Due to an EU directive, with tight deadlines, the Hungarian government has to work out program, including a pension reform. The plan is to be discussed publicly and made into a law. The last public and detailed pension package was a Working Paper of the National Bank of Hungary, 2016, which...

In Hungary, average initial old age pensions have risen much faster than average pensions over the past decade. Several factors have contributed to this, of which the method of valorization and official earnings statistics are of particular importance. In most countries, initial pensions are...

As a result of the demographic processes, one of the major challenges facing aging societies is to ensure long-term and sustainable funding for old-age care. The Hungarian pension system is basically stagnating, and the political competition focuses only on welfare corrections, shattering the...

The Hungarian Personal Income Tax system is being transformed between 209 and 2013. Tax brackets and the previously existing tax credit is being abolished and this changes the net/gross income ratios in all income categories. This does not only lead to a significant loss in government's income,...

A life-cycle growth model is used to investigate the quantitative impact of gradually converting the financing of social security from pay-as-you-go (PAYGO) to full funding. The magnitudes of the losses and gains that particular age cohorts will experience under alternative speeds of conversion...

The Hungarian Personal Income Tax system is being transformed between 209 and 2013. Tax brackets and the previously existing tax credit is being abolished and this changes the net/gross income ratios in all income categories. This does not only lead to a significant loss in government's income,...

Due to an EU directive, with tight deadlines, the Hungarian government has to work out program, including a pension reform. The plan is to be discussed publicly and made into a law. The last public and detailed pension package was a Working Paper of the National Bank of Hungary, 2016, which...

In Hungary, average initial old age pensions have risen much faster than average pensions over the past decade. Several factors have contributed to this, of which the method of valorization and official earnings statistics are of particular importance. In most countries, initial pensions are...

In Hungary, more than 670,000 SMEs operate (99% coverage), which employ the 70% of all employees, more than 1.9 million people. The operating small and medium-sized enterprises are characterized by a strong territorial concentration: Central Hungary's weight is outstanding (40%). In the case of...

This paper examines characteristics for participation in active labor market policies assisting the unemployed in turning into entrepreneurs- among those who were registered unemployed for at least one day during 2014-15 in Hungary. Data shows that it is rather the disadvantaged unemployed who...