Is the Slovakian pension system prepared for the next decades?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F21%3A00124887" target="_blank" >RIV/00216224:14560/21:00124887 - isvavai.cz</a>
Result on the web
<a href="https://digilib.uhk.cz/bitstream/handle/20.500.12603/489/BUCEK_Jakub_Michal_TOMCO.pdf?sequence=1&isAllowed=y" target="_blank" >https://digilib.uhk.cz/bitstream/handle/20.500.12603/489/BUCEK_Jakub_Michal_TOMCO.pdf?sequence=1&isAllowed=y</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.36689/uhk/hed/2021-01-011" target="_blank" >10.36689/uhk/hed/2021-01-011</a>

Result language
angličtina
Original language name
Is the Slovakian pension system prepared for the next decades?
Original language description
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.
Czech name
—
Czech description
—

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the international scientific conference Hradec Economic Days 2021
ISBN
9788074358227
ISSN
2464-6059
e-ISSN
2464-6067
Number of pages
8
Pages from-to
115-122
Publisher name
University of Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Mar 25, 2021
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000670596900011

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