Has pension reform with indebtedness a sense?
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.
Volume (Year): 2006 (2006)
Issue (Month): 2 ()
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