Averting the funding-gap crisis: East European pension reforms since 2008
- 6 December 2012
- journal article
- research article
- Published by SAGE Publications in Global Social Policy
- Vol. 12 (3), 283-299
- https://doi.org/10.1177/1468018112455653
Abstract
This article analyses pension reforms in Central and East European countries in the aftermath of the 2008 financial crisis. The crisis revealed unresolved problems in the implementation of previous reforms, namely the financing of the transition costs. In their attempts to solve the funding-gap issue, the reforms needed to address legacies of past choices as well as the exceptional circumstances of the crisis. The interaction of fiscal constraints and political conditions shaped the variety of these reform outcomes.Keywords
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