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Pathways to a Universal Basic Pension in Greece

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  • Matsaganis Manos
  • Leventi Chrysa

Abstract

Although basic pension had failed for years to catch the imagination of policy makers in Greece, the severe crisis raging since November 2009 has caused it to be quickly put on the agenda. In May 2010 the government committed to a harsh austerity programme, aimed 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 starting in 2015. This paper explains why, paradoxically, the crisis made a universal basic pension in Greece more realistic. We argue, first, that social insurance pensions may be ripe for path-breaking reform if heavily subsidised in a non-transparent way, and, second, that any progress towards basic income is likely to be gradual, uneven and specific to the national policy context.

Suggested Citation

  • Matsaganis Manos & Leventi Chrysa, 2011. "Pathways to a Universal Basic Pension in Greece," Basic Income Studies, De Gruyter, vol. 6(1), pages 1-20, October.
    • Handle: RePEc:bpj:bistud:v:6:y:2011:i:1:n:5
    DOI: 10.2202/1932-0183.1191
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    References listed on IDEAS

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    1. International Monetary Fund, 2010. "Greece: Request for Stand-By Arrangement," IMF Staff Country Reports 2010/111, International Monetary Fund.
    2. Edward Whitehouse, 2007. "Pensions Panorama : Retirement-Income Systems in 53 Countries," World Bank Publications - Books, The World Bank Group, number 7177.
    3. Manos Matsaganis, 2007. "Union Structures and Pension Outcomes in Greece," British Journal of Industrial Relations, London School of Economics, vol. 45(3), pages 537-555, September.
    4. Tinios, Platon, 2010. "Vacillations around a pension reform trajectory: time for a change?," LSE Research Online Documents on Economics 27674, London School of Economics and Political Science, LSE Library.
    5. 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.
    6. Palmer, Edward, 2000. "The Swedish pension reform model : framework and issues," Social Protection Discussion Papers and Notes 23086, The World Bank.
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    Cited by:

    1. Christos Triantopoulos, 2014. "Financial Structure, Income Inequality and Privatization of Risk in the EU," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 64(3), pages 49-72, July-Sept.
    2. Kaifala, Gabriel B. & Paisey, Catriona & Paisey, Nicholas J., 2021. "The UK pensions landscape – A critique of the role of accountants and accounting technologies in the treatment of social and societal risks," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 75(C).
    3. 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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