UPLATNENIE AUTOMATICKÉHO VYROVNÁVACIEHO MECHANIZMU V PRIEBEŽNOM PILIERI DÔCHODKOVÉHO SYSTÉMU V SLOVENSKEJ REPUBLIKE

• Authors: Virdzek Tomáš , Ján Šebo

Title variants

EN

Application of automatic balance mechanism into the PAYG pension system in Slovak Republic

• Languages of publication: SK

Abstracts

EN

Article deals with the existence and functioning of automatic balance mechanism (ABM) in the PAYG pension systems. By uncovering theoretical knowledge on ABM, we focus on its ability to overcome political risks and to stabilize the PAYG system in short and long run without drastic shock interventions, which are politically unstable. Further, we created and applied the ABM model into specific conditions of Slovak PAYG system and found its ability to balance PAYG system on cash and accrual basis. At the same time, we propose inevitable steps and changes in order to implement the model into practice and legislation.

Keywords

EN

PAYG SYSTEM; BALANCE SHEET; AUTOMATIC BALANCE MECHANISM; POLITICAL RISK; PENSION SYSTEM; SLOVAKIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2012
• Volume: 60
• Issue: 5
• Pages: 482 – 494

Contributors

author

Virdzek Tomáš

• Univerzita Mateja Bela v Banskej Bystrici, Ekonomická fakulta, Katedra verejnej ekonomiky, Tajovského 10, 974 01 Banská Bystrica, Slovak Republic

author

Ján Šebo