Design Errors in Public Pension Systems: The Case of Hungary

András Simonovits ()
Additional contact information
András Simonovits: Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences also Department of Economics, Central European University and Mathematical Institute, Budapest University of Technology

No 1414, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies

Abstract: This paper discusses design errors in public pension systems, using Hungary as an illus-tration. When the communist political and economic system was replaced by democracy and market economy, the subsequent governments had even greater difficulties in de-signing consistent pension reforms than before. Double-digit inflation and deep decline in real wages called for indexation and valorisation of pensions. In addition to arbitrary pub¬lic policy, poorly designed rules even amplified the errors of the public pension system, creating notch cohorts and disadvantaged strata.

Keywords: public pension system; social security; Hungary; design errors (search for similar items in EconPapers)
JEL-codes: H1 H8 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2014-06
New Economics Papers: this item is included in nep-age
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://econ.core.hu/file/download/mtdp/MTDP1414.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to econ.core.hu:80 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:has:discpr:1414

Access Statistics for this paper

More papers in CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies Contact information at EDIRC.
Bibliographic data for series maintained by Nora Horvath ( this e-mail address is bad, please contact ).