CEU Electronic Theses and Dissertations, 2011
| Author | Trifonov, Petar Yordanov |
|---|---|
| Title | Understanding the Nature of the Recent Pension Reform Reversals: The Cases of Argentina and Hungary |
| Summary | Since 2008, the world has witnessed a new phenomenon, namely partial or comprehensive reverse reforms of the second pension tier. These reforms included nationalization of second pillar private pension funds or redirecting part of the individual accounts’ contributions to the public PAYG first pillars. The current thesis strives to examine the nature of the recent pension reform reversals through the perspectives of the political science, political economy and public finances. The results of this study yield that the two most important factors, that determine the scope of the reforms in the second pension pillar, are the political environment in terms of a stable majority in the country’s legislature and the size of outstanding debt coupled with an aid from the IMF. In addition to these findings, this study reveals that the three-pillar pension model is insufficiently politically isolated and the present thesis may serve as input data for future research in the field. |
| Supervisor | Kemmerling, Achim |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2011/trifonov_petar.pdf |
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