The Effects Of Pensions Contributions On National Income And Savings In Nigeria

📄 Project Abstract

This study x-rayed the effects of pension contributions on national income and savings in Nigeria. This research work, with two objectives, therefore set out to determine the effects of pension contributions on national income and savings in Nigeria. The first objective was to ascertain the impact of pension contributions on national savings in Nigeria. The second was to determine the extent to which pension contributions have impacted on national income in Nigeria. A study of this nature became of essence due to a general deduction and findings of previous studies that the higher the level of pension contributions in an economy, the higher the national income as well as savings. However, others found that pension contributions in the Philippines have negative effects on household savings. To this effect, research questions and hypotheses were all formulated. The variables used for this study included contributory pensions, national savings rate, interest rate and consumption. The core...