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Averting the Funding-Gap Crisis: East European Pension Reforms since 2008Jan DrahokoupilUniversity of Mannheim - Mannheim Centre for European Social Research (MZES); European Trade Union Institute (ETUI) Stefan DomonkosMZES June 13, 2012 Global Social Policy, 12 (3), Forthcoming Abstract: This paper analyses the post-2008 pension reforms in Central and East European Countries. The economic crisis revealed the unresolved problems in the implementation of previous reforms: the financing of the transformation costs. The reforms thus reacted to the legacies of past choices as well as to the exceptional circumstances of the crisis in their attempts to solve the funding-gap issue. An interplay of fiscal constraints and political conditions shaped the variety of reform outcomes.
Number of Pages in PDF File: 28 Keywords: pensions, pension privatization, funding gap, transition costs, Central and Eastern Europe JEL Classification: H55 Accepted Paper SeriesDate posted: April 3, 2012 ; Last revised: July 26, 2012Suggested CitationContact Information
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