IDEAS home Printed from https://ideas.repec.org/p/qed/dpaper/104.html
   My bibliography  Save this paper

Implications Of Economic Transition And Demographics For Financing Pensions In The Former Socialist Economies

Author

Listed:
  • Glenn Jenkins

    () (Queen's University, Kingston, On, Canada)

Abstract

The public pension systems of the post-socialist economies of Hungary and Poland are financially unsustainable. In addition to being poorly managed, they face many of the same problems that plague pay-as –you-go systems in other countries, including growing benefit expenditures and adverse demographic trends. The transition to market economies has exacerbated the problems in the supply and demand of public pensions in various ways. Stagnating production and trade, and the privatization or liquidation of state-owned enterprises is causing growing unemployment as well as increasing the pressures for early retirement. The result is increased demand for pensions concurrent with a shrinking contributing base. A set of alternative pension financing strategies are suggested in this paper. These proposals are evaluated on the basis of demographic trends and alternative assumptions about the economic growth and institutional development of Hungry and Poland.

Suggested Citation

  • Glenn Jenkins, 1992. "Implications Of Economic Transition And Demographics For Financing Pensions In The Former Socialist Economies," Development Discussion Papers 1992-07, JDI Executive Programs.
  • Handle: RePEc:qed:dpaper:104
    as

    Download full text from publisher

    File URL: https://cri-world.com/publications/qed_dp_104.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kornai, Janos, 1992. "The Postsocialist Transition and the State: Reflections in the Light of Hungarian Fiscal Problems," American Economic Review, American Economic Association, vol. 82(2), pages 1-21, May.
    2. David A. Wise, 1985. "Pensions, Labor, and Individual Choice," NBER Books, National Bureau of Economic Research, Inc, number wise85-1.
    3. YVES GUERARD & Glenn Jenkins, 1992. "Building Private Pension Systems," Development Discussion Papers 1992-06, JDI Executive Programs.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    pensions; financial issues; transition economies;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:dpaper:104. 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: (Bahman Kashi). General contact details of provider: http://edirc.repec.org/data/qedquca.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.