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This paper gives a reassessment of the sustainability of the reformed Hungarian pension system with a special focus on whether the introduction of the fully funded pillar in 1998 has led to any improvement in the sustainability of the pension system. After a brief description of the 1997/1998...
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-employee dataset from Hungary covering from before (1986) to 20 years after (2008) the economic transition. The results suggest that … Hungary highlight the importance of policies aimed at providing core competencies and adult training that enable older workers …
Persistent link: https://www.econbiz.de/10009503794
Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer. In this paper we analyze the impact of working and living longer on pension incomes in five...
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data from Hungary, a country where a number of hikes increased the retirement age between 1997 and 2009, this analysis …
Persistent link: https://www.econbiz.de/10010348302