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Will the Polish pension system go bankrupt?

Author

Listed:
  • Jakub Sawulski
  • Iga Magda
  • Piotr Lewandowski

Abstract

How will the rapid ageing of the population affect pension expenditure in Poland? Jakub Sawulski, Iga Magda and Piotr Lewandowski show that pension expenditure will remain at a level similar to now until 2060. The most important factor preventing an increase in pension expenditure will be a drop in the level of pension benefits. The average replacement rate (the ratio between a person’s first pension and their last salary) will fall by more than double in Poland, which will be the largest fall among all EU countries.

Suggested Citation

  • Jakub Sawulski & Iga Magda & Piotr Lewandowski, 2019. "Will the Polish pension system go bankrupt?," IBS Policy Papers 02/2019, Instytut Badan Strukturalnych.
  • Handle: RePEc:ibt:ppaper:pp022019
    as

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    File URL: http://ibs.org.pl//app/uploads/2019/06/IBS_Policy_Paper_02_2019_en.pdf
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    References listed on IDEAS

    as
    1. Piotr Lewandowski & Jakub Sawulski & Kamil Stronski, 2016. "Labour market segmentation and the financial situation of the pension system in Poland," IBS Working Papers 10/2016, Instytut Badan Strukturalnych.
    2. Yvan Guillemette & David Turner, 2018. "The Long View: Scenarios for the World Economy to 2060," OECD Economic Policy Papers 22, OECD Publishing.
    3. Piotr Lewandowski & Kamil Stronski & Roma Keister, 2015. "Labour market segmentation and pensions in the Polish defined-contribution scheme," IBS Working Papers 9/2015, Instytut Badan Strukturalnych.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    pension system; pensions; public finance;

    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

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