CEU Electronic Theses and Dissertations, 2014
| Author | Kocsis, Nóra Andrea |
|---|---|
| Title | Modeling the estimated projection of implicit pension debt in Hungary - Is the system sustainable? |
| Summary | In my thesis I am examining the sustainability of the Hungarian pension system after the complete elimination of the second pillar and estimating the future balances of the Pension Insurance Fund in the next decades. My results show that the system works very well until around 2040, when it starts to have more and more deficit. It means that contributions from the active workers do not cover the expenses of the Pension Insurance Fund fully. The main reasons for this phenomenon are related to demographic reasons (population aging, emigration, low activity ratio, etc.). Even though the previous funded system needed significant changes, the current state pension system also has many structural problems that need to be solved. The main task of the Hungarian government now is to find a solution for these controversies and make the system sustainable for the future. |
| Supervisor | Péter Kondor |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2014/kocsis_nora.pdf |
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