THE IMPACT OF POLISH PENSION REFORM ON PRESENT AND ANTICIPATED CONDITIONS OF PUBLIC FINANCES
Published: 7 May 2016
Abstract: Demographic aging of the population in economically developed countries (including Poland) and significant changes in the labour market (delayed start period of work associated with longer average education period, periods of activity interspersed with periods of unemployment, etc.). - it all creates a very serious challenge to pension systems, which should provide for the maintenance of older people at the end of their professional activity. Pension systems in most countries of the world (including Poland) have lost the ability to self-financing and require funding from the state budget. Therefore construction which institutional and economic functioning of the mechanism of pension systems have a very significant impact on the public finances, they can heat their stability. Attempt to respond to these challenges have been pension reforms introduced in most European Union countries at the turn of the XX and XXI century and in different variants still continues. The aim of this article is to analyze and assess the impact of pension reform in Poland on the current and projected state of the public finance. Polish pension reform and its financial consequences will be confronted with the similar problems of pension reforms in selected CEE countries.
Keywords: pension systems, population aging, pension reforms, public finances
Download full text
Back to the contents of the volume
© 2018 The Author(s). This is an open access article distributed under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/3.0/
, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.