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Private Pension Systems in Emerging Europe: The Uncertain Road Ahead

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  • Velculescu, Delia

Abstract

This paper takes stock of the pension reforms introduced in the CEE countries, with focus on the private second pillars, discusses their fiscal cost implications, and outlines some forward-looking policy options.

Suggested Citation

  • Velculescu, Delia, 2011. "Private Pension Systems in Emerging Europe: The Uncertain Road Ahead," MPRA Paper 88969, University Library of Munich, Germany, revised 2011.
    • Handle: RePEc:pra:mprapa:88969
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    References listed on IDEAS

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    1. Gora, Marek & Rutkowski, Michal, 1998. "The quest for pension reform : Poland's security through diversity," Social Protection Discussion Papers and Notes 20111, The World Bank.
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    4. Mr. Peter S. Heller, 1998. "Rethinking Public Pension Reform Initiatives," IMF Working Papers 1998/061, International Monetary Fund.
    5. Haindl Rondanelli, Erik, 1996. "Chilean pension fund reform and its impact on saving," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34299, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    8. Estelle James, 1998. "The Political Economy of Social Security Reform: A Cross-Country Review," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 69(4), pages 451-482, December.
    9. Chlon, Agnieszka & Gora, Marek & Rutkowski, Michal, 1999. "Shaping pension reform in Poland : security through diversity," Social Protection Discussion Papers and Notes 20852, The World Bank.
    10. Morande, Felipe G., 1998. "Savings in Chile. What went right?," Journal of Development Economics, Elsevier, vol. 57(1), pages 201-228, October.
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    13. David Miles & Allan Timmermann, 1999. "Risk sharing and transition costs in the reform of pension systems in Europe," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 14(29), pages 252-286.
    14. Mr. Carlo Cottarelli & Mr. Luis M. Cubeddu & Mr. M. Cangiano, 1998. "Pension Developments and Reforms in Transition Economies," IMF Working Papers 1998/151, International Monetary Fund.
    15. Walker, Eduardo*Lefort, Fernando, 2002. "Pension reform and capital markets : are there any (hard) links?," Policy Research Working Paper Series 24082, The World Bank.
    16. Impavido, Gregorio & Musalem, Alberto R., 2000. "Contractual savings, stock, and asset markets," Policy Research Working Paper Series 2490, The World Bank.
    17. Pablo Antolín & Fiona Stewart, 2009. "Private Pensions and Policy Responses to the Financial and Economic Crisis," OECD Working Papers on Insurance and Private Pensions 36, OECD Publishing.
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    More about this item

    Keywords

    Pension reform; private second pillar pensions; CESE;
    All these keywords.

    JEL classification:

    • H0 - Public Economics - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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