IDEAS home Printed from https://ideas.repec.org/p/sec/cnstan/0182.html
   My bibliography  Save this paper

Comparative Notes on Pension Developments and Reforms in the Czech Republic, Hungary, Poland and Romania

Author

Listed:
  • Stanislaw Gomulka

Abstract

Pension systems and pension expenditures show large variations among countries worldwide. This variation appears to reflect mainly demographic factors and differences in the level of insurance protection, the latter tending to increase with the level of development. The focus of this paper is pension developments and reforms in the four transition countries: the Czech Republic, Hungary, Poland and Romania during the 1990s. Our major factual finding is that Poland and Romania are clear outliers among the FOUR in terms of key pensions statistics. The paper concludes that the greater pension expenditures in Hungary and Poland are in part inherited (especially in Poland) and in part caused by the more radical restructuring reforms, and that these greater expenditures have in turn prompted these two countries to start replacing gradually their PAYG-DB system with a three-pillar mixed system, with private pension funds constituting a large component of the reformed system.

Suggested Citation

  • Stanislaw Gomulka, 1999. "Comparative Notes on Pension Developments and Reforms in the Czech Republic, Hungary, Poland and Romania," CASE Network Studies and Analyses 0182, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0182
    as

    Download full text from publisher

    File URL: https://case-research.eu/upload/publikacja_plik/SA182.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ondrej Schneider, 1999. "Implicit Public Debt of the Czech Social-Security System," CASE Network Studies and Analyses 0167, CASE-Center for Social and Economic Research.
    2. Mr. Carlo Cottarelli & Mr. Luis M. Cubeddu & Mr. M. Cangiano, 1998. "Pension Developments and Reforms in Transition Economies," IMF Working Papers 1998/151, International Monetary Fund.
    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. Marian Cioboata, 2019. "Theoretical Aspects Related To Tax Evasion, Coruption And Illegal Work-Elements Of The Architecture Of The Underground Economy," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(47), pages 79-90, December.

    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. Aysit Tansel & Ceyhan Ozturk & Erkan Erdil, 2021. "The Impact of Body Mass Index on Growth, Schooling, Productivity, and Savings: A Cross-Country Study," Koç University-TUSIAD Economic Research Forum Working Papers 2118, Koc University-TUSIAD Economic Research Forum.
    2. Stark, Oded & Pang, Yu & Fan, Simon, 2024. "Agglomeration, Pollution, and Migration: A Substantial Link, and Policy Design," EconStor Open Access Book Chapters, in: World Scientific Handbook of Global Migration, Volume 3: Types of Migrants and Economies: A Global Perspective, pages 199-225, ZBW - Leibniz Information Centre for Economics.
    3. Alfani, Guido & Gierok, Victoria & Schaff, Felix, 2022. "Economic Inequality in Preindustrial Germany, ca. 1300–1850," The Journal of Economic History, Cambridge University Press, vol. 82(1), pages 87-125, March.
    4. Kasturi Sadhu & Saumya Chakrabarti, 2021. "Neo-Dualism: Accumulation, Distress, and Proliferation of a Fissured Informality," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(4), pages 694-724, December.
    5. Marek Gora & Grzegorz Kula & Magdalena Rokicka & Oleksandr Rohozynsky & Anna Ruzik, 2008. "Social Security, Labour Market and Restructuring: Current Situation and Expected Outcomes of Reforms," ESCIRRU Working Papers 5, DIW Berlin, German Institute for Economic Research.
    6. Tyrowicz, Joanna & van der Velde, Lucas, 2018. "Labor reallocation and demographics," Journal of Comparative Economics, Elsevier, vol. 46(1), pages 381-412.
    7. Galiani, Sebastian & Gertler, Paul J. & Undurraga, Raimundo, 2021. "Aspiration adaptation in resource-constrained environments," Journal of Urban Economics, Elsevier, vol. 123(C).
    8. McKenzie, David & Mohpal, Aakash & Yang, Dean, 2022. "Aspirations and financial decisions: Experimental evidence from the Philippines," Journal of Development Economics, Elsevier, vol. 156(C).
    9. M. Shahe Emran & A. K. M. Mahbub Morshed & Joseph E. Stiglitz, 2021. "Microfinance and missing markets," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(1), pages 34-67, February.
    10. Petr Hedbávný & Ondřej Schneider & Jan Zápal, 2004. "Does the Enlarged European Union Need a Better Fiscal Pact?," Working Papers IES 55, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2004.
    11. Georges de Menil & Stephane Hamayon & Mihai Seitan, 1999. "Romania’s Pension System: The Weight of the Past," CASE Network Studies and Analyses 0177, CASE-Center for Social and Economic Research.
    12. Svend Jensen & Jukka Lassila, 2002. "Reforming Social Security in a Transition Economy: The Case of Lithuania," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(1), pages 17-36.
    13. Ahmet Faruk Aysan & Dilek Demirbas & Mustafa Disli & Monica Parra, 2021. "Resilience and Path Dependency: Income Distribution Effects of GDP in Colombia," Working Papers hal-03365148, HAL.
    14. Vito Tanzi & George Tsibouris, 2001. "Fiscal Reform Over Ten Years of Transition," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 161-190.
    15. Ernest Liu & Benjamin N. Roth, 2020. "Contractual Restrictions and Debt Traps," Working Papers 2020-30, Princeton University. Economics Department..
    16. Vito Tanzi & George Tsibouris, 2001. "Les réformes des finances publiques en dix années de transition," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 175-206.
    17. Le-Yin Zhang, 2003. "Economic Development in Shanghai and the Role of the State," Urban Studies, Urban Studies Journal Limited, vol. 40(8), pages 1549-1572, July.
    18. Stanislaw Gomulka & Marek Styczen, 1999. "Estimating the Impact of the 1999 Pension Reform in Poland, 2000 - 2050," CASE-CEU Working Papers 0027, CASE-Center for Social and Economic Research.
    19. Luciano Greco, 2005. "The Optimal Design of Funded Pension Plans: Unbundling Financing and Investment," "Marco Fanno" Working Papers 0003, Dipartimento di Scienze Economiche "Marco Fanno".
    20. Antonio Penta & Larbi Alaoui, 2022. "Attitudes Towards Success and Failure," Working Papers 1336, Barcelona School of Economics.

    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:sec:cnstan:0182. 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: Marta Kowerko (email available below). General contact details of provider: https://edirc.repec.org/data/caseepl.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.