Effects of the Public Sector downsizing on Social Security and public finance

Artikel

This paper presents the results of the actuarial valuation method Projected Unit Credit ("benefits/years of service") in order to assess the effects of the public sector downsizing on real economy and social security in Greece, using a prototype data set. We found a social security loss of about 1.3 bn.€, and the effect on the GDP is estimated -13.6 bn.€ (or -7%). We also report a decrease in the direct income by 6.1 bn.€.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: SPOUDAI - Journal of Economics and Business ; ISSN: 2241-424X ; Volume: 64 ; Year: 2014 ; Issue: 1 ; Pages: 53-62 ; Piraeus: University of Piraeus

Classification and Topics

• Classification: Wirtschaft ; Financial Econometrics ; Social Security and Public Pensions
• Subject: Projected Unit Credit Method ; Public Sector Downsizing ; Pensions ; Social Security

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vogiatzis, Ioannis ; Siriopoulos, Costas ; Frangos, Nikolaos
• Event: Veröffentlichung
• (who): University of Piraeus
• (where): Piraeus
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/169148
• Last update: 10.03.2025, 11:44 AM CET