Welcome to the InfoSci Platform
En-Route to Greece: A Market-Capitalized vs. a Government-Run Retirement System – Comparison and Chronological Development

En-Route to Greece: A Market-Capitalized vs. a Government-Run Retirement System – Comparison and Chronological Development

Apostolos Xanthopoulos
Copyright: © 2023 |Pages: 27
ISBN13: 9781668483862|ISBN10: 1668483866|ISBN13 Softcover: 9781668483879|EISBN13: 9781668483886
DOI: 10.4018/978-1-6684-8386-2.ch011
Cite Chapter Cite Chapter

MLA

Xanthopoulos, Apostolos. "En-Route to Greece: A Market-Capitalized vs. a Government-Run Retirement System – Comparison and Chronological Development." Advancement in Business Analytics Tools for Higher Financial Performance, edited by Reza Gharoie Ahangar and Mark Napier, IGI Global, 2023, pp. 215-241. https://doi.org/10.4018/978-1-6684-8386-2.ch011

APA

Xanthopoulos, A. (2023). En-Route to Greece: A Market-Capitalized vs. a Government-Run Retirement System – Comparison and Chronological Development. In R. Gharoie Ahangar & M. Napier (Eds.), Advancement in Business Analytics Tools for Higher Financial Performance (pp. 215-241). IGI Global. https://doi.org/10.4018/978-1-6684-8386-2.ch011

Chicago

Xanthopoulos, Apostolos. "En-Route to Greece: A Market-Capitalized vs. a Government-Run Retirement System – Comparison and Chronological Development." In Advancement in Business Analytics Tools for Higher Financial Performance, edited by Reza Gharoie Ahangar and Mark Napier, 215-241. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-8386-2.ch011

Export Reference

Mendeley
Favorite

Abstract

This chapter is a comparison between one of the most stable, and one of the most precariously managed retirement systems in the world. Both systems grew through the private sector, but their non-parallel trajectories over time offer hints about possible future developments. The system of governing in Greece has garnered little wisdom from financial bankruptcy. The partly unregulated retirement industry of the United States leaves room for en masse asset liquidation. In both systems the transfer of responsibility for pension performance is enabled by non-market-capitalizing mechanisms. The wave of central bank intervention that underpins excessive tail risk-taking combined with lack of fiduciary responsibility, may entice the ultimate liquidation of assets held by retirees, leading to another financial crisis.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.