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The Economic Consequences Of Changes In The Functioning Of Open Pension Funds

Author

Listed:
  • Jacek Rodzinka

    (University of Information Technology and Management in Rzeszow)

  • Aleksandra Wojnarowska-Dygdoñ

    (University of Information Technology and Management in Rzeszow)

  • Karolina Palim¹ka

    (University of Information Technology and Management in Rzeszow)

Abstract

The size of the public debt is now one of the main areas of interest of the entire society. As the size of the debt increases with time, one should consider possible ways of reducing it. Decision makers focus both on ways to reduce the increase in public debt and on ways to reduce its size. State expenditure connected with retirement pensions for citizens is one of the most important expenditure problems in the public sector. Retirement security of citizens is the constitutional duty of the state whereas the security of pension systems and protection of the insured are the most important tasks of the government. Thus, one of the most important factors determining the condition of public finances is the efficiency of solutions in the area of pension funds. This article presents the economic consequences of changes in the functioning of pension funds. It was based on the literature and available data on the website of the Ministry of Finance and the website of the Polish Social Insurance Institution.

Suggested Citation

  • Jacek Rodzinka & Aleksandra Wojnarowska-Dygdoñ & Karolina Palim¹ka, 2014. "The Economic Consequences Of Changes In The Functioning Of Open Pension Funds," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(4), pages 15-27, May.
    • Handle: RePEc:rze:efinan:v:10:y:2014:i:4:p:15-27
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    File URL: http://e-finanse.com/artykuly_eng/288.pdf
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    References listed on IDEAS

    as
    1. Tomasz Wo³owiec & Tomasz Skica & Anna Nedyalkova, 2014. "Income Taxation Versus Managerial Decisions," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(4), pages 1-14, May.
    2. Siekmann, Helmut, 2006. "The burden of an ageing society as a public debt," IMFS Working Paper Series 1, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    polish pension system; public debt; pension reform Least Squares Method;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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