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Sustainability and fairness still missing in the Greek social insurance system

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  • Christodoulakis, Nicos

Abstract

Despite deep cuts in pensions recently implemented in Greece, the social insurance system is still characterized by a multitude of problems—financial, social, and organizational. These make it counterproductive in improving intragenerational inequality and intergenerational fairness, while its bureaucratic complexity makes the planning and implementation of reforms a difficult task. The aim of the paper is, first, to describe the long-term adverse dynamics and, second, to suggest a road map of changes that ensure a fairer treatment among the various categories of pensioners as well as between them and current generation employees.

Suggested Citation

  • Christodoulakis, Nicos, 2018. "Sustainability and fairness still missing in the Greek social insurance system," LSE Research Online Documents on Economics 100289, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:100289
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    File URL: http://eprints.lse.ac.uk/100289/
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    References listed on IDEAS

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    1. Andrea Bassanini & Romain Duval, 2007. "The determinants of unemployment across OECD countries: Reassessing the role of policies and institutions," OECD Economic Studies, OECD Publishing, vol. 2006(1), pages 7-86.
    2. Nicholas Barr & Peter Diamond, 2006. "The Economics of Pensions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(1), pages 15-39, Spring.
    3. Andrea Bassanini & Romain Duval, 2006. "The Determinants of Unemployment across OECD Countries," Post-Print halshs-00120584, HAL.
    4. Robert Holzmann & Edward Palmer, 2006. "Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes," World Bank Publications - Books, The World Bank Group, number 6983, December.
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    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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