Treść książki
Przejdź do opcji czytnikaPrzejdź do nawigacjiPrzejdź do informacjiPrzejdź do stopki
JaroslavVOSTATEK
DESIGNINGOLD-AGEPENSIONS
Wecomparetheliberal,social-democratic,conservativeandneoliberalregimesof
old-agepensions.Themodernliberaldesigncompriseduniversalormeans-testedpension,
tax-financed.Fromthismodelasolidaritypensionpillarhasremained,withthementioned
productsaspovertyreliefsolutions.Thetypicalfeatureoftheconservativepensiondesigns
isthesegmentation.Thepublicpensionsforcivilservantsmightbeoneofthesegments–
withpensionsamountingtofinalsalary.Othersocialgroupshavetypicallytheirown,so-
cialinsuranceschemes.Thesocial-democraticdesignreliesonauniversalsocialinsurance,
supplementedwithasolidaritypillar.Inpractice,theconservativeandsocial-democratic
pensionschemeshavebeenconvergingtoauniversalsocialinsurance,supplementedwith
occupationalschemes.Pensionreformsofmanycountrieshaveresultedinafullorpartial
privatizationofpublicpensions,whichisveryexpensiveandhasmajorfiscalconsequen-
ces.Agingmayserveasapretextforthesereforms.
Keywords:old-agepensions,welfareregime,socialpensions,socialinsurance,
occupationalschemes,pensionpillar,WorldBank
1.INTRODUCTION
Theold-agepensiondesignindemocraticcountriesresultsfrompublicchoice–
withallprosandconsofsuchpoliticalmechanism.Pensionschemeshavenot
comeintoexistenceonthebasisofresearchconductedbyeconomictheoreticians
orothersocialscienceresearchers;ithasalwaysprimarilybeenasocialpolicy
productorpoliticsingeneral,asappropriate.Theobjectiveofthepaperistoapply
thewelfareregimetheoryofEsping-Andersen[1990]toformulatealiberal,con-
*Prof.Ing.JaroslavVostatek,CSc.;HeadofCentreforEconomicStudiesandAnal-
yses,UniversityofFinanceandAdministration.Estonska500,Prague10,CzechRepublic,
jaroslav.vostatek@vsfs.cz
