Transformation in Central and Eastern Europe : economic theory in pratice : provision of private pension schemes in Poland

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Title: Transformation in Central and Eastern Europe : economic theory in pratice : provision of private pension schemes in Poland
Authors: Durkan, Joe
McDowell, Moore
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Date: 1993
Abstract: This paper considers the problems of the social security system in relation to pensions in Poland. It concludes that the system that prevailed up to recently had the capacity to cause the Social Insurance Fund to be permanently in deficit because of structural issues deriving from the conditions of the scheme, early retirement and recent increases in the dependency rate. Over the long term this deficit was likely to widen for demographic reasons. The recent reforms are unlikely to eleminate the deficit, so that the system may be driven to the private provision of pensions. This in turn raises fundamental property right issues. Finally, the issue of the private provision of pensions need to be seen in the light of the economy's need for domestic saving and financial markets and instruments to accelerate development.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Policy Papers; PP93/1
Copyright (published version): Centre for Economic Research 1993
Subject LCSH: Poland--Economic conditions
Social security--Poland
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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