The retirement age and the pension system, the labor market and the economy

Agnieszka Chlon-Dominczak, Filip Chybalski and Michal Rutkowski

No 167, mBank - CASE Seminar Proceedings from CASE-Center for Social and Economic Research

Abstract: European countries face a challenge related to the economic and social consequences of their societies’ aging. Specifically, pension systems must adjust to the coming changes, maintaining both financial stability, connected with equalizing inflows from premiums and spending on pensions, and simultaneously the sufficiency of benefits, protecting retirees against poverty and smoothing consumption over their lives, i.e. ensuring the ability to pay for consumption needs at each stage of life, regardless of income from labor.

Keywords: retirement age; pension system; labor market; pension; aging of the population; Poland (search for similar items in EconPapers)
JEL-codes: J14 J21 J26 (search for similar items in EconPapers)
Pages: 43
Date: 2021-02-02
New Economics Papers: this item is included in nep-age and nep-lma
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Citations: View citations in EconPapers (1)

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