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@inproceedings{1728078,
author = {Buček, Jakub and Tomčo, Michal},
address = {Hradec Králové},
booktitle = {Proceedings of the international scientific conference Hradec Economic Days 2021},
doi = {http://dx.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 - JOUR
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 and 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}. 11th ed. Hradec Králové: University of Hradec Králové, 2021, p.~115-122. ISBN~978-80-7435-822-7. Available from: https://dx.doi.org/10.36689/uhk/hed/2021-01-011.
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