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Tereshchenko K. P.
PhD student, State University High School of Economics (Moscow)

International experience of using the pension system means: analysis and evaluation of effectiveness (Russia, Moscow)
The article presents the analysis of major trends in the use of pension means in 43 countries over the period from 2001 to 2012, describes the methodology of evaluation of its effectiveness, and compares effective and non-effective use of pension systems in various countries
Key words: pension system, pension support, pension fund, investment, investment effectiveness
Pages: 90 - 96

1. Best Practices in Pension Fund Urban Investments. Panel Chair, Anna Steiger, Mike Travaglini, Tessa Hebb, Lisa Hagerman. 2006
2. Walker, E. (2006): «Benchmarks, Risks, Returns and Incentives in Defined Contribution Pension: Assessing Alternative Institutional Designs,» Mimeo. School of Business, P. Catholic University of Chile.
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7. Making the Case for UK Pension Fund Investment in Developing Country Assets. Jenny Kimmis, Ricardo Gottschalk, Edna Armendariz, Stephany Griffith-Jones. 2002.
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10. Pension Fund Investment in Hedge Funds. Fiona Stewart. OECD Working Papers on Insurance and Private Pensions No. 12, 2007.
11. Pension Fund Investment in Infrastructure. Georg Inderst. OECD Working Papers on Insurance and Private Pensions No. 32, 2009.
12. Pension Fund Investment in Infrastructure: A Resource Paper By Larry W. Beeferman. Capital matters, №3, 2008.
13. Pension fund management and international investment — a global perspective. E Philip Davis1. 2002.
14. Pension Funds and Emerging Markets. Jorge A. Chan-Lau. IMF, WP/04/181
15. Pension Funds and National Saving. Pablo Lopez Murphy and Alberto R. Musalem, 2004
16. Pension funds and the financing productive investment. An analysis based on Brazil’s recent experience. Rogerio Studart, Development Finance Unit International Trade and Development Finance Division Santiago de Chile, 2000.
17. Pension Funding and Saving, B. Douglas Bernheim, John B. Shoven, University of Chicago Press, Pensions in the U.S. Economy, p. 85–114.
18. Pension Investments in Employer Stock. William E. Even, David A. Macpherson, IZA DP No. 2376, 2006.
19. The Investment Behavior of State Pension Plans. Jeffrey R. Brown. Joshua Pollet. Scott J. Weisbenner, 2009.
20. The Return to Pension Funds’ Direct Investments in Private Equity: New Evidence on the Private Equity Premium Puzzle, Kasper Meisner Nielsen, Chinese University of Hong Kong and CEBR, 2009.
21. Upgrading the Investment Policy Framework of Public Pension Funds. Dimitri Vittas, Gregorio Impavido, Ronan O’Connor. World Bank Policy Research Working Paper 4499, 2008.
22. US Pension Funds’ Labour- Friendly Investments. Tessa Hebb, Larry Beeferman. Industry Studies Conference Paper, 2008.

Article in russian

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