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The Political Economy of Pension Reform in Armenia
[journal article]
Abstract In this short article, I discuss some of the political economy aspects of the ongoing pension reform in Armenia. The focus is on two opposing forces - taxpayers' quite significant resistance to the reform vis-à-vis government's imperative to reform due to fiscal constraints - that are likely to shap... view more
In this short article, I discuss some of the political economy aspects of the ongoing pension reform in Armenia. The focus is on two opposing forces - taxpayers' quite significant resistance to the reform vis-à-vis government's imperative to reform due to fiscal constraints - that are likely to shape the outcome of the reform. The discussion is centered around a fiscal contract where the government is forced to make democratic concessions in return for the taxpayers' commitment to comply with its new institutions. I argue that this conflict may push Armenia into a virtuous circle of development.... view less
Keywords
Armenia; reform; pension insurance; tax policy; redistribution
Classification
Public Finance
Document language
English
Publication Year
2014
Page/Pages
p. 2-5
Journal
Caucasus Analytical Digest (2014) 60
ISSN
1867-9323
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0