Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125283
Authors: 
Góra, Marek
Year of Publication: 
2014
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2014 [Issue:] 51
Abstract: 
For decades, pension systems were based on the rising revenue generated by an expanding population (demographic dividend). As changes in fertility and longevity created new population structures, however, the dividend disappeared, but pension systems failed to adapt. They are kept solvent by increasing redistributions from the shrinking working-age population to retirees. A simple and transparent structure and individualization of pension system participation are the key preconditions for an intergenerationally just old-age security system.
Subjects: 
pension systems
demographic dividend
transparency of institutions
intergenerational conflict
JEL: 
H55
I31
J11
J18
Persistent Identifier of the first edition: 
Document Type: 
Article

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