attention to the rules of retirement in Hungary since 1990. In every pension system, there exist two rules which determine how … the lifetime contribution (which is approximately proportional to the years of contributions) and the retirement age … a mandatory life insurance and life annuity system. More generally, we speak of flexible retirement if adding a year to …

This paper provides empirical evidence on the effect of changing the retirement age on employment. Base on individual … data from Hungary, a country where a number of hikes increased the retirement age between 1997 and 2009, this analysis … the effect. Results suggest that the effect of the changes in early retirement age is substantial, amounting to 5 …

enable people to have adequate income at retirement and to ensure the system's financial sustainability. Many European … European countries (CEE) face even more challenges in ensuring adequate income at retirement. First, CEE countries were … also. The paper discusses latest developments of retirement pension systems in Europe and state involvement in private pen …

reduction. The elimination of other early retirement scheme in 2012 and slowly rising real wages made the program even more … popular: the lifetime benefit was maximized at the earliest retirement. Since 2016, real wages have been growing rather fast …; making delay attractive. Without being recognized, Female40 has become a boomerang: immediate retirement from 2014 causes …

) With accelerating inflation, the declining real value of delayed initial benefits may incite immediate retirement. (iv …

(Chile, Great Britain and Sweden) and left out similar reforms introduced in similar situations, like in Hungary, Poland and …