T09:19:59Z
dc.date.issued2010-12cs
dc.identifier.citationTrendy ekonomiky a managementu. 2011, IV, č. 7, s. 121-127. ISSN 1802-8527cs
dc.identifier.issn1802-8527
dc.identifier.urihttp://hdl.handle.net/11012/19864
dc.description.abstractPurpose system, which is considered the most progressive and modern system in the world, for the pensioners themselves. Scientific aim The aim of the paper is to analyze the effectiveness of the Latvian pension system and find out minimal values of the initial parameters, which have an influence on the effectiveness, to make a pension system more effective for pensioners within corresponding Latvian legislation. Methodology/methods The analysis is based on the comparison of the advantages and disadvantages of the hierarchical structure of the Latvian pension system and modeling basic financial parameters to reveal its influence on generating financial flows for pension funds and the effectiveness of each pension tier in the final analysis. Findings The findings prove non-effectiveness of the Latvian pension system for the needs of pensioners. Depending on the tier of the pension system pension money generating by future pensioners are non-effectively managed by all pension funds. Modeling future pension payoffs shows the boundaries of the effectiveness of the pension system paying attention to the needs of future pensioners. Also the results bring to light an interesting idea how a future pensioner can manage his own free assets very easily and more effective than professional participants maintaining the pension system in Latvia. Conclusions The represented results expose the problems with the effectiveness of the Latvian pension system from future pensioners‘ point of view and do not consider the problems from government’s side. It was shown that the effectiveness of the Latvian pension system could be improved and using the peculiarities of the Latvian economy a future pensioner can be more effective in his free money management than professional participants.en
dc.formattextcs
dc.format.extent121-127cs
dc.format.mimetypeapplication/pdfen
dc.language.isoencs
dc.publisherVysoké učení technické v Brně, Fakulta podnikatelskács
dc.relation.ispartofTrendy ekonomiky a managementucs
dc.relation.urihttp://www.fbm.vutbr.cz/cs/fakulta/vedecky-casopis/aktualni-cislo/870-cislo7cs
dc.rights© Vysoké učení technické v Brně, Fakulta podnikatelskács
dc.subjectLatvian pension systemcs
dc.subjecteffectivenesscs
dc.subjectpension fundscs
dc.subjectpension payoffscs
dc.titleThe Effectiveness of the Pension System in Latvia: pensioner’s point of viewcs
eprints.affiliatedInstitution.facultyFakulta podnikatelskács
dc.coverage.issue7cs
dc.coverage.volumeIVcs
dc.rights.accessopenAccessen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen


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