2008 REFORMU SÜRDÜRÜLEBİLİRLİĞE KATKI YAPIYOR MU?
Makaleler > Tam Makale · 2019
Yazarlar: Çağaçan DEĞER
Sosyal Guvence, Diğer Kurumların Hakemli Dergileri, Uluslararası, TR Dizin (Ulakbim), 2019, ss 1-26
DOI: 10.21441/sosyalguvence.597549
Özet
Due to considerable financial sustainability concerns, Turkey has reformed her social security system. The last leg of this reform process took place in 2008 and included changes in replacement and contribution rates. This paper aims to analyse the impact of the parameter changes on financial sustainability of the system and the consumer well-being. Focus of the analysis is on the changes in the replacement rates and the contribution rates. The paper contributes by providing a complex quantitative analysis of the parameter changes through an OLG (overlapping generations) model. It is found that the simultaneous reduction of replacement and contribution rates is a reform design flaw and actually worsens the deficits of the system. One other finding is that the closer a person is to retirement at the time of the reform, the worse the impact of the reform is on the person.