Prague Economic Papers 2007, 16(1):55-69 | DOI: 10.18267/j.pep.297

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

Marek Loužek
Center for Economics and Politics and University of Economics, Prague (louzek@post.cz).

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
JEL classification: D02, D91, H62, J26

Published: January 1, 2007  Show citation

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Loužek, M. (2007). Pension Reform in the Czech Republic - A Contribution into the Debate. Prague Economic Papers, 16(1), 55-69. doi: 10.18267/j.pep.297
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