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Unfunded systems

In: Modeling Pension Systems

Author

Listed:
  • András Simonovits

    (Hungarian Academy of Scientists)

Abstract

The pension systems that had appeared in Europe by 1900 had largely begun as publicly run funded systems (Bod, 1995). Since life insurance had been born much earlier, there would have been no particular difficulty with funded pension systems had two world wars and the Great Depression not destroyed them. The new pension systems had to start from scratch.

Suggested Citation

  • András Simonovits, 2003. "Unfunded systems," Palgrave Macmillan Books, in: Modeling Pension Systems, chapter 0, pages 32-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-3845-9_5
    DOI: 10.1057/9781403938459_5
    as

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