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Sustainability and fairness still missing in the Greek social insurance system

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  • Nicos Christodoulakis

Abstract

Despite deep cuts in pensions recently implemented in Greece, the social insurance system is still characterized by a multitude of problems—financial, social, and organizational. These make it counterproductive in improving intragenerational inequality and intergenerational fairness, while its bureaucratic complexity makes the planning and implementation of reforms a difficult task. The aim of the paper is, first, to describe the long‐term adverse dynamics and, second, to suggest a road map of changes that ensure a fairer treatment among the various categories of pensioners as well as between them and current generation employees.

Suggested Citation

  • Nicos Christodoulakis, 2018. "Sustainability and fairness still missing in the Greek social insurance system," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 39(8), pages 897-906, December.
    • Handle: RePEc:wly:mgtdec:v:39:y:2018:i:8:p:897-906
    DOI: 10.1002/mde.2969
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    4. Robert Holzmann & Edward Palmer, 2006. "Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes," World Bank Publications - Books, The World Bank Group, number 6983.
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    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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