Publication:
Generational Accounting and Hungarian Pension Reform

dc.contributor.authorGál, Róbert I.
dc.contributor.authorSimonovits, András
dc.contributor.authorTarcali, Géza
dc.date.accessioned2014-09-17T21:14:55Z
dc.date.available2014-09-17T21:14:55Z
dc.date.issued2001-10
dc.description.abstractThe essence of generational accounting is to break down total net contributions in a given year to each cohort and to project this profile into the future. Using additional assumptions on the discount rate and the growth of productivity and population, the per capita net contribution of future generations can be determined, which satisfies the inter-temporal budget constraint. Generational accounts in the Hungarian pension system show that the 1997 reform package significantly reduced the financial tension generated by demographic and institutional factors.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/10/20170673/generational-accounting-hungarian-pension-reform
dc.identifier.doi10.1596/20233
dc.identifier.urihttps://hdl.handle.net/10986/20233
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesSocial protection and labor discussion paper;no. 0127
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTINGS
dc.subjectACCRUAL RATE
dc.subjectACCRUAL RATES
dc.subjectANNUAL RETURNS
dc.subjectANNUITIES
dc.subjectBENEFICIARIES
dc.subjectBENEFIT FORMULA
dc.subjectBENEFIT PAYMENT
dc.subjectBEQUESTS
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET DEFICIT
dc.subjectCOMPENSATION
dc.subjectCONTRIBUTION RATE
dc.subjectDEBT BURDEN
dc.subjectDEFICIT FINANCING
dc.subjectDEFICITS
dc.subjectDEFINED BENEFIT
dc.subjectDEFINED BENEFIT PLAN
dc.subjectDEMOGRAPHIC
dc.subjectDISABILITY
dc.subjectDISABILITY PENSIONS
dc.subjectDISBURSEMENTS
dc.subjectDISCOUNT RATE
dc.subjectDISCOUNT RATES
dc.subjectELDERLY
dc.subjectFEMALE
dc.subjectFERTILITY
dc.subjectFINANCIAL CRISIS
dc.subjectFISCAL BALANCE
dc.subjectFISCAL POLICY
dc.subjectFULL EMPLOYMENT
dc.subjectFUNDED SCHEME
dc.subjectGENERATIONAL ACCOUNT
dc.subjectGENERATIONAL ACCOUNTING
dc.subjectGENERATIONAL ACCOUNTINGS
dc.subjectGENERATIONAL ACCOUNTS
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT GUARANTEE
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGROSS WAGE
dc.subjectGROSS WAGES
dc.subjectGROWTH RATE
dc.subjectHEALTH CARE
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectIMPLICIT DEBT
dc.subjectIMPLICIT PENSION DEBT
dc.subjectINCOME GROWTH
dc.subjectINCOME TAX
dc.subjectINCOMES
dc.subjectINDEBTEDNESS
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERGENERATIONAL TRANSFERS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectLABOR INCOME
dc.subjectLABOR MARKET
dc.subjectLEGISLATION
dc.subjectLIFE EXPECTANCY
dc.subjectLIFE INSURANCE
dc.subjectLONG-TERM GOVERNMENT SECURITIES
dc.subjectLONGEVITY RISKS
dc.subjectMANDATORY RETIREMENT
dc.subjectMATERNITY LEAVE
dc.subjectMATURITY
dc.subjectNATIONAL PENSION
dc.subjectNET WAGES
dc.subjectOLD -AGE PENSIONS
dc.subjectOLD-AGE PENSION
dc.subjectOUTPUT
dc.subjectPARTIAL INDEXATION
dc.subjectPAYROLL TAXES
dc.subjectPENSION
dc.subjectPENSION ACCOUNT
dc.subjectPENSION ACCOUNTS
dc.subjectPENSION ADMINISTRATION
dc.subjectPENSION BASE
dc.subjectPENSION BENEFITS
dc.subjectPENSION CONTRIBUTION
dc.subjectPENSION CONTRIBUTIONS
dc.subjectPENSION FORMULA
dc.subjectPENSION FUND
dc.subjectPENSION FUND MEMBERS
dc.subjectPENSION FUNDS
dc.subjectPENSION INSURANCE
dc.subjectPENSION LAW
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONER
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL RISKS
dc.subjectPRIVATE MANAGEMENT
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE PENSION FUNDS
dc.subjectPRIVATE PENSIONS
dc.subjectPRIVATE PILLAR
dc.subjectPRIVATE SAVINGS
dc.subjectPRIVATIZATION
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC PENSION
dc.subjectPUBLIC PILLAR
dc.subjectPUBLIC SYSTEM
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL TERMS
dc.subjectREPLACEMENT RATE
dc.subjectREPLACEMENT RATES
dc.subjectRESERVE
dc.subjectRETIREMENT AGE
dc.subjectRETIREMENT PHASE
dc.subjectRETIREMENT SYSTEM
dc.subjectRETIREMENTS
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK AVERSION
dc.subjectSEXES
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY CONTRIBUTIONS
dc.subjectSOCIAL SECURITY SYSTEM
dc.subjectSOCIAL SECURITY SYSTEMS
dc.subjectSOCIAL WELFARE
dc.subjectSTOCK EXCHANGE
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectWILL
dc.titleGenerational Accounting and Hungarian Pension Reformen
dspace.entity.typePublication
okr.crosscuttingsolutionareaGender
okr.date.disclosure2014-09-03
okr.date.doiregistration2025-05-05T12:12:15.518761Z
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2001/10/20170673/generational-accounting-hungarian-pension-reform
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid654201468154463766
okr.identifier.externaldocumentum000470435_20140903135325
okr.identifier.internaldocumentum20170673
okr.identifier.report90343
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/03/000470435_20140903135325/Rendered/PDF/903430NWP0P1320Box0385283B00PUBLIC0.pdfen
okr.region.countryHungary
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicGender::Gender and Law
okr.topicPensions and Retirement Systems
okr.topicPrivate Sector Development::Emerging Markets
okr.topicSocial Protections and Labor
okr.unitSocial Protect & Labor - GP (GSPDR)
okr.volume1 of 1
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