Does mandatory pension savings crowd out private savings?

摘要: Abstract The relationship between mandatory pension savings and voluntary household is at best uncertain. This cold comfort for low-income countries which plan to introduce schemes boost both retirement total savings. More empirical work on may help establish some stylized facts the behavior of households in response paper attempts shed light this issue based experience Sri Lanka, a low-middle income country. We find significantly negative effect EPF non-EPF private but suggest that can be offset, degree, through efficient management minimize waste maximize returns