Arbeitspapier
Policy risk in action: Pension reforms and social security wealth in Hungary, Czech Republic and Slovakia
We provide evidence on the policy risk of social security in Hungary, Czech Republic and Slovakia by computing the changes in the social security wealth induced by the pension reforms undertaken since the 1990s. Methodologically we follow upon McHale' (2001) study of selected reforms in G7 countries. However, as we measure the differential impact of the reform on workers of different genders, ages, and levels of education, we are able to capture the aggregate, intergenerational, and intragenerational aspects of the policy risk. Overall, the paper documents that also a pay-as-you-go system is not a secure source of retirement income since pension reforms do change the future contributions and benefits in different directions for different workers, and the magnitude of the reductions in social security wealth sometimes exceeds several years' worth of the workers' earnings.
- Sprache
-
Englisch
- Erschienen in
-
Series: IES Working Paper ; No. 9/2008
- Klassifikation
-
Wirtschaft
Social Security and Public Pensions
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Socialist Institutions and Their Transitions: Public Economics
- Thema
-
social security
policy risk
pension reforms
Soziale Sicherung
Rentenreform
Politische Stabilität
Risiko
Ungarn
Tschechische Republik
Slowakei
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dušek, Libor
Kopecsni, Juraj
- Ereignis
-
Veröffentlichung
- (wer)
-
Charles University in Prague, Institute of Economic Studies (IES)
- (wo)
-
Prague
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
18.03.2025, 10:08 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dušek, Libor
- Kopecsni, Juraj
- Charles University in Prague, Institute of Economic Studies (IES)
Entstanden
- 2008
Ähnliche Objekte (12)
Hungary, Slovakia and the Czech Republic: Longer-term Growth Prospects
Analysing currency risk premia in the Czech Republic, Hungary, Poland and Slovakia
Methods in soil protection used in Poland, Slovakia, the Czech Republic and Hungary
EU Enlargement: Economic Impacts on Austria, the Czech Republic, Hungary, Poland, Slovakia and Slovenia
Paving the road to prosperity : management education in the Czech Republic, Slovakia, Hungary, and Poland
The Determinants of Economic Growth in Hungary, Poland, Slovakia and the Czech Republic since the Transition
Civil Society in the ‚Visegrád Four’ – Data and Literature in the Czech Republic, Hungary, Poland and Slovakia
Simplification of administrative procedure on the example of the Czech Republic, Poland, Slovakia, and Hungary (V4 countries)
Civil Society in the 'Visegrád Four': Data and Literature in the Czech Republic, Hungary, Poland and Slovakia
Digital Economy in Czech Republik, Slovakia and Hungary. Measurement with Topsis based on Entropy Measure for Objective Weighting
The limits of the state: political participation and representation of Roma in the Czech Republic, Hungary, Poland and Slovakia
The limits of the state: political participation and representation of Roma in the Czech Republic, Hungary, Poland and Slovakia
Hungary, Slovakia and the Czech Republic: Longer-term Growth Prospects
Analysing currency risk premia in the Czech Republic, Hungary, Poland and Slovakia
Methods in soil protection used in Poland, Slovakia, the Czech Republic and Hungary
EU Enlargement: Economic Impacts on Austria, the Czech Republic, Hungary, Poland, Slovakia and Slovenia
Paving the road to prosperity : management education in the Czech Republic, Slovakia, Hungary, and Poland
The Determinants of Economic Growth in Hungary, Poland, Slovakia and the Czech Republic since the Transition
Civil Society in the ‚Visegrád Four’ – Data and Literature in the Czech Republic, Hungary, Poland and Slovakia
Simplification of administrative procedure on the example of the Czech Republic, Poland, Slovakia, and Hungary (V4 countries)
Civil Society in the 'Visegrád Four': Data and Literature in the Czech Republic, Hungary, Poland and Slovakia
Digital Economy in Czech Republik, Slovakia and Hungary. Measurement with Topsis based on Entropy Measure for Objective Weighting
The limits of the state: political participation and representation of Roma in the Czech Republic, Hungary, Poland and Slovakia
The limits of the state: political participation and representation of Roma in the Czech Republic, Hungary, Poland and Slovakia
Hungary, Slovakia and the Czech Republic: Longer-term Growth Prospects
Analysing currency risk premia in the Czech Republic, Hungary, Poland and Slovakia
Methods in soil protection used in Poland, Slovakia, the Czech Republic and Hungary
EU Enlargement: Economic Impacts on Austria, the Czech Republic, Hungary, Poland, Slovakia and Slovenia
Paving the road to prosperity : management education in the Czech Republic, Slovakia, Hungary, and Poland
The Determinants of Economic Growth in Hungary, Poland, Slovakia and the Czech Republic since the Transition
Civil Society in the ‚Visegrád Four’ – Data and Literature in the Czech Republic, Hungary, Poland and Slovakia
Simplification of administrative procedure on the example of the Czech Republic, Poland, Slovakia, and Hungary (V4 countries)
Civil Society in the 'Visegrád Four': Data and Literature in the Czech Republic, Hungary, Poland and Slovakia
Digital Economy in Czech Republik, Slovakia and Hungary. Measurement with Topsis based on Entropy Measure for Objective Weighting
The limits of the state: political participation and representation of Roma in the Czech Republic, Hungary, Poland and Slovakia