Implications of economic transition and demographics for financing pensions in the former socialist economies

Jenkins, G.P.

Public Finance 48(Suppl): 253-265


ISSN/ISBN: 0033-3476
PMID: 12233621
Document Number: 366343
"This paper is concerned primarily with the financing of pensions, or the old-age income maintenance portion of the social security system. While the discussion here will be limited to Hungary and Poland, most of the post-socialist countries of East and Central Europe and of the former Soviet Union face similar problems." The author suggests "a set of alternative pension financing strategies....A novel approach is to replace the payroll tax with part of a value-added tax, which may be a good short run solution to current financial crises of the pension systems in these countries."

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