Influence of Capital Markets, Inflation, and Demographics on the Growth of Pension Fund Assets in the State Organization of Islamic Cooperation
Journal Title: Journal of Economics, Finance and Management Studies - Year 2021, Vol 4, Issue 09
Abstract
The percentage of pension receipts that is still low is experienced by many developing countries in the continent of Asia and Africa in terms of providing pension funds for their citizens. This study seeks to analyze the effect of growth in pension fund assets in OIC member countries. The measurement of the growth of pension fund assets is viewed through the aspects of the number of stock traded, the equity index, the inflation rate, male labor force participation, female labor force participation, the working age, and the retirement age. In addition, this study uses a panel data regression analysis method with the period 2010 to 2019. The results show that there are variables of male labor force participation, female labor force participation, working-age, and retirement age that have a significant effect. Male labor force participation, working-age, and retirement age have a positive effect on the growth of pension fund assets, while female labor force participation has a negative effect on pension fund assets. It can be said that the demographic aspects can influence the growth of pension fund assets in OIC member countries in the period 2010 to 2019.
Authors and Affiliations
Mirza Purta Ashari, Mukhammad Yazid Afandi , Syafiq Mahmadah Hanafi, Ibnu Muhdir, Muhammad Ghafur Wibowo
Keywords
Related Articles
- EP ID EP705558
- DOI 10.47191/jefms/v4-i9-08
- Views 67
- Downloads 1
The Role of Religiosity as a Moderation Variable on the Impact of Workload and Competence on Teacher Job Satisfaction at the Ukhuwah Islamiyah Foundation Surabaya Indonesia
The aim of this research is to ascertain how religion functions as a moderating factor on the relationship between workload and competence and teacher job satisfaction. This is quantitative research using a likert scale...
How Psychological Capital and Dark Triad Mediate the Effect of Entrepreneurial Attitude Orientation on Entrepreneurial Intention
This study aims to analyze and explain the role of psychological capital, Machiavellianism, psychopathy, and narcissism in mediating the effect of entrepreneurial attitude orientation on entrepreneurial intentions. The p...
Analysis of Influence of Product Design and Product Quality on Customer Satisfaction case Study at Hand Made Shoes Umkm Bang MUS
This study discusses how product design and product quality affect consumer satisfaction in Bang Mus Hand Made Shoes UMKM. The purpose of this study was to identify the influence of product design and product quality th...
Industrialization, Inclusive Economic Growth: Tunisia in the Era of the Current Crisis
The consequences of the current crisis vary considerably from country to country and from sector to sector. In this paper, we examine how industrialization and inclusive economic growth of Tunisia is being affected by th...
Strengthening Competitive Advantage for Prospective Young Muslim Entrepreneurship with the SAMARA Finance Concept
Through market entry, young entrepreneurs increase employment opportunities by creating new jobs. Increased productivity of new firms has the most impact on employment in the medium term, as displacement of existing busi...