POLAND AND GERMANY-A COMPARISON OF SYSTEMS AND PENSION REFORMS IN BOTH COUNTRIES (Polska i Niemcy - porównanie systemów i reform emerytalnych obu krajów)

• Authors: Ruzik-Sierdzinska Anna
• Languages of publication: PL

Abstracts

EN

Aim of the following paper was to compare changes in the German and Polish pension systems caused by demographic and labour market trends observed in recent decades. Since 1990s, those changes were similar in two systems although ways to reach the goal differed. Both countries have obligatory public components of the pension system. There are also so called second pillars, i.e. employees pension plans in Germany and obligatory open pension funds in Poland. Then, there exists the third pillar-voluntary savings for the old age-linked to tax exemptions or subsidies. The result of the described reforms are more favourable forecasts of the financial stability of both pension systems. Another one is also future (and already observed in Germany) increase in the effective retirement age and employment rate of older workers.

Keywords

EN

PENSION FUNDS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wydział Nauk Ekonomicznych Uniwersytetu Warszawskiego
• Journal: Ekonomia. Rynek, Gospodarka, Społeczeństwo
• Year: 2011
• Issue: 27
• Pages: 6-23
• Document type: ARTICLE

Contributors

author

Ruzik-Sierdzinska Anna

• Ruzik-Sierdzinska Anna; Katedra Ekonomii; Szkola Glówna Handlowa; ul. Madalinskiego 6/8; 02-513 Warszawa, Poland

Identifiers

CEJSH db identifier

11PLAAAA102819