IMPLICATIONS OF ECONOMIC TRANSITION AND DEMOGRAPHICS FOR FINANCING PENSIONS IN THE FORMER SOCIALIST ECONOMIES

Glenn Jenkins ()

No 1992-07, Development Discussion Papers from JDI Executive Programs

Abstract: The public pension systems of the post-socialist economies of Hungary and Poland are financially unsustainable. In addition to being poorly managed, they face many of the same problems that plague pay-as –you-go systems in other countries, including growing benefit expenditures and adverse demographic trends. The transition to market economies has exacerbated the problems in the supply and demand of public pensions in various ways. Stagnating production and trade, and the privatization or liquidation of state-owned enterprises is causing growing unemployment as well as increasing the pressures for early retirement. The result is increased demand for pensions concurrent with a shrinking contributing base. A set of alternative pension financing strategies are suggested in this paper. These proposals are evaluated on the basis of demographic trends and alternative assumptions about the economic growth and institutional development of Hungry and Poland.

Keywords: pensions; financial issues; transition economies (search for similar items in EconPapers)
JEL-codes: G23 H55 (search for similar items in EconPapers)
Pages: 7 pages
Date: 1992-07
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://cri-world.com/publications/qed_dp_104.pdf (application/pdf)

Related works:
Journal Article: Implications of Economic Transition and Demographics for Financing Pensions in the Former Socialist Economies (1993)
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:qed:dpaper:104

Access Statistics for this paper

More papers in Development Discussion Papers from JDI Executive Programs Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock ().