Abstract In 1998, the left‐of‐centre government of Hungary carved out a second‐pillar
mandatory private pension scheme from the original mono‐pillar public system. Participation …

We compare the pre-and post-2010 Hungarian political regimes through the lens of pension
policies. We label the pre-2010 regime as democratic populist because it was characterized …

Growing fiscal challenges and ageing populations have made pension reform a pressing
issue. Two particularly salient areas of pension reform have been: raising the retirement …

This paper covers the issue of demographic changes in European countries and their impact
on the state pension systems. This author first discusses the current demographic trends …

The goal of this study is to present an insider view on the pension reforms implemented in
Hungary between 1996 and 2009. Both political economy as well as institutional economics …

By 2008, the Hungarian pension system had grown too generous (with the average pension
to average net wage ratio equaling 70%) and the implied contribution rate (32%) was …

In light of an analysis of Hungarian experience and as a result of the lessons that can be
learned from it, I show in this article that the terms of the Stability and Growth Pact (SGP, the …

The World Bank has supported the fundamental reform of unfair and wasteful Pay-As-You-
Go (PAYG) systems around the world since 1994. It sponsors a systemic overhaul that …

By 2008, the Hungarian pension system has become too generous and the implied
contribution rate hindered growth. When the international economic and financial crisis …

The paper analyses the instability of paradigmatic pension reforms enacted in Croatia and
Hungary in the late 1990s. Both countries' policy makers unilaterally overhauled the …