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Vacillations around a pension reform trajectory: time for a change?

Tinios, Platon (2010) Vacillations around a pension reform trajectory: time for a change? Hellenic Observatory papers on Greece and Southeast Europe, GreeSE paper no. 34. The Hellenic Observatory, London School of Economics and Political Science, London, UK.

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Abstract

Discussion of pensions in Greece displays a paradox: reform is universally acknowledged to be important, urgent and mature, yet the political class avoid and postpone all discussion. This results in a syncopated reform path. A historical overview indicates that reforms are best understood as interrupted and unsuccessful attempts to complete the original blueprint for the pension system which was formulated in the 1930s. These define a reform trajectory around which there exist centrifugal forces pulling away (cross subsidies), and homeostatic mechanisms bringing back on track (public finance). Thus, the original 1930s design is implicitly accepted as a maximal aim of reform, while the question of its appropriateness is never raised. This analysis explains reform failures by problems in the content and preparation of reforms, rather than on the strength of opposition (which, in any case, was highly predictable). A fresh start, provided there is adequate preparation, is a possible way out of the impasse.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/collections/hellenicObservato...
Additional Information: © 2010 Platon Tinios
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
D History General and Old World > DF Greece
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Sets: Research centres and groups > Hellenic Observatory
Departments > European Institute
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: GreeSE paper no. 34
Date Deposited: 09 Apr 2010 08:58
URL: http://eprints.lse.ac.uk/27674/

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