Beschreibung
The paper Georgian Pension System under Reform is one of the Giorgi Rostiashvilis work, which was done in frames of the Lane Kirkland Scholarships Program. The research was done during 2016-2017 academic year. The main topic of study refers to the public and private pillars of the pension systems in Georgia and Poland. It briefly overviews the Welfare State concept, social expenses categories, as well as Georgian and Polish pension systems. In the JEL classification system the following key categories are included: government and policy regulation, nonfinancial financial institutions, social security and public pensions. The necessity for the pension system reform in Georgia is obvious. Reform process is quite challenging as our economy is in still developing phase. Management of pension funds are tightly connected to the capital market. As the capital market strategy is being developed in parallel of pension fund scheme, it contains some uncertainty and risk of failure. Though the current system does not meet the requirements of liberal economy and it ought to be changed. Moving to a new system will take a long time but the shift from the old one to new one should be smooth.
Autorenporträt
The author has over five years experience of monitoring public finance in Georgia. He was awarded The Lane Kirkland Scholarship for 2016-17 academic year. His main research interests include public finance, economic policy, Global Financial Crisis, US economy etc. He is currently working for the supreme audit institution in Georgia.
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