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cross section of countries make it clear that urbanization and industrialization are strongly associated with the rise of …
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attention to the rules of retirement in Hungary since 1990. In every pension system, there exist two rules which determine how … of the retirement age. Due to erroneous concepts, flexibility has only functioned in a very imperfect form in Hungary …
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In 2011, the Hungarian government introduced seniority pensions (Female40): females, who have been accumulating at least 40 years of eligibility (related to the length of contributions), can retire at any age without actuarial benefit reduction. The elimination of other early retirement scheme...
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coefficients in Austria, Hungary, Germany and Sweden for several years and categories; and obtain a mixed picture. Hungary stands …
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. Before 2010, Hungary was a liberal democracy dominated by populist economic policies. We call this the period of democratic …
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This paper discusses design errors in public pension systems, using Hungary as an illus-tration. When the communist …
Persistent link: https://www.econbiz.de/10010371398
Nonfinancial defined contribution (NDC) pension systems have recently become popular because they provide the strong incentives of the private funded systems without requiring a difficult transition period. Using the framework of mechanism design, these systems have theoretically been criticized...
Persistent link: https://www.econbiz.de/10009732103