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Original scientific paper

Pension Systems in European Countries and Croatia: Crisis, Reforms and Perspectives

Vlado Puljiz


Full text: croatian pdf 413 Kb

page 27-64

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Full text: english pdf 90 Kb

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Abstract

This paper deals with pension systems in Europe and in Croatia. First it provides an overview of the beginnings of pension systems, their expansion after World War II and their crisis that started in the mid 1970s. Today pension systems are facing enormous challenges, such as demographic regression, financial pressures to enable competitiveness on the globalized market, transformation of economy, particularly of the labor market, and strong resistance of citizens to pension reforms. The paper discusses the various measures undertaken by European countries to adjust pension systems to the new social and economic environment. The paper also describes the Croatian pension system and its transformations in the past decades, pointing out the current issues facing the Croatian pension system and its probable directions of change. It is concluded that long-term sustainability of the pension system depends primarily on economic growth and a diversified financing structure.

Keywords

pension system; pension system crisis; pension reforms; Croatian pension system

Hrčak ID:

77691

URI

https://hrcak.srce.hr/77691

Publication date:

21.2.2012.

Article data in other languages: croatian

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