Redesigning pension systems

For decades, pension systems were based on the rising revenue generated by an expanding population (demographic dividend). As changes in fertility and longevity created new population structures, however, the dividend disappeared, but pension systems failed to adapt. They are kept solvent by increasing redistributions from the shrinking working-age population to retirees. A simple and transparent structure and individualization of pension system participation are the key preconditions for an intergenerationally just old-age security system.

Pension systems need to be redesigned to accommodate demographic changes. Postponing adjustment simply increases the economic and social costs. The interests of workers (wages) and retirees (benefits) differ. Governments need to make pension systems more transparent and make adjustments to reduce the burden on workers [целевая функция: им бы понедельники взять, да отменить], returning pension systems to a social role.

Это любопытная картинка, но утверждение не то, чтобы однозначно неверное, но верное не всегда

А потом, как водится, орг.выводы: мастерская, договор и протчее

Competing interests

The IZA World of Labor project is committed to the IZA Guiding Principles of Research Integrity. The author declares to have observed these principles.

В любой социальной (да, и не только?) (лже)науке саму науку от ад вокации Х отличишь, такшта Макс Ленин был прав: надо партейность открыто декларировать, как тут и написато.

Redesigning pension systems

The institutional structure of pension systems should follow population developments

Marek Góra

Warsaw School of Economics, Poland, and IZA, Germany