Minimalistic Simulation of Population's Aging Fiscal Implications and the Role of Productivity of Labor
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00095746" target="_blank" >RIV/00216224:14560/14:00095746 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Minimalistic Simulation of Population's Aging Fiscal Implications and the Role of Productivity of Labor
Original language description
The simulation uses four scenarios of population aging and briefly analyses the most likely of them. It uses the number of people of each age and average government’s revenues and expenditures related to citizen of every year of age to calculate total revenues and expenditures for 2013 to 2100. The simulation identifies 2060 to be the most problematic year with the deficit over 11% of GDP. The paper concludes that without increase in labor productivity the population’s ageing leads to the collapse of public finances. At the same time only a slight increase in labor productivity is sufficient to keep the actual level of pensions and budget balanced in the long run.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Hradec Economic Days 2014
ISBN
9788074353703
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
256-262
Publisher name
Gaudeamus
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Jan 1, 2014
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
000398250400032