Affiliation:
1. Risk Management and Insurance Department, Saint Petersburg State University,
7-9 Universitetskaya nab., 199034 Saint Petersburg, Russian Federation
Abstract
Purpose – the main objective of this study is to assess the impact of investments in pension and insurance
schemes on household well-being, based on an analysis of data from the countries of the former Soviet Union in the
long term.
Research methodology – using empirical analysis, the assets and liabilities of households are examined, divided into
the main financial market instruments in the selected countries.
Findings – the calculations confirmed the relationship between total household assets and assets held in life insurance
reserves and pension schemes.
Research limitations – the choice of the countries is determined by the similarity of the economies and the political
and social systems. Also, the choice of countries is due to the lack of data, so the number of countries studied was
reduced to 6.
Practical implications – the results of this study will be useful for national governments and major institutional investors.
Originality/Value – although similar studies were conducted on the basis of data from OECD countries, a comparable
cross-country analysis was not conducted on the data of the countries of the former Soviet Union. Further, on the basis
of the obtained data, it is planned to conduct a correlation and regression analysis to identify the statistical relationship.
Publisher
Vilnius Gediminas Technical University