Pension Reform and Intergenerational Redistribution in Hungary
运用代际核算技术量化1998年匈牙利养老金改革对可持续性和代际再分配的影响，发现改革显著减少了长期失衡，并揭示了不同代际的净贡献差异。
We apply the technique of generational accounting so as to quantify the effects of the 1998 Hungarian pension reform on sustainability and intergenerational redistribution. We find that the initially severe long-term imbalance has been significantly reduced. The effects of particular measures of the reform package are shown separately. By completing the data matrix with retrospective figures, we also compare lifetime net contributions of cohorts. It reveals that the first fifty cohorts entering the PAYG scheme came out winners of intergenerational redistribution. We also find that currently living generations will foot the bill of the ill-designed system instead of leaving it to the future. The reform added the to burden of cohorts born between 1948 and 1962 in particular.