A fiscal outlook for Poland using Generational Accounts
AbstractDuring the next few decades the populations of most developed countries will grow older and older as a result of the low fertility rates since the 1970s and/or the continuously increasing life expectancy. Poland, one of the biggest countries in Central Europe, will be confronted rather seriously by this development. Generational Accounting which was introduced in the early nineties, can illustrate the effects of this ageing process on a country’s fiscal situation. We show that the demographic development produces a major problem for the long term stability of Polish public finances. In particular the healthcare system deserves special attention for policy makers in the medium and long run, whilst the general pension system shall stabilise in the long term.
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Bibliographic InfoPaper provided by National Bank of Poland, Economic Institute in its series National Bank of Poland Working Papers with number 85.
Date of creation: 2011
Date of revision:
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More information through EDIRC
Generational Accounting; Fiscal sustainability; Fiscal policy; Poland; Pension reform;
Find related papers by JEL classification:
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
- H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
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