What is the cost of pension reform reversal in Slovakia and could the NDC scheme solve the fiscal imbalance of payg scheme?

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dc.contributor.authorŠebo, Ján
dc.contributor.authorDanková, Daniela
dc.contributor.authorKrálik, Ivan
dc.date.accessioned2021-06-11T11:34:03Z
dc.date.available2021-06-11T11:34:03Z
dc.date.issued2021
dc.description.abstractIn this study, by applying microsimulation pension model supported by statistical and administrative data on Slovak population, we analyze the fiscal and redistributive consequences of retirement age ceiling and impact of NDC scheme introduction on the Slovak pay-as-you-go pillar fiscal balance and expected pension benefits. However, we work with some limitations on the NDC set-up according to the preferences defined by the governmental institutions. The paper is organized as follows: The second section discusses current knowledge and existing papers dealing with pension reform, reform reversals supported by rising pension populism and existing experience with the introduction of NDC schemes. Third section presents more details on Slovak pension system and elaborates details on the research objective, data, and methodology with the presentation of no-policy change set-up as well as NDC scheme set-up. Fourth section presents the research results of the fiscal and redistribution implications of the policies examined and discusses the findings and potential challenges that need to be further elaborated if the NDC scheme should be implemented, especially the poverty risk for low-income cohorts and minimum retirement income granted to a retiring person regardless the level of paid contributions.en_EN
dc.identifier.citationŠebo J., Danková D., Králik I., What is the cost of pension reform reversal in Slovakia and could the NDC scheme solve the fiscal imbalance of PAYG scheme? W: Pensions today - economic, managerial, and social issues, Chybalski Filip (red.), Marcinkiewicz Edyta (red.), Wydawnictwo Politechniki Łódzkiej, Łódź 2021, s. 116-131, ISBN 978-83-66287-93-8, doi: 10.34658/9788366287938.11
dc.identifier.doi10.34658/9788366287938.11
dc.identifier.urihttps://doi.org/10.34658/9788366287938.11
dc.identifier.urihttp://hdl.handle.net/11652/3519
dc.language.isoenpl_PL
dc.publisherLodz University of Technology Pressen_EN
dc.publisherWydawnictwo Politechniki Łódzkiejpl_PL
dc.relation.ispartofseriesLodz University of Technology Monographs, No. 2355en_EN
dc.relation.ispartofseriesMonografie PŁ;2355pl_PL
dc.rightsThe monograph chapter is published in open access model.en_EN
dc.subjectSlovak pay-as-you-go pension schemeen_EN
dc.subjectnotional defined contribution (NDC) schemeen_EN
dc.subjectretirement ageen_EN
dc.subjectpension schemesen_EN
dc.titleWhat is the cost of pension reform reversal in Slovakia and could the NDC scheme solve the fiscal imbalance of payg scheme?en_EN
dc.typeTUL monograph chapteren_EN
dc.typerozdział monografii PŁpl_PL

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