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Pathways to a universal basic pension in Greece

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Author Info

  • Chrysa Leventi

    ()
    (Athens University of Economics & Business)

  • Manos Matsaganis

    ()
    (Athens University of Economics and Business)

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    Abstract

    Although basic pension had for years failed to catch the imagination of policy makers in Greece, it was suddenly brought to the agenda in the context of the severe crisis raging since November 2009. In May 2010 the government committed to a harsh austerity programme, aiming at fiscal consolidation, in return for a rescue package easing the sovereign debt crisis. The July 2010 pension reform, a key provision of the austerity programme, provided for the introduction of a near-universal basic pension from 2015. The paper attempts to explain why, paradoxically, the crisis made more realistic a universal basic pension in Greece. We argue, firstly, that social insurance pensions may be ripe for path-breaking reform if heavily subsidised in a non-transparent way, and, secondly, that any progress towards basic income is likely to be gradual, uneven and specific to the national policy context.

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    File URL: http://wpa.deos.aueb.gr/docs/Pathways_to_a_universal_basic_pension_in_Greece.pdf
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    Bibliographic Info

    Paper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1106.

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    Date of creation: 11 Jan 2011
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    Publication status: Forthcoming in Basic Income Studies
    Handle: RePEc:aue:wpaper:1106

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    Related research

    Keywords: Universal basic pension; Greece; economic crisis; 2010 reform;

    This paper has been announced in the following NEP Reports:

    References

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    1. Goedemé Tim & Van Lancker Wim, 2009. "A Universal Basic Pension for Europe's Elderly: Options and Pitfalls," Basic Income Studies, De Gruyter, vol. 4(1), pages 1-26, August.
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    Cited by:
    1. Vassiliki Koutsogeorgopoulou & Manos Matsaganis & Chrysa Leventi & Jan-David Schneider, 2014. "Fairly Sharing the Social Impact of the Crisis in Greece," OECD Economics Department Working Papers 1106, OECD Publishing.

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