Abstract
First of all, recall our outline of the method of Generational Accounting at the end of Chapter 8. In the present chapter we depict the corresponding calculations of R. I. Gal, A. Simonovits and G. Tarcali concerning the Hungarian pension system (Gal et al., 2001). We emphasize the following specifics of our work. Generational accounting does not give a forecast but computes the long-run consequences of the maintenance of present trends. It gives forecasts only for the demographic processes which are more or less independent of the economy. (Note, however, that Philipson-Becker (1998) argue that a higher annual pension benefit yields a higher life expectancy.) There is no alternative, since according to conventional wisdom it is aging which is mainly to blame for intercohort tensions.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Copyright information
© 2003 AndrĂ¡s Simonovits
About this chapter
Cite this chapter
Simonovits, A. (2003). Generational pension accounting for Hungary. In: Modeling Pension Systems. Palgrave Macmillan, London. https://doi.org/10.1057/9780230597693_19
Download citation
DOI: https://doi.org/10.1057/9780230597693_19
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-4039-1525-2
Online ISBN: 978-0-230-59769-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)