IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2018i2p133-160.html
   My bibliography  Save this article

Transferring Resources between the First and the Second Pillar in the Context of Development of the Pension Model in Bulgaria

Author

Listed:
  • Ralitza Pandurska

Abstract

The evolution of pension models is a continuous and long process since social issues acquire new dimensions and the social security systems should respond in a timely and adequate manner to these challenges. Changes in the pension model are an expression of the efforts to improve it but this needs to be a well-thought-out and consistent process since it is likely to give rise to mistrust on the part of insured persons. The results of any reform of the pension model are postponed in time making difficult the current assessment of the effectiveness of the changes that have been made. The present study examines some of the more significant changes in the Social Security Code with emphasis on those concerning the possibility of transferring funds from a universal and professional pension fund to the State Social Security System. The implications of this transfer for the Bulgarian social security model have been analysed and an attempt has been made to seek for more optimal alternatives for changes in the pension system contributing to the attainment of adequate retirement incomes, which is one of the fundamental principles enshrined in the European Pillar of Social Rights.

Suggested Citation

  • Ralitza Pandurska, 2018. "Transferring Resources between the First and the Second Pillar in the Context of Development of the Pension Model in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 133-160.
    • Handle: RePEc:bas:econst:y:2018:i:2:p:133-160
    as

    Download full text from publisher

    File URL: https://www.ceeol.com/search/article-detail?id=695645
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Georgi Shopov, 2008. "The Bulgarian Pension System - design, pre-reform and post-reform financial status," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-21.
    2. I Beleva & Richard Jackman & M Nenova-Amar, 1995. "The Labour Market in Bulgaria," CEP Discussion Papers dp0268, Centre for Economic Performance, LSE.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Margarita Atanassova, 2018. "Employment in Bulgaria as Part of European Labor Market – Trends and Institutional Challenges," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 21-28.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sandrine Cazes & Stéfano Scarpetta, 1995. "Caractéristiques individuelles, marchés du travail locaux et chômage en Pologne et en Bulgarie : l'apport des micro-données," Revue de l'OFCE, Programme National Persée, vol. 54(1), pages 105-145.
    2. Kremena Borissova-Marinova, 2021. "Demographic Development and Labour Force: Dependencies and Key Changes," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 143-168.
    3. Boeri, Tito, 1997. "Heterogeneous workers, economic transformation and the stagnancy of transitional unemployment," European Economic Review, Elsevier, vol. 41(3-5), pages 905-914, April.
    4. Margarita Atanassova & Elka Dimitrova, 2018. "Active labor market policy in Bulgaria and participation of the population aged 25-64 in education and training," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-18,19-32.
    5. S. Dobbelaere, 2003. "Ownership, Firm Size and Rent Sharing in a Transition Country," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/170, Ghent University, Faculty of Economics and Business Administration.
    6. Ira N. Gang & Ralitza Dimova, 2004. "Self-Selection And Earnings During Volatile Transition," Departmental Working Papers 200409, Rutgers University, Department of Economics.
    7. Vassil Tzanov, 2007. "Assessments of the Flexibility of the Labour Market in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-23.
    8. Todor Todorov, 2012. "Hidden Unemployment in Bulgaria – Discouraged Worker Effect and Involuntary Underemployment," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 171-199.
    9. Richard Jackman & C Pauna, 1997. "Labour Market Policy and the Reallocation of Labour Across Sectors," CEP Discussion Papers dp0338, Centre for Economic Performance, LSE.
    10. Dobbelaere, Sabien, 2004. "Ownership, firm size and rent sharing in Bulgaria," Labour Economics, Elsevier, vol. 11(2), pages 165-189, April.
    11. Margarita Atanassova, 2020. "Quality of Working Environment – Challenges to the Attractiveness of Organizations as an Employer in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 26-43.
    12. Alla Kirova, 2020. "Looking at New Economic Parameters in National, Regional, European and Global Context," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 3-27.
    13. Rayna Tsaneva, 2013. "Characteristic features of the investment activities of the pension funds in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 100-119.
    14. Iskra Beleva, 2011. "Cyclic Economic Development and the Labor Market in Bulgaria 1990-2010 (cause-effect relations, realities and challenges)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-56.
    15. Beleva, Iskra, 2001. "Targeting Youth Employment Policy in Bulgaria," MPRA Paper 60272, University Library of Munich, Germany.
    16. Falaris, Evangelos M., 2004. "Private and public sector wages in Bulgaria," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 56-72, March.
    17. Marin Galabov, 2020. "Economic Efficiency of Real Sector Companies – Nature, Types, Elements, Indicators and Models," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 28-59.
    18. Jackman, Richard & Pauna, Catalin, 1997. "Labour market policy and the reallocation of labour across sectors," LSE Research Online Documents on Economics 2047, London School of Economics and Political Science, LSE Library.
    19. Vasil Tzanov, 2011. "Inequality at Work Emerging in the Current Crisis in Bulgaria," Chapters, in: Daniel Vaughan-Whitehead (ed.), Work Inequalities in the Crisis, chapter 3, Edward Elgar Publishing.
    20. V. Tsanov & P. Ivanova & S. Panteleeva & S. Bogdanov, 2013. "GINI Country Report: Growing Inequalities and their Impacts in Bulgaria," GINI Country Reports bulgaria, AIAS, Amsterdam Institute for Advanced Labour Studies.

    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private 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:bas:econst:y:2018:i:2:p:133-160. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.