Since 2014
Sustainability of Pension Systems in the Baltic States
Entrepreneurial Business and Economics Review
View Archive Info| Field | Value | |
| Title |
Sustainability of Pension Systems in the Baltic States
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| Creator |
Rajevska, Olga
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| Subject |
D63, H55, H75, J32
pension systems; sustainability; equity; policy formulation; Baltic States — |
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| Description |
Objective: The objective of the paper is to identify how the concept of sustainability is understood and ensured in the pension systems of Estonia, Latvia and Lithuania; and what implications it brings to the performance of pension schemes. Research Design & Methods: Analysis of various conceptual and methodological approaches to the notion of sustainability of pension systems. Comparative analysis of present pension legislation, as well as preceding stage of pension reforms,  accompanied by a number of numerical models. Findings: The understanding of sustainability is limited by narrow ‘fiscal’ meaning in Latvia, compared to more a multifaceted concept that includes the principle of social fairness and which can be traced in the logic of Estonian and Lithuanian legislators. Implications & Recommendations: In the long-term, pure financial appreciation of sustainability is misleading, low level of credibility may cripple a financially sound but socially unfair system; the perceived unfairness of redistribution can undermine the public support to, and, therefore, sustainability of pension systems. Contribution & Value Added: The originality of this work lies in studying how differences at policy formulation stage and in the very design of pension schemes influence pension system sustainability in countries with a very similar initial conditions and socio-economic environment.
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| Publisher |
Cracow University of Economics
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| Contributor |
National Research Program 5.2.
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| Date |
2015-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
//eber.uek.krakow.pl/index.php/eber/article/view/108
10.15678/EBER.2015.030409 |
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| Source |
Entrepreneurial Business and Economics Review; Vol 3, No 4 (2015): Dilemmas of Modern Economy and Business; 139-153
2353-8821 2353-883X |
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| Language |
eng
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| Relation |
//eber.uek.krakow.pl/index.php/eber/article/view/108/pdf
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| Coverage |
Baltic States
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| Rights |
Copyright (c) 2016 Entrepreneurial Business and Economics Review
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