Open AccessThe Cross-Provincial Data of Life Expectancy Effect on Pension Fund in Indonesia
Author(s) -
Sari Lestari Zainal Ridho,
Habsah Binti Haji Mohamad Sabli,
Heri Setiawan
Publication year - 2021
Publication title -
international journal of social science and business/international journal of social science and business
Language(s) - English
Resource type - Journals
eISSN - 2614-6533
pISSN - 2549-6409
DOI - 10.23887/ijssb.v5i2.33672
Subject(s) - pension , life expectancy , statistic , actuarial science , panel data , observational study , pension fund , business , economics , econometrics , finance , statistics , demography , mathematics , sociology , population
The data presented in this research is an observational cross-province study of life expectancy and pension funds. The data were extracted from the published database of Statistic Indonesia and Indonesia Financial Services Authority, covering a period of 2015 to 2019. The collected data were analyzed; using a panel data regression model on random effect assumptions with Generalized Least Squares. The finding of this research shows that there is a positive and significant effect of life expectancy on pension funds. This research paper data will assist in promoting the opportunity for pensions fund business or institution.