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Türk Sosyal Güvenlik Sisteminin Değerlendirilmesi ve Sosyal Güvenlik Kurumlarının Finansal Geleceği
[An Evaluation of Turkish Social Security Reform Process and Its Financial Future]

Author

Listed:
  • Gumus, Erdal

Abstract

Turkish social security system has been developed under various social security institutions to provide social insurance against various social risks since 1945. Although the system has just 62 years history, it is in such situation that it is just able to provide its services with income support from general tax revenue. Thus, there has ben real efort of restructuring the system since the late 1990s. However, it is accepted that these restructured efforts possibly would not generate sufficinet revenue to provide its services in the long run, and deficit would be financed by treasury, which in turn, brings new burden on public finance. This study aims to: (1) determine fundamental long term issues of social insurance, (2) make long term financial projection of the three social security institutions under various assumptions while observing currrent reform efforts, (3) evaluate reform effort to see whether those efforts are sufficient to solve financial problems, and (4) develop additional solutions proposals.

Suggested Citation

  • Gumus, Erdal, 2008. "Türk Sosyal Güvenlik Sisteminin Değerlendirilmesi ve Sosyal Güvenlik Kurumlarının Finansal Geleceği
    [An Evaluation of Turkish Social Security Reform Process and Its Financial Future]
    ," MPRA Paper 42160, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:42160
    as

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    File URL: https://mpra.ub.uni-muenchen.de/42160/1/MPRA_paper_42160.pdf
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    References listed on IDEAS

    as
    1. Coen N. Teulings & Casper G. de Vries, 2003. "Generational Accounting, Solidarity and Pension Losses," Tinbergen Institute Discussion Papers 03-094/3, Tinbergen Institute.
    2. Metin Ercen & Deniz Gokce, 1998. "Defined Contribution Model: Definition, Theory and an Application for Turkey," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 2(8-7), pages 33-51.
    3. Coen Teulings & Casper Vries, 2006. "Generational Accounting, Solidarity and Pension Losses," De Economist, Springer, vol. 154(1), pages 63-83, March.
    4. Serdar Sayan & Arzdar Kiraci, 2001. "Identification of parametric policy options for rehabilitating a pay-as-you-go based pension system: an optimization analysis for Turkey," Applied Economics Letters, Taylor & Francis Journals, vol. 8(2), pages 89-93.
    5. Sayan, Serdar & Kiraci, Arzdar, 2001. "Parametric pension reform with higher retirement ages: A computational investigation of alternatives for a pay-as-you-go-based pension system," Journal of Economic Dynamics and Control, Elsevier, vol. 25(6-7), pages 951-966, June.
    6. Ahmet Tuncay Teksoz & Serdar Sayan, 2002. "Simulation of Benefits and Risks after the Planned Privatization of the Pension System in Turkey: Is the Expected Boost to Financial Markets Feasible?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 38(5), pages 23-45, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    social security; social insurance; financial projections; privatization;

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H0 - Public Economics - - General
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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