Macroeconomic Impact Assessment (IOBE - Foundation for Economic & Industrial Research)

The Macroeconomic Impact Assessment estimates the effect of the reform on macroeconomic variables such as the GDP and employment as well as the public finances for the 2022 to 2070 period.  The assessment is focused on the effect of the accumulated reserves of the defined contribution scheme to the Greek economy.  Part of these reserves is directed to the creation of fixed capital within the Greek economy thus stimulating demand and employment and mainly supporting productivity. 

Due to the increase in GDP and employment, the immediate cost to public finances (transition cost) of the reform will be gradually offset by the positive fiscal impact of increased tax revenue.