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Pathways to a universal basic pension in Greece

Author

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  • Chrysa Leventi

    () (Athens University of Economics & Business)

  • Manos Matsaganis

    () (Athens University of Economics and Business)

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.

Suggested Citation

  • Chrysa Leventi & Manos Matsaganis, 2011. "Pathways to a universal basic pension in Greece," DEOS Working Papers 1106, Athens University of Economics and Business.
  • Handle: RePEc:aue:wpaper:1106
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    References listed on IDEAS

    as
    1. Edward Whitehouse, 2007. "Pensions Panorama : Retirement-Income Systems in 53 Countries," World Bank Publications, The World Bank, number 7177, April.
    2. 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.
    3. Platon Tinios, 2010. "Vacillations around a Pension Reform Trajectory: time for a change?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 34, Hellenic Observatory, LSE.
    4. 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.
    2. 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.

    More about this item

    Keywords

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

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