Ⅲ. Characteristics of New Pension System in Chile
1. Individual Capitalization Accounts (ICA)
In Chile, they have pension system that subscribers pay back from their individual accounts after retirement. Therefore this account have no income redistribution among inter-layers and no income transfer between generations that exist in korean pension system. ICA's contributions are not inc
individuals to expend less effort when working collectively than when working individually
Ringelmann’s Rope Pull: greater levels of productivity but with diminishing returns as group size increases
Caused by either equity concerns or a diffusion of responsibility (free riders)
Managerial Implications
Build in individual accountability
Prevent social loafing by:
Setting group goals
Incre
Accounts: PSA), 55세 이상은 현행 연금제도, 새로운 제도는 25세 이하, 25세~54세는 신구제도를 함께 적용한다.
2) 문제점
1)제도전환비용-현 정치적인 상황에서 새로운 세금증가 및 채무에 대한 대중적 지지를 기대하기 어려움, 2)재정적 위험이 정부로부터 개인에게 전가-①공적연금급여 삭감, ②계정관
격려하는 가운데 학습동기도 높아지고 불안감도 해소된다.
③ 개별적인 책무감(individual accountability)
집단 구성원 각자의 수행이 집단 전체의 수행의 결과에 영향을 주며 또한 집단 전체의 수행은 구성원 각자의 수행에 다시 영향을 준다는 서로간의 책무성이 필요하다.
④ 사회적 기술(social skills)
Accounting Standards to IFRS
∙ Previous German accounting standard was based on legal compliance
accounting.
Especially, it focused on individual company F/S that showed possibility of capital
recovery for creditors rather than consolidated F/S and form over substance.
∙ Through the globalization of financial markets, the demand of acquiring fun