Supplementary Pension Funds in Hungary
AbstractHungary has about ten years history of pension privatization process and the Hungarian experience could be really instructive. This paper is focused on the supplementary pensions trying to prove that no kind of reform of state pension system is able to solve all the problems of insufficient pensions. The paper highlights the main factors what could exetr an influence on the level of supplementary pensions. Some basic characteristics of the Hungarian private pension market are presented by means of empirical data and a complex measure of efficiency of pension fund operations is calculated.
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Bibliographic InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series Discussion Paper with number 208.
Length: 30 p.
Date of creation: Mar 2004
Date of revision:
Pension Funds; Other Private Financial Institutions;
Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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- Impavido, Gregorio & Rocha, Roberto, 2006. "Competition and performance in the Hungarian second pillar," Policy Research Working Paper Series 3876, The World Bank.
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