 Aging Poland: Can the Doomsday Scenario Be Avoided? (Starzejaca sie Polska. Czy mozna uniknac scenariusza katastrofy? )Grzegorz Jedrzejczak ()
Problemy Zarzadzania, 2016, vol. 14, issue 59, 60-72 Abstract: The Doomsday Scenario of too few workers unable to support too many pensioners dominates the public debate about travails of the Polish pension system in not so distant future of the generation currently entering the labor market. We discuss the risk of the Doomsday Scenario, and under what conditions it can be avoided. To that end, we analyze two stylized scenarios: continuation of the current model of intergenerational solidarity between current and past employees, and the case of solidarity of the society at large. We show that the narration that “there will be too few workers to support too many pensioners” is just wrong, both, in terms of necessary financial resources and emerging challenges of the global economy. Poland, as many other countries, must face the challenge of radical reform of the pension system, reform going far beyond the age of retirement. The main challenge will be bigger diversification of available financial products for financing pensions as well as broadening the base of contributors beyond workers. Keywords: pension system financing; challenge of demography; challenge of the global economy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:14:i:59:y:2016:p:60-72 Access Statistics for this article More articles in Problemy Zarzadzania from University of Warsaw, Faculty of Management Contact information at EDIRC. |
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