Pension systems as risk management: a case of the Baltic states

• Leidėjo tinklalapis: straipsnio tekstas

LTReikšminiai žodžiai: Baltijos šalys (Baltic states); Vyresnio amžiaus žmonės; Pensijos; Gerovės valstybės; Socialinis draudimas; Social insurance; Elderly people; Pensions; Welfare state.

ENThe aim of this chapter is to explore how risk perception and understanding have evolved by means of analysis and synthesis of experience in the functioning of pension systems under the circumstances of high uncertainty. It poses several questions: How do the existing pension schemes in the Baltic states reflect the way these risks are managed? What elements of pension systems are responsible for the implementation of these tasks? What similarities and differences can be found among Latvia, Estonia and Lithuania in the approaches to risk management? The research is based on an analysis of the development of pension legislation in the three countries (laws and cabinet regulations), political documents (for example, reports of the World Bank; Organisation for Economic Co-operation and Development, or OECD; and European Commission, and documents from the International Labour Organization, or ILO) and statistical data (from the Eurostat online database, national social insurance agencies and financial supervisory authorities), demonstrating the performance of the considered pension systems. The author has also used numerous publications of pension system researchers from the Baltic states and their colleagues from other European countries. [Extract, p. 203]