NDLI: Economic analysis of pension fund’s laws for female heirs: case of Iran’s civil servants pension fund (CSPF)

Content Provider	Springer Nature Link
Author	Ghasemi, Mojtaba
Copyright Year	2011
Abstract	The key twin objectives of pension and retirement system are income security and consumption smoothing for members and their family (heirs). Accordingly, pension funds worldwide devise laws that preserve and improve these key objectives. Laws that failed to take into account these objectives not only impose extra financial burden on the pension system, but also may pose undesirable social and economic effects. In this respect, economic analysis of pension laws would help lawmakers to make workable and implementable laws. Generally, economic analysis of law seeks to answer two basic questions regarding legal rules: what are the effects of legal rules on the behavior of relevant actors? And are these effects socially desirable? This paper examines the pension law of Iran’s civil servant pension fund (CSPF) for female heirs in light of the afore-mentioned key objectives of pension system, and from social justice point of view. The results from the analysis reveal that this does not only adhere to social justice and pension system’s main purpose, but also it imposes economic and social costs. The weak side of the law also creates financial burden on the pension fund, the young generation (paying pension benefits to the considered heirs from its contribution) and the public at large. The study also shows that life time payment of pensions to heirs by CSPF encourages late or informal marriages hence defecting acceptable social norms and may increase informal labor supply, creating a further problem in the labor market. The study thus recommends the need for reforming the existing law and rules of CSPF for female heirs.
Starting Page	407
Ending Page	421
Page Count	15
File Format	PDF
ISSN	09291261
Journal	European Journal of Law and Economics
Volume Number	36
Issue Number	2
e-ISSN	15729990
Language	English
Publisher	Springer US
Publisher Date	2011-04-13
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Economic analysis of law Pension fund CSPF Iran Law and Economics European Integration Public Finance & Economics Commercial Law
Content Type	Text
Resource Type	Article
Subject	Business and International Management Law Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

An economic theory of the regulation of preliminary measures

Laws and stigma: the case of prostitution

Economic analysis of standard form contracts: the monopoly case

Should I help my neighbor? Self-interest, altruism and economic analyses of rescue laws

An empirical approach on regulating China’s pension investment

Incomplete antitrust laws and private actions for damages

How to build European private law: an economic analysis of the lawmaking and harmonization dimensions in European private law

Reorganization in US and European Bankruptcy law

An experimental investigation on optimal bankruptcy laws

Economic analysis of pension fund’s laws for female heirs: case of Iran’s civil servants pension fund (CSPF)

Similar Documents

An economic theory of the regulation of preliminary measures

Laws and stigma: the case of prostitution

Economic analysis of standard form contracts: the monopoly case

Should I help my neighbor? Self-interest, altruism and economic analyses of rescue laws

An empirical approach on regulating China’s pension investment

Incomplete antitrust laws and private actions for damages

How to build European private law: an economic analysis of the lawmaking and harmonization dimensions in European private law

Reorganization in US and European Bankruptcy law

An experimental investigation on optimal bankruptcy laws

Economic analysis of pension fund’s laws for female heirs: case of Iran’s civil servants pension fund (CSPF)