Does Future of Social Security System Give Us Hope?

Gazi √úniversitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi, Vol. 6, No. 3, pp. 1-16, 2004‎

15 Pages Posted: 27 Sep 2005

See all articles by Erdal Gumus

Erdal Gumus

Eskisehir Osmangazi University - Department of Public Finance

Abstract

Of the three social security institutions whom constitute the Turkish social security system, two of them, social security institution and the social security institution for self-employed persons, will be unable to meet their liabilities from their own sources until year 2050, thus, by using ILO's data and making various assumptions, we develop a contrafactual privatization alternative, and compare financial situation and effective insurance rates with current system, also, both institutions' financial projections are made and evaluated. This study shows that both institutions' financial deficits could be decreased greatly under privatization alternative.

Note: Downloadable document is in Turkish.

Keywords: Deficits of social security system, Social security institution, Social security institution for self-‎employed persons, privatization of social security system, Pay-as-you-go system

JEL Classification: H55

Suggested Citation

Gumus, Erdal, Does Future of Social Security System Give Us Hope?. Gazi √úniversitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi, Vol. 6, No. 3, pp. 1-16, 2004‎, Available at SSRN: https://ssrn.com/abstract=805884

Erdal Gumus (Contact Author)

Eskisehir Osmangazi University - Department of Public Finance ( email )

Meselik Campus
Eskisehir, 26480
Turkey
+222 239 37 50/1751 (Phone)

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