Pensions in the transformation process: the situation in Hungary, the Czech Republic and Slovakia
Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Lodahl, Maria [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
1997 |
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| Schlagwörter: |
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| Anmerkung: |
© Gower Publishing 1997 |
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| Übergeordnetes Werk: |
Enthalten in: Economic bulletin - Springer-Verlag, 1964, 34(1997), 12 vom: Dez., Seite 21-28 |
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| Übergeordnetes Werk: |
volume:34 ; year:1997 ; number:12 ; month:12 ; pages:21-28 |
| Links: |
|---|
| DOI / URN: |
10.1007/BF02672001 |
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| 520 | |a Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. | ||
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10.1007/BF02672001 doi (DE-627)OLC2076231994 (DE-He213)BF02672001-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ 83.00 bkl Lodahl, Maria verfasserin aut Pensions in the transformation process: the situation in Hungary, the Czech Republic and Slovakia 1997 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Gower Publishing 1997 Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. Pension Fund Disability Pension Pension System Pension Reform Pension Contribution Enthalten in Economic bulletin Springer-Verlag, 1964 34(1997), 12 vom: Dez., Seite 21-28 (DE-627)130621994 (DE-600)796059-1 (DE-576)090825446 0343-754X nnns volume:34 year:1997 number:12 month:12 pages:21-28 https://doi.org/10.1007/BF02672001 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_26 GBV_ILN_4277 83.00 VZ AR 34 1997 12 12 21-28 |
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10.1007/BF02672001 doi (DE-627)OLC2076231994 (DE-He213)BF02672001-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ 83.00 bkl Lodahl, Maria verfasserin aut Pensions in the transformation process: the situation in Hungary, the Czech Republic and Slovakia 1997 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Gower Publishing 1997 Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. Pension Fund Disability Pension Pension System Pension Reform Pension Contribution Enthalten in Economic bulletin Springer-Verlag, 1964 34(1997), 12 vom: Dez., Seite 21-28 (DE-627)130621994 (DE-600)796059-1 (DE-576)090825446 0343-754X nnns volume:34 year:1997 number:12 month:12 pages:21-28 https://doi.org/10.1007/BF02672001 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_26 GBV_ILN_4277 83.00 VZ AR 34 1997 12 12 21-28 |
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10.1007/BF02672001 doi (DE-627)OLC2076231994 (DE-He213)BF02672001-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ 83.00 bkl Lodahl, Maria verfasserin aut Pensions in the transformation process: the situation in Hungary, the Czech Republic and Slovakia 1997 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Gower Publishing 1997 Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. Pension Fund Disability Pension Pension System Pension Reform Pension Contribution Enthalten in Economic bulletin Springer-Verlag, 1964 34(1997), 12 vom: Dez., Seite 21-28 (DE-627)130621994 (DE-600)796059-1 (DE-576)090825446 0343-754X nnns volume:34 year:1997 number:12 month:12 pages:21-28 https://doi.org/10.1007/BF02672001 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_26 GBV_ILN_4277 83.00 VZ AR 34 1997 12 12 21-28 |
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10.1007/BF02672001 doi (DE-627)OLC2076231994 (DE-He213)BF02672001-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ 83.00 bkl Lodahl, Maria verfasserin aut Pensions in the transformation process: the situation in Hungary, the Czech Republic and Slovakia 1997 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Gower Publishing 1997 Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. Pension Fund Disability Pension Pension System Pension Reform Pension Contribution Enthalten in Economic bulletin Springer-Verlag, 1964 34(1997), 12 vom: Dez., Seite 21-28 (DE-627)130621994 (DE-600)796059-1 (DE-576)090825446 0343-754X nnns volume:34 year:1997 number:12 month:12 pages:21-28 https://doi.org/10.1007/BF02672001 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_26 GBV_ILN_4277 83.00 VZ AR 34 1997 12 12 21-28 |
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10.1007/BF02672001 doi (DE-627)OLC2076231994 (DE-He213)BF02672001-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ 83.00 bkl Lodahl, Maria verfasserin aut Pensions in the transformation process: the situation in Hungary, the Czech Republic and Slovakia 1997 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Gower Publishing 1997 Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. Pension Fund Disability Pension Pension System Pension Reform Pension Contribution Enthalten in Economic bulletin Springer-Verlag, 1964 34(1997), 12 vom: Dez., Seite 21-28 (DE-627)130621994 (DE-600)796059-1 (DE-576)090825446 0343-754X nnns volume:34 year:1997 number:12 month:12 pages:21-28 https://doi.org/10.1007/BF02672001 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_26 GBV_ILN_4277 83.00 VZ AR 34 1997 12 12 21-28 |
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Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. © Gower Publishing 1997 |
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Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. © Gower Publishing 1997 |
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Conclusion The decisive reform approach taken in Hungary shows that radical reforms can be undertaken, although Hungary has had the advantage that its financial markets were already comparatively well developed. Some of the greatest challenges facing the transition countries in the coming years will be in the social field. Success in meeting these challenges will go a considerable way to determining the prospects for economic growth. In this, the labour market situation remains one of the most important aspects. In the final analysis, the number of employed contribution-payers determines the scope for old-age provision. There is no single ideal concept for pension reform. The question of whether changes in the existing pay-as-you-go system will suffice or more far-reaching measures are required can only be answered with a view to the concrete conditions prevailing in each individual country. While from a social point of view a gradual transition is to be preferred, the longer governments wait to take the necessary steps, the harsher and less popular the necessary measures are likely to become in future. Overall it can be expected that the three-pillar model of pension insurance will spread in the transition countries, i.e. part of the public pension insurance system will be converted to the fully funded principle. © Gower Publishing 1997 |
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