Does Future of Social Security System Give Us Hope?

Abstract:     
Of the three social security institutions whom constitute the Turkish social security system, two of them, social security institution and the social security institution for self-employed persons, will be unable to meet their liabilities from their own sources until year 2050, thus, by using ILO's data and making various assumptions, we develop a contrafactual privatization alternative, and compare financial situation and effective insurance rates with current system, also, both institutions' financial projections are made and evaluated. This study shows that both institutions' financial deficits could be decreased greatly under privatization alternative.

Note: Downloadable document is in Turkish.

Number of Pages in PDF File: 15

Keywords: Deficits of social security system, Social security institution, Social security institution for self-‎employed persons, privatization of social security system, Pay-as-you-go system

JEL Classification: H55

Accepted Paper Series