Pension Reform in the Czech Republic - A Contribution into the Debate

Marek Loužek

Prague Economic Papers, 2007, vol. 2007, issue 1, 55-69

Abstract: The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one hand, it is not necessary to do anything, and on the other hand, that a mandatory funded system should be implemented. Both approaches are false because of creating overwhelming explicit debts. The author recommends an evolutionary approach based on decreasing PAYG in combination with voluntary savings.

Keywords: transition; pension reform; social security insurance; endogenous fertility; Ricardo-Barro hypothesis (search for similar items in EconPapers)
JEL-codes: D02 D91 H62 J26 (search for similar items in EconPapers)
Date: 2007
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DOI: 10.18267/j.pep.297

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