Simonovits, Andras - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2011
In 1998, the left-of-center government of Hungary carved out a second pillar mandatory private pension system from the original mono-pillar public system. Participation in the mixed system was optional for those who were already working, but mandatory for new entrants to the workforce. About 50...