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Transformation in Central and Eastern Europe : economic theory in pratice : provision of private pension schemes in Poland

Author

Listed:
  • Joe Durkan
  • Moore McDowell

Abstract

This paper considers the problems of the social security system in relation to pensions in Poland. It concludes that the system that prevailed up to recently had the capacity to cause the Social Insurance Fund to be permanently in deficit because of structural issues deriving from the conditions of the scheme, early retirement and recent increases in the dependency rate. Over the long term this deficit was likely to widen for demographic reasons. The recent reforms are unlikely to eleminate the deficit, so that the system may be driven to the private provision of pensions. This in turn raises fundamental property right issues. Finally, the issue of the private provision of pensions need to be seen in the light of the economy's need for domestic saving and financial markets and instruments to accelerate development.

Suggested Citation

  • Joe Durkan & Moore McDowell, 1993. "Transformation in Central and Eastern Europe : economic theory in pratice : provision of private pension schemes in Poland," Working Papers 19931PP, School of Economics, University College Dublin.
  • Handle: RePEc:ucn:wpaper:19931pp
    as

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    File URL: http://hdl.handle.net/10197/1079
    File Function: First version, 1993
    Download Restriction: no
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