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- Title
THE INFLUENCE OF SUBJECTIVE LOSS PERCEPTION ON INDIVIDUAL PREDICTION OF PENSION SCHEME RATE OF RETURN.
- Authors
Bobrowska, Agnieszka; Maciejasz-Świątkiewicz, Marta
- Abstract
The article presents how people subjectively measure the effects of the Polish reti-rement system. To verify this a survey was conducted in which respondents had to estimate the sum that was going to be collected in the retirement account through the institution of social insurance by 10, 20 or 30 years and individually. The sum was going to be collected thanks to regular payments of 5000 PLN every year. The hypotheses put at the beginning were fully confirmed and the survey proved that hyperbolic discounting really works and that the level of subjective rate of loss is quite high.
- Subjects
POLAND; PENSIONS; RATE of return; RETIREMENT; STATISTICAL hypothesis testing; SOCIAL security; PREDICTION theory
- Publication
Financial Sciences / Nauki o Finansach, 2012, Vol 1, Issue 10, p11
- ISSN
2080-5993
- Publication type
Article