After discussing the evolution of the policy dialogue in Hungary, this report broadly describes the reform of the pay-as-you-go public pension system and its partial privatization as legislated in July 1997. Through a combination of a debt and tax financed transition, the first partial pension privatization in Central Europe is shown to generate increased national savings while placing the pension system on a more sustainable course. The potential...
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1998/04/01
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Working Paper (Numbered Series)
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20048
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1
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1
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2014/09/04
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Disclosed
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The Hungarian pension system in transition
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accounting
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Citation
Palacios,Robert J.; De Rezende Rocha,Roberto.
The Hungarian pension system in transition (English). Social protection discussion paper ; no. 9805 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/318781468036849307