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The retirement age and the pension system, the labor market and the economy

Author

Listed:
  • Agnieszka Chlon-Dominczak
  • Filip Chybalski
  • Michal Rutkowski

Abstract

European countries face a challenge related to the economic and social consequences of their societies’ aging. Specifically, pension systems must adjust to the coming changes, maintaining both financial stability, connected with equalizing inflows from premiums and spending on pensions, and simultaneously the sufficiency of benefits, protecting retirees against poverty and smoothing consumption over their lives, i.e. ensuring the ability to pay for consumption needs at each stage of life, regardless of income from labor.

Suggested Citation

  • Agnieszka Chlon-Dominczak & Filip Chybalski & Michal Rutkowski, 2021. "The retirement age and the pension system, the labor market and the economy," mBank - CASE Seminar Proceedings 0167, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:mbanks:0167
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    File URL: https://www.case-research.eu/files/?id_plik=6625
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    Cited by:

    1. András Simonovits, 2021. "Introducing Flexible Retirement: A Dynamic Model," Prague Economic Papers, Prague University of Economics and Business, vol. 2021(6), pages 635-653.

    More about this item

    Keywords

    retirement age; pension system; labor market; pension; aging of the population; Poland;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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