Arbeitspapier

Design Errors in Public Pension Systems: The Case of Hungary

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.

ISBN
978-615-5447-28-0
Language
Englisch

Bibliographic citation
Series: IEHAS Discussion Papers ; No. MT-DP - 2014/14

Classification
Wirtschaft
Subject
public pension system
social security
Hungary
design errors

Event
Geistige Schöpfung
(who)
Simonovits, András
Event
Veröffentlichung
(who)
Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies
(where)
Budapest
(when)
2014

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Simonovits, András
  • Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies

Time of origin

  • 2014

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