Transformation in Central and Eastern Europe: economic theory in pratice: provision of private pension schemes in Poland

Joe Durkan and Moore McDowell

No 19931PP, Working Papers from School of Economics, University College Dublin

Abstract: This paper considers the problems of the social security system in relation to pensions in Poland. It concludes that the system that prevailed up to recently had the capacity to cause the Social Insurance Fund to be permanently in deficit because of structural issues deriving from the conditions of the scheme, early retirement and recent increases in the dependency rate. Over the long term this deficit was likely to widen for demographic reasons. The recent reforms are unlikely to eleminate the deficit, so that the system may be driven to the private provision of pensions. This in turn raises fundamental property right issues. Finally, the issue of the private provision of pensions need to be seen in the light of the economy's need for domestic saving and financial markets and instruments to accelerate development.

Keywords: Poland--Economic conditions; Pensions--Poland; Social security--Poland (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10197/1079 First version, 1993 (application/pdf)

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:ucn:wpaper:19931pp

Access Statistics for this paper

More papers in Working Papers from School of Economics, University College Dublin Contact information at EDIRC.
Bibliographic data for series maintained by Nicolas Clifton ().