Pension Reforms in Central and Eastern Europe : Yet Another Transition ... ?

@inproceedings{Heinrich1997PensionRI,
  title={Pension Reforms in Central and Eastern Europe : Yet Another Transition ... ?},
  author={Georges Heinrich},
  year={1997}
}
  • Georges Heinrich
  • Published 1997
The pay-as-you-go (PAYG) pension schemes in Central and Eastern Europe are on the verge of financial collapse. In this paper, we analyse the causes of the crisis in the old-age income insurance systems and we discuss theoretical and political economy aspects of pensions and retirement behaviour. Piecemeal reforms have created additional distortions in the… CONTINUE READING