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System dynamics approach in analyzing impact of demographic and salary risks on pension expenditure


Sapiri, Hasimah and Kamil, Anton Abdulbasah and Mat Tahar, Razman and Tumin, Hanafi (2011) System dynamics approach in analyzing impact of demographic and salary risks on pension expenditure. African Journal of Business Management, 5 (3). pp. 902-909. ISSN 1993-8233

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Abstract

Public pension plan in Malaysia is studied to analyze pension expenditure due to salary and demographic risks. Through the literature review and interview session with several officers in public sector, factors affecting pension expenditure are determined.The System Dynamic model is later developed using iThink software to show how demographic and salary changes affect the pension expenditure. Then, by using actual data, the impact of demographic and salary risks on pension expenditure is analyzed. The dynamics simulation model developed in this paper offers a useful tool for analyzing pension expenditure as a result of demographic and salary risks.

Item Type: Article
Uncontrolled Keywords: Demographics and salary risk, pension expenditure, system dynamics, public policy.
Subjects: H Social Sciences > HB Economic Theory
Divisions: College of Arts and Sciences
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 26 Feb 2012 06:29
Last Modified: 26 Feb 2012 06:29
URI: http://repo.uum.edu.my/id/eprint/5142

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