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The Public Pension System in the Czech Republic from the Point of View of Public Finance

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  • Bezdek, Vladimir
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    Abstract

    The Czech public pension system is fiscally unsustainable in the long run because of population ageing, which is particularly pronounced in the Czech Republic. Some parametrical adjustments have been implemented since the beginning of the 1990s, but in contrast to other central European transition countries, the Czech pension scheme is still awaiting a fundamental reform. An independent working group was established in 2004 to analyse the pension reform proposals of the main political parties, and is expected to finalise its analysis by mid-2005. Its results will ideally contribute to the pension reform process, although the timing of the pension reform remains uncertain owing to political considerations.

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    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14228/1/pie_dp257.pdf
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    Bibliographic Info

    Paper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series Discussion Paper with number 257.

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    Length: 21 p.
    Date of creation: Mar 2005
    Date of revision:
    Handle: RePEc:hit:piedp1:257

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    Keywords: public pension system; PAYG; pension debt;

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    References

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    1. Vladimir Bezdek & Kamil Dybczak & Ales Krejdl, 2003. "Czech Fiscal Policy: Introductory Analysis," Working Papers 2003/07, Czech National Bank, Research Department.
    2. Alfredo Cuevas & G. A. Mackenzie & Philip R. Gerson, 1997. "Pension Regimes and Saving," IMF Occasional Papers 153, International Monetary Fund.
    3. Deborah Roseveare & Willi Leibfritz & Douglas Fore & Eckhard Wurzel, 1996. "Ageing Populations, Pension Systems and Government Budgets: Simulations for 20 OECD Countries," OECD Economics Department Working Papers 168, OECD Publishing.
    4. Kotlikoff, Laurence, 1996. "Privatizing School Security at Home and Abroad," American Economic Review, American Economic Association, vol. 86(2), pages 368-72, May.
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    Cited by:
    1. Ondřej Schneider & Tomáš Jelínek, 2005. "Distributive Impact of Czech Social Security and Tax Systems: Dynamics in Early 2000s," Prague Economic Papers, University of Economics, Prague, vol. 2005(3), pages 221-237.

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