Generational Accounting and Hungarian Pension Reform

Gá ; l, Ró ; bert I. ; Simonovits, Andrá ; s ; Tarcali, Gé ; za

World Bank, Washington, DC

关键词: ACCOUNTING;    ACCOUNTINGS;    ACCRUAL RATE;    ACCRUAL RATES;    ANNUAL RETURNS;   

RP-ID  :  90343

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The essence of generational accountingis to break down total net contributions in a given year toeach cohort and to project this profile into the future.Using additional assumptions on the discount rate and thegrowth of productivity and population, the per capita netcontribution of future generations can be determined, whichsatisfies the inter-temporal budget constraint. Generationalaccounts in the Hungarian pension system show that the 1997reform package significantly reduced the financial tensiongenerated by demographic and institutional factors.