Averting the Funding-Gap Crisis: East European Pension Reforms since 2008

Global Social Policy, 12 (3), Forthcoming

28 Pages Posted: 3 Apr 2012 Last revised: 26 Jul 2012

Jan Drahokoupil

University of Mannheim - Mannheim Centre for European Social Research (MZES); European Trade Union Institute (ETUI)

Stefan Domonkos

University of Mannheim - Mannheim Centre for European Social Research (MZES)

Date Written: June 13, 2012

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.

Keywords: pensions, pension privatization, funding gap, transition costs, Central and Eastern Europe

JEL Classification: H55

Suggested Citation

Drahokoupil, Jan and Domonkos, Stefan, Averting the Funding-Gap Crisis: East European Pension Reforms since 2008 (June 13, 2012). Global Social Policy, 12 (3), Forthcoming. Available at SSRN: https://ssrn.com/abstract=2033353

Jan Drahokoupil (Contact Author)

University of Mannheim - Mannheim Centre for European Social Research (MZES) ( email )

D-68131 Mannheim
Germany

HOME PAGE: http://drahokoupil.blogspot.com

European Trade Union Institute (ETUI) ( email )

B-1210 Brussels
Belgium

Stefan Domonkos

University of Mannheim - Mannheim Centre for European Social Research (MZES) ( email )

D-68131 Mannheim
Germany

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