Adequacy of Retirement Income after Pension Reforms in Central, Eastern and Southern Europe : Eight Country Studies

by Holzmann, Robert; Guven, Ufuk

• ISBN13: 9780821377819
• ISBN10: 0821377817
• Format: Paperback
• Copyright: 2009-03-09
• Publisher: World Bank

Summary

Pension reforms in former transition economies aimed to fiscal sustainability and market economy objectives. Estimating the gross and net replacement rates in 9 countries for steady conditions until 2040 show that they are adequate for most categories of workers, with the exception of those with intermittent or no formal sector employment.

Table of Contents

Preface	p. xv
Acknowledgments	p. xvii
Abbreviations	p. xix
Introduction, Summary, and Policy Conclusions	p. 1
Motivation for Reform and Policy Trends	p. 3
Characteristics of Reformed Pension Systems	p. 10
Assessment of the Performance of Pension Systems	p. 37
Conclusions	p. 52
Notes	p. 56
Bibliography	p. 58
Bulgaria	p. 61
Motivation for Reform	p. 62
Characteristics of Bulgaria's Pension System	p. 64
Assessment of the Performance of Bulgaria's Pension System	p. 73
Conclusions	p. 84
Notes	p. 85
Bibliography	p. 87
Croatia	p. 89
Motivation for Reform	p. 90
Characteristics of Croatia's Pension System	p. 91
Assessment of the Performance of Croatia's Pension System	p. 100
Conclusions	p. 110
Notes	p. 111
Bibliography	p. 113
The Czech Republic	p. 115
Motivation for Reform	p. 116
Characteristics of the Czech Republic's Pension System	p. 117
Assessment of the Performance of the Czech Pension System	p. 127
Conclusions	p. 141
Notes	p. 143
Bibliography	p. 145
Hungary	p. 147
Motivation for Reform	p. 148
Characteristics of Hungary's Pension System	p. 150
Assessment of the Performance of Hungary's Pension System	p. 162
Conclusions	p. 173
Notes	p. 175
Bibliography	p. 177
Poland	p. 181
Motivation for Reform	p. 182
Characteristics of Poland's Pension System	p. 184
Assessment of the Performance of Poland's Pension System	p. 195
Conclusions	p. 204
Notes	p. 206
Bibliography	p. 207
Romania	p. 211
Motivation for Reform	p. 212
Characteristics of Romania's Pension System	p. 213
Assessment of the Performance of Romania's Pension System	p. 223
Conclusions	p. 234
Notes	p. 235
Bibliography	p. 237
The Slovak Republic	p. 239
Motivation for Reform	p. 240
Characteristics of the Slovak Republic's Pension System	p. 242
Assessment of the Performance of the Slovak Pension System	p. 252
Conclusions	p. 262
Notes	p. 264
Bibliography	p. 265
Slovenia	p. 267
Motivation for Reform	p. 268
Characteristics of Slovenia's Pension System	p. 269
Assessment of the Performance of Slovenia's Pension System	p. 278
Conclusions	p. 288
Notes	p. 289
Bibliography	p. 291
Index	p. 295
Box
Taxation of Retirement Savings	p. 15
Figures
Projected Pension System Fiscal Balances before Reform in Eight CESE Countries	p. 4
Old-Age Dependency Rations, 2000-50, by World Region	p. 5
Gross Replacement Rates for Male Full-Career Workers in Eight CESE Countries	p. 41
Net Replacement Rates for Male Full-Career Workers in Eight CESE Countries	p. 43
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