Izvorni znanstveni članak
The Political Economy of Pension Reforms in Croatia 1991-2006
Igor Guardiancich
Sažetak
After the collapse of ex-Yugoslavia, Croatia inherited a ‘premature’ socialist pay-asyou-go pension system. During the early 1990s, it was used more extensively than elsewhere in Central and Eastern Europe to ease the pains of the country’s transition to a market economy, thereby leaving Croatian pensions in dire nee of reforms. This article will try to meticulously describe the reform process during the period 1991-2006, which was characterised by three relatively independent phases: the first, a retrenchment phase, which condemned a majority of pensioners to old-age poverty; the second, a restructuring phase, which led, under the aegis of international financial institutions, to the legislation of radical reforms; and the third, a populist phase, which undid most of the previous efforts. The article will conclude that this concoction of poverty, agency capture and crony capitalism had a common denominator, that is the struggle for power during the country’s democratic consolidation.
Ključne riječi
Croatia; institutional change; multipillar pension systems; pension reforms; populist measures
Hrčak ID:
16771
URI
Datum izdavanja:
30.6.2007.
Posjeta: 3.043 *