Bireysel Emeklilik Katılımcılarının Risk Tercihlerinin Değerlendirilmesi

Abstract

In recent years, one of the most important problems in both developed and developing countries has been the social security systems. The problems in social security systems cause a decline in living standards of individuals during their retirement period all around the world. There has been a substantial increase in the role of privately managed defined contribution pension schemes, within national pension systems with these reforms in many countries. In this context, retirement savings have become increasingly individualized. Individual pension system participants attitudes to take risks and their responses to available investment options can have far-reaching implications for their retirement income. Behavioural research about taking risk has raised understanding of the limits of individual decision-making, but demographic and socio-economic factors may also affect participants risk perception and pension plan choices.