Adequacy of Retirement Income after Pension Reforms in Central, Eastern and Southern Europe: Eight Country Studies

by Robert Holzmann and Ufuk Guven

The former transition countries of Central, Eastern, and Southern Europe (CESE) inherited defined benefit public pension systems financed on a pay-as-you-go basis. Under central planning, these systems exhibited fiscal strains which worsened during the early years of the transition and became unsustainable under a market economy and projected population aging. All CESE countries introduced reforms that varied but typically focused on issues of sustainability...

• Format: Paperback
• Language: English
• ISBN: 0821377817
• ISBN13: 9780821377819
• Release Date: March 2009
• Publisher: World Bank Publications
• Length: 384 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.8" x 6.0" x 8.9"