Since the 2008 global financial crisis, those East European countries that had partly privatized their pension systems in the 1990s or early 2000s increasingly scaled back their mandatory private retirement accounts and restored the role of public provision. What explains this wave of reversals...

This paper surveys the most significant problems of the pension systems of EU11 countries. These nations had to transform their old-age social security systems after replacing a state-socialist economic order with a capitalist one. Stressing common as well as specific features, our paper...

This paper discusses the policy lessons learned from the two waves of pension reforms in Eastern European EU member states. It focuses, in particular, on the changing approach to the fiscal implications of pension privatization. In the next section, we provide an overview of the two waves of...