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Tibor Czeglédi Hungarian Academy of Sciences

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András Simonovits Hungarian Academy of Sciences

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Endre Szabó Hungarian Academy of Sciences

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Melinda Tir Hungarian Academy of Sciences

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A basic problem with the ever-changing Hungarian retirement rules has been that they created excessive shares of gainers and of losers. Certain workers with long (and continuous) employment could retire well below the normal retirement age (NRA) with full benefit. Other workers, with fragmented and therefore short employment had to work until reaching the ever rising NRA. A peculiar consequence of these rules is the strong negative correlation between the retirement age and the length of contribution. Moving in the direction of a fair system, like the Nonfinancial Defined Contribution system, would improve sustainability and fairness.

  • Augusztinovics, M.Gál, R. I.Matits, Á.Máté, L.Simonovits, A.Stahl, J. (2002): The Hungarian Pension System before and after the 1998 Reform. In: Fultz, E. (ed.): Pension Reform in Central and Eastern Europe, Vol. 1–2, Geneva: International Labour Office.

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  • Augusztinovics, M.Köllő, J. (2008): Pension System and Fragmented Labor Market Careers. In: Gál, R. I.Iwasaki, I.Széman, Zs. (eds): Assessing Intergenerational Equity: An Interdisciplinary Study of Aging and Pension Reform in Hungary. Budapest: Akadémiai Kiadó, pp. 154170.

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  • Augusztinovics, M.Köllő, J. (2009): Decreased Employment and Pensions. The Case of Hungary. In: Holzmann, R.MacKellar, L.Repansek, J. (eds): Pension Reform in Southeastern Europe. Linking to Labor and Financial Market Reform. Washington, D.C.: World Bank, pp. 89104.

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  • Bajkó, A.Maknics, A.Tóth, K.Vékás, P. (2015): A magyar nyugdíjrendszer fenntarthatóságáról (On the Sustainability of the Hungarian Pension System). Közgazdasági Szemle, LXII (December): 12291257.

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  • Chan, S.Stevens, A. H. (2004): How does Job Loss Affect the Timing of Retirement? The B.E. Journal of Economic Analysis and Policy, 3(1): 126.

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  • Cseres-Gergely, Zs. (2008): Incentive Effects in the Pension System of Hungary. In: Fazekas, K.Cseres-Gergely, Zs.Scharle, Á. (eds): The Hungarian Labor Market, Review and Analysis. Budapest: Institute of Economics, Research Center for Economics and Regional Sciences, Hungarian Academy of Sciences, pp. 103115.

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  • Eső, P.Simonovits A.Tóth, J. (2011): Designing Benefit Rules for Flexible Retirement: Welfare and Redistribution. Acta Oeconomica, 61(1): 332.

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  • Etgeton, S. (2016): Labor Market Frictions, Retirement and Inequality. Presentation at EEA-ESEM 2016 Conference, Geneva, 22–26 August.

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  • Fazekas, K.Varga, J. (eds) (2015): The Hungarian Labor Market 2015. Budapest: Insitute of Economics, Research Center for Economics and Regional Sciences, Hungarian Academy of Sciences.

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  • Freudenberg, Ch.Berki, T.Reiff, Á. (2016): A Long-Term Evaluation of Recent Hungarian Reforms. Magyar Nemzeti Bank Working Paper, No. WP 2.

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  • Granseth, E.Keck, W.Nagl, W.Simonovits – Tir, M. (2016): Negative Correlation between Retirement Age and Contribution Length? Budapest: Insitute of Economics, Research Center for Economics and Regional Sciences, Hungarian Academy of Sciences, Working Paper, No. 33.

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  • Munnell, A. H.Sanzenbacher, G. T.Webb, A. A.Gillis, Ch. M. (2016): Are Early Claimers Making a Mistake? Boston College, Center for Retirement Research, Working Paper, No. 5.

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  • Simonovits, A. (2008): The Pay-as-You-Go System and the Permanent Reform: The First Pillar. In: Gál, R. I.Iwasaki, I.Széman, Zs. (eds): Assessing Intergenerational Equity. Budapest, Akadémiai Kiadó, pp. 7186.

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  • Simonovits, A. (2016): Intra- and Intergenerational Transfers: Simple Paternalistic Models. Manuscript.

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Senior editors

Editors-in-Chief: István P. Székely, Dóra Győrffy

Editor(s): Judit Ványai

Associate Editors

  • Péter Benczúr, Joint Joint Research Center, European Commission
  • Dóra Benedek, International Monetary Fund
  • Balázs Égert, OECD
  • Dániel Prinz, World Bank
  • Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

  • Anders Åslund, Georgetown University and Advisory Council of CASE, USA
  • István Benczes, Corvinus University of Budapest, Hungary 
  • Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
  • Fabrizio Coricelli, University of Siena, Italy
  • László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
  • Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
  • Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
  • Martin Kahanec, Central European University, Austria
  • Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
  • Péter Mihályi, Corvinus University of Budapest, Hungary
  • Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: vanyai.judit@krtk.hu  

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2023  
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Rank by Impact Factor Q3 (Economics)
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Acta Oeconomica
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Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
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Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

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