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Demographics and Pension Reforms in the Major Central and Eastern European Countries

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  • Dieter Bräuninger

Abstract

Today in the Central and Eastern European (CEE) countries there are barely 30 pensioners for every 100 persons of working age. By 2050, the number could rise to almost 80 pensioners. So far Poland has responded the most rigorously to the challenge, establishing a modern three-pillar pension system. The new second pillar forms the core of the bulwark against future demographic strain, with private savings being accumulated in personal accounts kept at private pension funds. Hungary has also established a second pillar of private pension funds, but the necessary restructuring of the state pension scheme is not proceeding fast enough. In the Czech Republic, a three-pillar system thus far exists only on paper.

Suggested Citation

  • Dieter Bräuninger, 2003. "Demographics and Pension Reforms in the Major Central and Eastern European Countries," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(1), pages 117-132, January.
    • Handle: RePEc:wej:wldecn:131
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    Cited by:

    1. Phoebe Koundouri & Theologos Pantelidis & Ben Groom & Ekaterini Panopoulou, 2007. "Discounting the distant future: How much does model selection affect the certainty equivalent rate?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(3), pages 641-656.
    2. Gunter Stephan & Georg M ller-F rstenberger, 2006. "Discounting The Global Climate When Technological Change is Endogenous," Diskussionsschriften dp0603, Universitaet Bern, Departement Volkswirtschaft.
    3. Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009. "Social discounting under uncertainty: A cross-country comparison," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 140-150, March.
    4. Onno J. Kuik & Barbara Bucher & Michela Catenacci & Etem Karakaya & Richard S.J. Tol, 2006. "Methodological aspects of recent climate change damage cost studies," Working Papers FNU-122, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006.
    5. Cameron Hepburn, 2003. "Hyperbolic Discounting and Resource Collapse," Economics Series Working Papers 159, University of Oxford, Department of Economics.

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