Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108347
Authors: 
Simonovits, András
Year of Publication: 
2014
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2014/14
Abstract: 
This paper discusses design errors in public pension systems, using Hungary as an illus-tration. When the communist political and economic system was replaced by democracy and market economy, the subsequent governments had even greater difficulties in de-signing consistent pension reforms than before. Double-digit inflation and deep decline in real wages called for indexation and valorisation of pensions. In addition to arbitrary pub¬lic policy, poorly designed rules even amplified the errors of the public pension system, creating notch cohorts and disadvantaged strata.
Subjects: 
public pension system
social security
Hungary
design errors
JEL: 
H1
H8
ISBN: 
978-615-5447-28-0
Document Type: 
Working Paper

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