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This paper surveys the most significant problems of the pension systems of EU11 countries. These nations had to transform their old-age social security systems after replacing a state-socialist economic order with a capitalist one. Stressing common as well as specific features, our paper...
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countries have reversed the privatization. This report: (i) analyses the failure of mandatory private pensions to improve old … fiscal impacts, and others; (ii) documents the reversals of pension privatization, the laws, governance, new entitlements … pension privatization, for those countries considering returning back to a public system …
Persistent link: https://www.econbiz.de/10012908707
During the last 10 years, many OECD countries introduced reforms which included automatic enrolment or mandatory participation in privately managed pension schemes. The current article aims to reveal the benefits and costs of privately managed pension schemes. The article uses a study of pension...
Persistent link: https://www.econbiz.de/10013233539
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This article analyzes the impact of privatization on the existing Social Security program. Part I describes the current … program and identifies the most critical issues - pre-funding, diversification, and privatization - in the reform debate. Part … explores the impact of privatization on the public welfare function of Social Security and examines some of the weaknesses of …
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