Institutional interests and institutional change : Poland on the second wave of pension reforms

2014
journal article
article
cris.lastimport.wos2024-04-10T00:13:19Z
dc.abstract.enThe paper discusses mandatory funded pensions seen as a novelty of the first wave of "paradigmatic" pension reforms in emerging market economies and as an institutional device in the very centre of the recent post-2008 change. Evidence from Poland is examined in the context of the pension reform engineering. The central question is for whose welfare or benefit the open pension funds (OFEs) were introduced and why they have been scaled down recently. The perspective taken here is to explain the processes through reconstruction of major interests involved. Under the assumption that the state is the main force at play, the economic and political interests of this party are reconstructed and discussed. The proposition that rising deficits and debts within general government sector provided stimuli for both rise and decline of the OFEs is the very start of the diagnosis. The paper argues that apart from the undesirable outcome of current debt accounting there were fundamental reasons of strategic nature for which government lost its positive interest in the OFEs as an institutional (that is long-run) device.pl
dc.affiliationWydział Zarządzania i Komunikacji Społecznej : Instytut Ekonomii, Finansów i Zarządzaniapl
dc.contributor.authorZąbkowicz, Anna - 132880 pl
dc.date.accession2015-05-22pl
dc.date.accessioned2015-05-26T12:20:02Z
dc.date.available2015-05-26T12:20:02Z
dc.date.issued2014pl
dc.date.openaccess6
dc.description.accesstimepo opublikowaniu
dc.description.additionalBibliogr. s. 63-64pl
dc.description.number3pl
dc.description.physical47-64pl
dc.description.publication0,7pl
dc.description.versionostateczna wersja wydawcy
dc.description.volume9pl
dc.identifier.doi10.12775/EQUIL.2014.024pl
dc.identifier.eissn2353-3293pl
dc.identifier.issn1689-765Xpl
dc.identifier.urihttp://ruj.uj.edu.pl/xmlui/handle/item/8129
dc.identifier.weblinkhttp://apcz.pl/czasopisma/index.php/EQUIL/article/viewFile/EQUIL.2014.024/5043pl
dc.languageengpl
dc.language.containerengpl
dc.rights.licenceCC-BY-ND
dc.share.typeotwarte czasopismo
dc.subject.encapital funded pension schemespl
dc.subject.enopen pension fundspl
dc.subject.enpension reform engineeringpl
dc.subject.enpolitical economy of pension reforms in Polandpl
dc.subtypeArticlepl
dc.titleInstitutional interests and institutional change : Poland on the second wave of pension reformspl
dc.title.journalEquilibriumpl
dc.typeJournalArticlepl
dspace.entity.typePublication
cris.lastimport.wos
2024-04-10T00:13:19Z
dc.abstract.enpl
The paper discusses mandatory funded pensions seen as a novelty of the first wave of "paradigmatic" pension reforms in emerging market economies and as an institutional device in the very centre of the recent post-2008 change. Evidence from Poland is examined in the context of the pension reform engineering. The central question is for whose welfare or benefit the open pension funds (OFEs) were introduced and why they have been scaled down recently. The perspective taken here is to explain the processes through reconstruction of major interests involved. Under the assumption that the state is the main force at play, the economic and political interests of this party are reconstructed and discussed. The proposition that rising deficits and debts within general government sector provided stimuli for both rise and decline of the OFEs is the very start of the diagnosis. The paper argues that apart from the undesirable outcome of current debt accounting there were fundamental reasons of strategic nature for which government lost its positive interest in the OFEs as an institutional (that is long-run) device.
dc.affiliationpl
Wydział Zarządzania i Komunikacji Społecznej : Instytut Ekonomii, Finansów i Zarządzania
dc.contributor.authorpl
Ząbkowicz, Anna - 132880
dc.date.accessionpl
2015-05-22
dc.date.accessioned
2015-05-26T12:20:02Z
dc.date.available
2015-05-26T12:20:02Z
dc.date.issuedpl
2014
dc.date.openaccess
6
dc.description.accesstime
po opublikowaniu
dc.description.additionalpl
Bibliogr. s. 63-64
dc.description.numberpl
3
dc.description.physicalpl
47-64
dc.description.publicationpl
0,7
dc.description.version
ostateczna wersja wydawcy
dc.description.volumepl
9
dc.identifier.doipl
10.12775/EQUIL.2014.024
dc.identifier.eissnpl
2353-3293
dc.identifier.issnpl
1689-765X
dc.identifier.uri
http://ruj.uj.edu.pl/xmlui/handle/item/8129
dc.identifier.weblinkpl
http://apcz.pl/czasopisma/index.php/EQUIL/article/viewFile/EQUIL.2014.024/5043
dc.languagepl
eng
dc.language.containerpl
eng
dc.rights.licence
CC-BY-ND
dc.share.type
otwarte czasopismo
dc.subject.enpl
capital funded pension schemes
dc.subject.enpl
open pension funds
dc.subject.enpl
pension reform engineering
dc.subject.enpl
political economy of pension reforms in Poland
dc.subtypepl
Article
dc.titlepl
Institutional interests and institutional change : Poland on the second wave of pension reforms
dc.title.journalpl
Equilibrium
dc.typepl
JournalArticle
dspace.entity.type
Publication
Affiliations

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