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The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one …
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reform already started. …
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The paper deals with a wide-spread myth that a switch from a PAYG to a funded pension system might solve adverse consequences of the population aging. It is shown, that under additional assumptions the pension debt (which is created during the process of the switch) is exactly equal to the value...
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terms and concepts used in the pension reform discussion. The second part classifies pension systems from different … perspectives and discusses some of the factors relevant for the Czech reform effort. The last part brings the main arguments of the … pension reform is a rather complex problem where no fast, simple and impartial view solutions exist. Rather than giving any …
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