Pension Reforms: Political and Investment Risks, Facts and Experience in the Central European countries

Provider

Czech Science Foundation

Programme

Standard projects

Call for proposals

Standardní projekty 8 (SGA02005GA-ST)

Main participants

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Contest type

VS - Public tender

Contract ID

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Project name in Czech

Penzijní reformy: politická a investiční rizika - zkušenosti zemí střední Evropy

Annotation in Czech

Pension Reforms: Political and Investment RisksFacts and Experience in the Central European countriesWe plan to describe and empirically quantify the political risk of the pay-as-you-go pension systems. At the theoretical and methodological level, we want to derive summary measures of political risk of government-provided unfunded pensions that would allow direct comparison with the investment risk of privately provided funded pensions. We will use this methodology to measure the magnitude and varianceof the changes in the social security wealth for a variety of individuals that were induced by several changes in pension benefit formulas and payroll taxes in the Czech Republic since the 1990's. We will also analyze pension reforms in the Central European countries and how they affected the political risks associated with any pension system. The results should produce an important input into the discussion of the pension reform - a fully qualified decision about the relative importance of

R&D category

ZV - Basic research

CEP classification - main branch

AH - Economics

CEP - secondary branch

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CEP - another secondary branch

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OECD FORD - equivalent branches <br>(according to the <a href="http://www.vyzkum.cz/storage/att/E6EF7938F0E854BAE520AC119FB22E8D/Prevodnik_oboru_Frascati.pdf">converter</a>)

50201 - Economic Theory<br>50202 - Applied Economics, Econometrics<br>50203 - Industrial relations<br>50204 - Business and management<br>50205 - Accounting<br>50206 - Finance

Provider evaluation

V - Vynikající výsledky projektu (s mezinárodním významem atd.)

Project results evaluation

We provided a detailed discussion of political factors and risks in formulating and executing fiscal policy in countries of central Europe (Schneider, 2006b). In the paper, published in Eastern European Economics (a M.E.Sharp journal with the impact fact

Realization period - beginning

Jan 1, 2005

Realization period - end

Jan 1, 2006

Project status

U - Finished project

Latest support payment

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Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data delivery code

CEP07-GA0-GA-U/03:2

Data delivery date

Oct 16, 2007

Total approved costs

852 thou. CZK

Public financial support

852 thou. CZK

Other public sources

0 thou. CZK

Non public and foreign sources

0 thou. CZK