Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190439 
Year of Publication: 
2016
Series/Report no.: 
IEHAS Discussion Papers No. MT-DP - 2016/15
Publisher: 
Hungarian Academy of Sciences, Institute of Economics, Budapest
Abstract: 
This paper surveys the most significant problems of the pension systems of EU11 countries. These nations had to transform their old-age social security systems after replacing a state-socialist economic order with a capitalist one. Stressing common as well as specific features, our paper concludes that no country has yet found the perfect solution, a pension policy-mix that would blend sustainability with efficiency and adequacy. Moreover, the countries surveyed do not seem to improve their policies over time. Instead, several of the errors discussed in the study re-appear in various forms and under various circumstances. Our study sheds light on the most common of these policy errors, and offers a common framework for evaluating pension systems along the most important qualitative dimensions.
Subjects: 
post-socialist countries
pension reform
political sustainability
economic sustainability
pension adequacy
pension privatisation
JEL: 
H11
H55
ISBN: 
978-615-5594-50-2
Document Type: 
Working Paper

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