The development of Hungary's pension scheme and how it is affected by the economic crisis

Studienarbeit aus dem Jahr 2009 im Fachbereich Politik - Internationale Politik - Thema: Globalisierung, pol. konomie, Note: Sehr gut, Universitt Wien (Politikwissenschaft), Veranstaltung: SE Ageing and Pension Reform Around the World, Sprache: Deutsch, Abstract: Most of the European countries modified or combined their current compulsory state pension systems with voluntary occupational pension scheemes. The frequency of using a second tier of pension funds accumulated in the European Union and the combination of economic growth and labor market developments laid the preconditions for differences in social spending across regions. This paper analyses the relationship between the new openness of the Hungarian market and its effects on the pension scheme. Hence I engage with the research question why the funded pension scheme has been implemented in Hungary and how changes of the old-age provisions can be assessed, under the circumstances of the economic crisis.