The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023)
The most common policy response to pension account deficit appears to be increasing age of retirement. Many countries with PAYG pension schemes have been experiencing this bitter reality. This paper brings to evidence some parameters of PAYG pension schemes neglected in short political cycles,...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Academy of Economic Studies (ASE)
2024-12-01
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| Series: | European Journal of Interdisciplinary Studies |
| Online Access: | https://ejist.ro/files/pdf/546.pdf |
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| _version_ | 1849422977188233216 |
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| author | Jiri ROTSCHEDL Klára ČERMÁKOVÁ Tizian DICK Tomáš PAVELKA |
| author_facet | Jiri ROTSCHEDL Klára ČERMÁKOVÁ Tizian DICK Tomáš PAVELKA |
| author_sort | Jiri ROTSCHEDL |
| collection | DOAJ |
| description |
The most common policy response to pension account deficit appears to be increasing age of retirement. Many countries with PAYG pension schemes have been experiencing this bitter reality. This paper brings to evidence some parameters of PAYG pension schemes neglected in short political cycles, but important from the long-term perspectives. We use data from the Czech Republic and Germany, two economies close geographically and by population structure, yet different in pension schemes tradition and economic development. By a comparative analysis we show in detailed parameters that a balanced family policy combined with macroeconomic policies may allow keeping retirement age fixed in a sustainable PAYG pension scheme. |
| format | Article |
| id | doaj-art-c70ac8a7a7af45be930b13a7612bf8ea |
| institution | Kabale University |
| issn | 2067-3795 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Academy of Economic Studies (ASE) |
| record_format | Article |
| series | European Journal of Interdisciplinary Studies |
| spelling | doaj-art-c70ac8a7a7af45be930b13a7612bf8ea2025-08-20T03:30:49ZengAcademy of Economic Studies (ASE)European Journal of Interdisciplinary Studies2067-37952024-12-01162255110.24818/ejis.2024.10The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023)Jiri ROTSCHEDLKlára ČERMÁKOVÁTizian DICKTomáš PAVELKA The most common policy response to pension account deficit appears to be increasing age of retirement. Many countries with PAYG pension schemes have been experiencing this bitter reality. This paper brings to evidence some parameters of PAYG pension schemes neglected in short political cycles, but important from the long-term perspectives. We use data from the Czech Republic and Germany, two economies close geographically and by population structure, yet different in pension schemes tradition and economic development. By a comparative analysis we show in detailed parameters that a balanced family policy combined with macroeconomic policies may allow keeping retirement age fixed in a sustainable PAYG pension scheme.https://ejist.ro/files/pdf/546.pdf |
| spellingShingle | Jiri ROTSCHEDL Klára ČERMÁKOVÁ Tizian DICK Tomáš PAVELKA The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023) European Journal of Interdisciplinary Studies |
| title | The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023) |
| title_full | The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023) |
| title_fullStr | The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023) |
| title_full_unstemmed | The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023) |
| title_short | The Sustainability of PAYG Pension Schemes: A Comparative Analysis (1993–2023) |
| title_sort | sustainability of payg pension schemes a comparative analysis 1993 2023 |
| url | https://ejist.ro/files/pdf/546.pdf |
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