Partial privatization of a pension system: lessons from Hungary
On 1 January 1998 a three-pillar pension system was introduced in Hungary. It will replace about a ¼ of the existing unfunded public system by a funded private system from 2013. The transition to this 'mixed system' is obligatory for those entering the labour market after 30 June 1998 and optional for the current labour force. Meanwhile the public pillar is also being reformed. This article assesses and evaluates these important developments. Contrary to expectations, the current government has made important changes to the on-going reform programme. These changes threaten to make benefit entitlements under the mixed system less attractive than envisaged. Despite significant funding problems within the unreformed public system, the partial privatization of the public system may cause more problems than it solves. Copyright © 2000 John Wiley & Sons, Ltd.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 12 (2000)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Feldstein, Martin, 1996.
"The Missing Piece in Policy Analysis: Social Security Reform,"
American Economic Review,
American Economic Association, vol. 86(2), pages 1-14, May.
- Martin Feldstein, 1996. "The Missing Piece in Policy Analysis: Social Security Reform," NBER Working Papers 5413, National Bureau of Economic Research, Inc.
- Andras Simonovits, 1999. "The New Hungarian Pension System and its Problems," IEHAS Discussion Papers 9901, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Kornai, Janos, 1997. "The Reform of the Welfare State and Public Opinion," American Economic Review, American Economic Association, vol. 87(2), pages 339-43, May.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:519-529. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.