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Changes in the Public Pension System and Their Impact on the Labor Market


  • Dochka Velkova


The objective of the study is to analyze and evaluate the impact on the labor market of the changes in the following parameters of the public pension insurance system in Bulgaria: (a) conditions for access; (b) incomes from pension; and (c) pension insurance installment. The set research tasks are: 1. Systematizing the theoretical aspects of the links and the impact on the pension insurance system and labor market. 2. Making an analytical review of the changes in the chosen parameters of the pension system. 3. Analyzing and evaluating the impact of the changes in the selected parameters of the pension system on the labor market in Bulgaria in the period 1999-2005. 4. Formulating conclusions on the influence of the analyzed changes in the pension insurance system on the labor market in the period 1999-2005. Discussed is only the impact of the pensions for work time and age, provided to people who have worked in conditions of third category labor, excluding some specific categories of people like military staff and teachers. These cases in their essence are a form of early retiring.

Suggested Citation

  • Dochka Velkova, 2008. "Changes in the Public Pension System and Their Impact on the Labor Market," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 22-59.
  • Handle: RePEc:bas:econst:y:2008:i:2:p:22-59

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    References listed on IDEAS

    1. Sebastian Edwards & Alejandra Cox Edwards, 2002. "Social Security Privatization Reform and Labor Markets: The Case of Chile," NBER Working Papers 8924, National Bureau of Economic Research, Inc.
    2. Christian Keuschnigg & Mirela Keuschnigg, 2004. "Aging, Labor Markets, and Pension Reform in Austria," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 60(3), pages 359-359, September.
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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies


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