Is the Slovakian pension system prepared for the next decades?

D 2021

Is the Slovakian pension system prepared for the next decades?

BUČEK, Jakub a Michal TOMČO

Základní údaje

Originální název

Is the Slovakian pension system prepared for the next decades?

Autoři

BUČEK, Jakub a Michal TOMČO

Vydání

11. vyd. Hradec Králové, Proceedings of the international scientific conference Hradec Economic Days 2021, od s. 115-122, 8 s. 2021

Nakladatel

University of Hradec Králové

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

URL

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/21:00124887

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-7435-822-7

ISSN

DOI

https://doi.org/10.36689/uhk/hed/2021-01-011

UT WoS

000670596900011

Klíčová slova česky

penzijní systém; finanční stabilita; minimální věk odchodu do důchodu

Klíčová slova anglicky

pension system; financial stability; minimum retirement age

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 31. 3. 2023 16:06, Mgr. Pavlína Kurková

Anotace

V originále

This paper compares the financial stability of two alternative pension systems in Slovakia – the first one with gradually increasing retirement age and the second one with fixed retirement age. To achieve this goal, we have created a population projection based on the cohort-component model and the financial flows model working with the income and expenditure of the pension fund. We have found that the overall population will face a gradual decline in the size, however the post-productive population will increase until 2060s, which will increase the pressure on the public finance. While the pension system with fixed retirement age will cause higher burden on the pension fund, the costs of the pension system with flexible retirement age are passed on to other areas of the social security system. It is necessary to employ other policies that will increase the productivity, support natality to reverse the negative population projection, or liberate the labour migration to stabilize the public finance in the long run.

Návaznosti

MUNI/A/0906/2019, interní kód MU

Název: Aspekty nástrojů fiskální politiky v kontextu aktuální hospodářské politiky

Investor: Masarykova univerzita, Aspekty nástrojů fiskální politiky v kontextu aktuální hospodářské politiky, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

BUČEK, Jakub a Michal TOMČO. Is the Slovakian pension system prepared for the next decades?. Online. In Jan MAČÍ, Petra MAREŠOVÁ, Krzysztof FIRLEJ, Ivan SOUKAL. Proceedings of the international scientific conference Hradec Economic Days 2021. 11. vyd. Hradec Králové: University of Hradec Králové, 2021, s. 115-122. ISBN 978-80-7435-822-7. Dostupné z: https://doi.org/10.36689/uhk/hed/2021-01-011.

@inproceedings{1728078,
   author = {Buček, Jakub and Tomčo, Michal},
   address = {Hradec Králové},
   booktitle = {Proceedings of the international scientific conference Hradec Economic Days 2021},
   doi = {https://doi.org/10.36689/uhk/hed/2021-01-011},
   edition = {11},
   editor = {Jan MAČÍ, Petra MAREŠOVÁ, Krzysztof FIRLEJ, Ivan SOUKAL},
   keywords = {pension system; financial stability; minimum retirement age},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Hradec Králové},
   isbn = {978-80-7435-822-7},
   pages = {115-122},
   publisher = {University of Hradec Králové},
   title = {Is the Slovakian pension system prepared for the next decades?},
   url = {https://digilib.uhk.cz/bitstream/handle/20.500.12603/489/BUCEK_Jakub_Michal_TOMCO.pdf?sequence=1&isAllowed=y},
   year = {2021}
}

TY  - CONF
ID  - 1728078
AU  - Buček, Jakub - Tomčo, Michal
PY  - 2021
TI  - Is the Slovakian pension system prepared for the next decades?
PB  - University of Hradec Králové
CY  - Hradec Králové
SN  - 9788074358227
KW  - pension system
KW  - financial stability
KW  - minimum retirement age
UR  - https://digilib.uhk.cz/bitstream/handle/20.500.12603/489/BUCEK_Jakub_Michal_TOMCO.pdf?sequence=1&isAllowed=y
N2  - This paper compares the financial stability of two alternative pension systems in Slovakia – the first one with gradually increasing retirement age and the second one with fixed retirement age. To achieve this goal, we have created a population projection based on the cohort-component model and the financial flows model working with the income and expenditure of the pension fund. We have found that the overall population will face a gradual decline in the size, however the post-productive population will increase until 2060s, which will increase the pressure on the public finance. While the pension system with fixed retirement age will cause higher burden on the pension fund, the costs of the pension system with flexible retirement age are passed on to other areas of the social security system. It is necessary to employ other policies that will increase the productivity, support natality to reverse the negative population projection, or liberate the labour migration to stabilize the public finance in the long run.
ER  -

BUČEK, Jakub a Michal TOMČO. Is the Slovakian pension system prepared for the next decades?. Online. In Jan MAČÍ, Petra MAREŠOVÁ, Krzysztof FIRLEJ, Ivan SOUKAL. \textit{Proceedings of the international scientific conference Hradec Economic Days 2021}. 11. vyd. Hradec Králové: University of Hradec Králové, 2021, s.~115-122. ISBN~978-80-7435-822-7. Dostupné z: https://doi.org/10.36689/uhk/hed/2021-01-011.

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