Pension policy in autocracy: The case of Hungary

Abstract

This purpose of this paper is to analyze pension policy in an autocracy, using contemporary Hungary as a context. The inefficiencies and unfairness of the current policy can be characterized by tensions: the intra- and intercohort polarization of benefits rises, the difference between the loose retirement age for females with long entitlement and the otherwise rigid retirement age widens. Conclusion: it would be easier to reduce these tensions in a rebuilt democracy but even an autocracy cannot avoid some reforms.