Generational Accounting and Hungarian Pension Reform

Show simple item record

collection.link.223
https://openknowledge.worldbank.org/handle/10986/13084
collection.name.223
Social Protection and Labor Discussion Papers
dc.contributor.author
Gál, Róbert I.
dc.contributor.author
Simonovits, András
dc.contributor.author
Tarcali, Géza
dc.date.accessioned
2014-09-17T21:14:55Z
dc.date.available
2014-09-17T21:14:55Z
dc.date.issued
2001-10
dc.date.lastModified
2021-04-23T14:03:54Z
dc.description.abstract
The 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.identifier
http://documents.worldbank.org/curated/en/2001/10/20170673/generational-accounting-hungarian-pension-reform
dc.identifier.uri
http://hdl.handle.net/10986/20233
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Social protection and labor discussion paper;no. 0127
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTING
dc.subject
ACCOUNTINGS
dc.subject
ACCRUAL RATE
dc.subject
ACCRUAL RATES
dc.subject
ANNUAL RETURNS
dc.subject
ANNUITIES
dc.subject
BENEFICIARIES
dc.subject
BENEFIT FORMULA
dc.subject
BENEFIT PAYMENT
dc.subject
BEQUESTS
dc.subject
BUDGET CONSTRAINT
dc.subject
BUDGET DEFICIT
dc.subject
COMPENSATION
dc.subject
CONTRIBUTION RATE
dc.subject
DEBT BURDEN
dc.subject
DEFICIT FINANCING
dc.subject
DEFICITS
dc.subject
DEFINED BENEFIT
dc.subject
DEFINED BENEFIT PLAN
dc.subject
DEMOGRAPHIC
dc.subject
DISABILITY
dc.subject
DISABILITY PENSIONS
dc.subject
DISBURSEMENTS
dc.subject
DISCOUNT RATE
dc.subject
DISCOUNT RATES
dc.subject
ELDERLY
dc.subject
FEMALE
dc.subject
FERTILITY
dc.subject
FINANCIAL CRISIS
dc.subject
FISCAL BALANCE
dc.subject
FISCAL POLICY
dc.subject
FULL EMPLOYMENT
dc.subject
FUNDED SCHEME
dc.subject
GENERATIONAL ACCOUNT
dc.subject
GENERATIONAL ACCOUNTING
dc.subject
GENERATIONAL ACCOUNTINGS
dc.subject
GENERATIONAL ACCOUNTS
dc.subject
GOVERNMENT BONDS
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GOVERNMENT GUARANTEE
dc.subject
GOVERNMENT SUBSIDIES
dc.subject
GROSS WAGE
dc.subject
GROSS WAGES
dc.subject
GROWTH RATE
dc.subject
HEALTH CARE
dc.subject
HUMAN DEVELOPMENT
dc.subject
HUMAN RESOURCES
dc.subject
IMPLICIT DEBT
dc.subject
IMPLICIT PENSION DEBT
dc.subject
INCOME GROWTH
dc.subject
INCOME TAX
dc.subject
INCOMES
dc.subject
INDEBTEDNESS
dc.subject
INDIVIDUAL ACCOUNTS
dc.subject
INFLATION
dc.subject
INSURANCE
dc.subject
INTEREST RATES
dc.subject
INTERGENERATIONAL TRANSFERS
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
LABOR INCOME
dc.subject
LABOR MARKET
dc.subject
LEGISLATION
dc.subject
LIFE EXPECTANCY
dc.subject
LIFE INSURANCE
dc.subject
LONG-TERM GOVERNMENT SECURITIES
dc.subject
LONGEVITY RISKS
dc.subject
MANDATORY RETIREMENT
dc.subject
MATERNITY LEAVE
dc.subject
MATURITY
dc.subject
NATIONAL PENSION
dc.subject
NET WAGES
dc.subject
OLD -AGE PENSIONS
dc.subject
OLD-AGE PENSION
dc.subject
OUTPUT
dc.subject
PARTIAL INDEXATION
dc.subject
PAYROLL TAXES
dc.subject
PENSION
dc.subject
PENSION ACCOUNT
dc.subject
PENSION ACCOUNTS
dc.subject
PENSION ADMINISTRATION
dc.subject
PENSION BASE
dc.subject
PENSION BENEFITS
dc.subject
PENSION CONTRIBUTION
dc.subject
PENSION CONTRIBUTIONS
dc.subject
PENSION FORMULA
dc.subject
PENSION FUND
dc.subject
PENSION FUND MEMBERS
dc.subject
PENSION FUNDS
dc.subject
PENSION INSURANCE
dc.subject
PENSION LAW
dc.subject
PENSION REFORM
dc.subject
PENSION SYSTEM
dc.subject
PENSION SYSTEMS
dc.subject
PENSIONER
dc.subject
PENSIONERS
dc.subject
PENSIONS
dc.subject
PERSONAL INCOME
dc.subject
POLITICAL RISK
dc.subject
POLITICAL RISKS
dc.subject
PRIVATE MANAGEMENT
dc.subject
PRIVATE PENSION
dc.subject
PRIVATE PENSION FUNDS
dc.subject
PRIVATE PENSIONS
dc.subject
PRIVATE PILLAR
dc.subject
PRIVATE SAVINGS
dc.subject
PRIVATIZATION
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC GOOD
dc.subject
PUBLIC GOODS
dc.subject
PUBLIC INVESTMENTS
dc.subject
PUBLIC PENSION
dc.subject
PUBLIC PILLAR
dc.subject
PUBLIC SYSTEM
dc.subject
RATE OF RETURN
dc.subject
RATES OF RETURN
dc.subject
REAL INTEREST
dc.subject
REAL INTEREST RATE
dc.subject
REAL TERMS
dc.subject
REPLACEMENT RATE
dc.subject
REPLACEMENT RATES
dc.subject
RESERVE
dc.subject
RETIREMENT AGE
dc.subject
RETIREMENT PHASE
dc.subject
RETIREMENT SYSTEM
dc.subject
RETIREMENTS
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
RISK AVERSION
dc.subject
SEXES
dc.subject
SOCIAL PROTECTION
dc.subject
SOCIAL SECURITY
dc.subject
SOCIAL SECURITY CONTRIBUTIONS
dc.subject
SOCIAL SECURITY SYSTEM
dc.subject
SOCIAL SECURITY SYSTEMS
dc.subject
SOCIAL WELFARE
dc.subject
STOCK EXCHANGE
dc.subject
SUSTAINABLE GROWTH
dc.subject
TAX
dc.subject
TAX RATE
dc.subject
WILL
dc.title
Generational Accounting and Hungarian Pension Reform
en
okr.crosscuttingsolutionarea
Gender
okr.date.disclosure
2014-09-03
okr.doctype
Publications & Research :: Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/2001/10/20170673/generational-accounting-hungarian-pension-reform
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Social Protection and Labor
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000470435_20140903135325
okr.identifier.internaldocumentum
20170673
okr.identifier.report
90343
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/03/000470435_20140903135325/Rendered/PDF/903430NWP0P1320Box0385283B00PUBLIC0.pdf
en
okr.region.country
Hungary
okr.topic
Macroeconomics and Economic Growth :: Economic Stabilization
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Gender :: Gender and Law
okr.topic
Pensions and Retirement Systems
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Social Protections and Labor
okr.unit
Social Protect & Labor - GP (GSPDR)
okr.volume
1 of 1

Show simple item record



This item appears in the following Collection(s)