Nikola Altiparmakov
Biographic Data
| ID | 5821719 |
|---|---|
| NAME | Nikola Altiparmakov |
| GIVEN NAMES | Nikola |
| FAMILY NAME | Altiparmakov |
| SIGNATURE | ALTIPARMAKOV N |
| AFFILIATIONS | Fiscal Council, Republic of Serbia |
| ORCID | 0000-0001-6955-5395 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 13 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2011 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 2 |
The 2022 Greek pension reform: The rebirth of carve‐out privatization in Eastern Europe
After a decade of unprecedented austerity, Greece abruptly changed the course of pension consolidation in 2022 and implemented the controversial carve‐out pension funding approach, whereby a portion of existing pay‐as‐you‐go (PAYG) contributions are diverted to fund individual pension savings, thus undermining the financing of existing PAYG pensions. Although inspired by the World Bank’s 1994 pension privatization blueprint, the Greek 2022 reform…
Years of averting the old age crisis in Eastern Europe
The influential World Bank Averting the old-age crisis study profoundly influenced pension policies around the globe, but nowhere more so than in Eastern Europe. While Western Europe dismissed radical carve-out pension privatization initiatives, Eastern European countries with similar Pas-As-You-Go legacies pursued World Bank reforms hoping to increase retirement incomes, spur economic growth, and hedge political risks inherent in public systems.…
Another look at causes and consequences of pension privatization reform reversals in Eastern Europe
In order for ‘carve-out’ pension privatization to improve long-term sustainability, the transition should not be predominantly debt financed, and private pension funds should deliver (net) rates of return tangibly higher than gross domestic product (GDP) growth. We show that none of the reforming countries in Eastern Europe was successful in fulfilling these two preconditions, even before the emergence of the global financial crisis. While existi…
A call for more elaborate and transparent pension data to inform policy‐making: A critical examination of W orld B ank data for E astern E urope
This article offers a critical analysis of the methods by means of which data relating to the performance of second pillar pension schemes are collated, compared and reported. This is done with regard to the performance of mandatory private second pillar pension funds in E astern E urope. By critically examining data published in a number of W orld B ank studies, and through the identification of data problems and irregularities, the article argu…
A macro-financial analysis of pension system reforms in emerging Europe: The performance of IRAs and policy lessons for Serbia
The article explores the initial macro-financial performance of partial pension system “privatizations”— involving privately-managed individual retirement savings accounts (IRAs) — undertaken in many emerging European countries. Using empirical data for a period of close to a decade, the evidence shows that returns on privately-managed IRAs have been below the implicit rate of return of public pay-as-you-go (PAYG) systems. High operating costs an…
Another look at causes and consequences of pension privatization reform reversals in Eastern Europe
In order for ‘carve-out’ pension privatization to improve long-term sustainability, the transition should not be predominantly debt financed, and private pension funds should deliver (net) rates of return tangibly higher than gross domestic product (GDP) growth. We show that none of the reforming countries in Eastern Europe was successful in fulfilling these two preconditions, even before the emergence of the global financial crisis. While existi…
A call for more elaborate and transparent pension data to inform policy‐making: A critical examination of W orld B ank data for E astern E urope
This article offers a critical analysis of the methods by means of which data relating to the performance of second pillar pension schemes are collated, compared and reported. This is done with regard to the performance of mandatory private second pillar pension funds in E astern E urope. By critically examining data published in a number of W orld B ank studies, and through the identification of data problems and irregularities, the article argu…
A macro-financial analysis of pension system reforms in emerging Europe: The performance of IRAs and policy lessons for Serbia
The article explores the initial macro-financial performance of partial pension system “privatizations”— involving privately-managed individual retirement savings accounts (IRAs) — undertaken in many emerging European countries. Using empirical data for a period of close to a decade, the evidence shows that returns on privately-managed IRAs have been below the implicit rate of return of public pay-as-you-go (PAYG) systems. High operating costs an…
The 2022 Greek pension reform: The rebirth of carve‐out privatization in Eastern Europe
After a decade of unprecedented austerity, Greece abruptly changed the course of pension consolidation in 2022 and implemented the controversial carve‐out pension funding approach, whereby a portion of existing pay‐as‐you‐go (PAYG) contributions are diverted to fund individual pension savings, thus undermining the financing of existing PAYG pensions. Although inspired by the World Bank’s 1994 pension privatization blueprint, the Greek 2022 reform…
A macro-financial analysis of pension system reforms in emerging Europe: The performance of IRAs and policy lessons for Serbia
The article explores the initial macro-financial performance of partial pension system “privatizations”— involving privately-managed individual retirement savings accounts (IRAs) — undertaken in many emerging European countries. Using empirical data for a period of close to a decade, the evidence shows that returns on privately-managed IRAs have been below the implicit rate of return of public pay-as-you-go (PAYG) systems. High operating costs an…
A call for more elaborate and transparent pension data to inform policy‐making: A critical examination of W orld B ank data for E astern E urope
This article offers a critical analysis of the methods by means of which data relating to the performance of second pillar pension schemes are collated, compared and reported. This is done with regard to the performance of mandatory private second pillar pension funds in E astern E urope. By critically examining data published in a number of W orld B ank studies, and through the identification of data problems and irregularities, the article argu…
Another look at causes and consequences of pension privatization reform reversals in Eastern Europe
In order for ‘carve-out’ pension privatization to improve long-term sustainability, the transition should not be predominantly debt financed, and private pension funds should deliver (net) rates of return tangibly higher than gross domestic product (GDP) growth. We show that none of the reforming countries in Eastern Europe was successful in fulfilling these two preconditions, even before the emergence of the global financial crisis. While existi…
Years of averting the old age crisis in Eastern Europe
The influential World Bank Averting the old-age crisis study profoundly influenced pension policies around the globe, but nowhere more so than in Eastern Europe. While Western Europe dismissed radical carve-out pension privatization initiatives, Eastern European countries with similar Pas-As-You-Go legacies pursued World Bank reforms hoping to increase retirement incomes, spur economic growth, and hedge political risks inherent in public systems.…
The 2022 Greek pension reform: The rebirth of carve‐out privatization in Eastern Europe
After a decade of unprecedented austerity, Greece abruptly changed the course of pension consolidation in 2022 and implemented the controversial carve‐out pension funding approach, whereby a portion of existing pay‐as‐you‐go (PAYG) contributions are diverted to fund individual pension savings, thus undermining the financing of existing PAYG pensions. Although inspired by the World Bank’s 1994 pension privatization blueprint, the Greek 2022 reform…
Economics (5 works) · Finance (5 works) · Financial Literacy, Pension, Retirement Analysis (5 works) · Pension (5 works) · Global Health Care Issues (4 works) · Business (3 works) · Economic policy (3 works) · Finance (3 works) · Housing, Finance, and Neoliberalism (3 works) · Political science (3 works)