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• W1967765907 abstract "The Turkish pension system began experiencing some structural and fiscal difficulties in the mid-1990s: increasing dependency ratio (e.g., number of beneficiaries per active contributors) and budget transfers to close the deficit in the system. These trends resulted in a crisis in the system, and it thus underwent a major transformation as reforms moved the traditional pay-as-you-go (PAYG) scheme significantly toward privatization and personal responsibility for assuming risk. These changes reflect the interests of business (e.g., ITO, 1999; TISK, 1995; TOSIAD, 1997, 1999, 2004) and international financial institutions (e.g., Government of Turkey, 2004; ILO, 1995; World Bank, 1994). This article establishes the overlooked underlying causes of the crisis by analyzing the Turkish pension data from a post Keynesian macroeconomic perspective. It argues that the problems of the Turkish pension system do not lie in the design of the traditional system (i.e., PAYG) but in the changes that have taken place in ind..." @default.
• W1967765907 created "2016-06-24" @default.
• W1967765907 creator A5003054613 @default.
• W1967765907 date "2013-09-23" @default.
• W1967765907 modified "2023-09-25" @default.
• W1967765907 title "The crisis in the Turkish pension system: a post Keynesian perspective" @default.
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• W1967765907 doi "https://doi.org/10.2753/pke0160-3477360107" @default.
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