Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption
Singapore like many developed countries is gradually transforming into an ageing population. With indications of an increasing need for retirees to support themselves after retirement, this report is set forth to determine and analyze the variables that affect the adequacy of the CPF scheme in me...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/15262 |
| _version_ | 1826124352598310912 |
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| author | Toh, Jia De Lin, Michelle Wan Xian Yang, Jian Tong |
| author2 | Yee Wah Chin |
| author_facet | Yee Wah Chin Toh, Jia De Lin, Michelle Wan Xian Yang, Jian Tong |
| author_sort | Toh, Jia De |
| collection | NTU |
| description | Singapore like many developed countries is gradually transforming into an ageing
population. With indications of an increasing need for retirees to support themselves after
retirement, this report is set forth to determine and analyze the variables that affect the
adequacy of the CPF scheme in meeting the post retirement consumption expenditure.
A hypothetical scenario is set up to study the impact of the variables on the CPF retirement
balance of an average Singaporean individual. Sensitivity analysis, regression and adequacy
test were run on secondary data and statistics. Our findings have shown that both CPF
interest rate and CPF contribution rate have a strong positive impact on the retirement
balance at one’s retirement age, with CPF interest rate being more efficient in determining
and adjusting the adequacy of the CPF interest rate. However inflation worsens the ability
of the individual to meet his consumption expenditure at 60% replacement ratio. |
| first_indexed | 2024-10-01T06:19:15Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/15262 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T06:19:15Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/152622023-05-19T05:45:01Z Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption Toh, Jia De Lin, Michelle Wan Xian Yang, Jian Tong Yee Wah Chin Nanyang Business School DRNTU::Business::Finance Singapore like many developed countries is gradually transforming into an ageing population. With indications of an increasing need for retirees to support themselves after retirement, this report is set forth to determine and analyze the variables that affect the adequacy of the CPF scheme in meeting the post retirement consumption expenditure. A hypothetical scenario is set up to study the impact of the variables on the CPF retirement balance of an average Singaporean individual. Sensitivity analysis, regression and adequacy test were run on secondary data and statistics. Our findings have shown that both CPF interest rate and CPF contribution rate have a strong positive impact on the retirement balance at one’s retirement age, with CPF interest rate being more efficient in determining and adjusting the adequacy of the CPF interest rate. However inflation worsens the ability of the individual to meet his consumption expenditure at 60% replacement ratio. BUSINESS 2009-04-14T01:55:58Z 2009-04-14T01:55:58Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/15262 en Nanyang Technological University 60 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance Toh, Jia De Lin, Michelle Wan Xian Yang, Jian Tong Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption |
| title | Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption |
| title_full | Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption |
| title_fullStr | Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption |
| title_full_unstemmed | Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption |
| title_short | Relationship between factors and the adequacy of the Singapore Central Provident Fund (CPF) to meet post retirement consumption |
| title_sort | relationship between factors and the adequacy of the singapore central provident fund cpf to meet post retirement consumption |
| topic | DRNTU::Business::Finance |
| url | http://hdl.handle.net/10356/15262 |
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