|
|||||
|
|
Pension reforms in EU11 countries: An evaluation of post‐socialist pension policies |
|
| Authors: | Stefan Domonkos András Simonovits |
| Affiliation: | 1. Slovak Academy of Sciences, Bratislava, Slovakia;2. Hungarian Academy of Sciences, Budapest, Hungary |
| Abstract: | This article evaluates the pension policy pathways of the 11 former state socialist nations that have joined the European Union since 2004. Focusing primarily on the post‐2004 period, the analysis discusses the most important measurable outcomes of these countries’ pension reforms, in terms of poverty alleviation, pension adequacy and fiscal sustainability. Going beyond the quantifiable concepts, we also investigate the quality of the 11 countries’ pension systems in terms of equity as well as efficiency, emphasizing the less conspicuous design errors present in these systems. Although these errors have received little attention to date, they may harm pension schemes along several dimensions, including their fiscal sustainability. |
| Keywords: | social security reform pension scheme adequacy social security planning Eastern Europe European Union ré forme de la sé curité sociale ré gime de pension adé quation planification de la sé curité sociale Europe orientale Union europé enne reforma de la seguridad social ré gimen de pensió n adecuació n planificació n de la seguridad social Europa Oriental Unió n Europea Reform der sozialen Sicherheit Rentensystem Angemessenheit Planung der sozialen Sicherheit Osteuropa Europä ische Union |