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Má důchodová reforma se zadlužením smysl?
[Has pension reform with indebtedness a sense?]

Author

Listed:
  • Marek Loužek

Abstract

The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one hand, that it is not necessary to do anything, and on the other hand, that a mandatory funded system should be implemented. Both approaches are false, because of creating overwhelming explicit debts. The author recommends an evolutionary approach founded upon decreasing of PAYG in combination with voluntary savings.

Suggested Citation

  • Marek Loužek, 2006. "Má důchodová reforma se zadlužením smysl? [Has pension reform with indebtedness a sense?]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(2), pages 247-260.
  • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:2:id:556:p:247-260
    DOI: 10.18267/j.polek.556
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    References listed on IDEAS

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    More about this item

    Keywords

    pension reform; transition; social insurance; endogenous fertility; Ricardo-Barro-hypothesis;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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