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EN
The effectiveness and the efficiency of the pension system is a problem that is not frequently mentioned in scientific writing, especially in its praxeological context. The objective of the article is to present the concept of the praxeological approach to assessment of the pension system. The first part of the article presents the objectives of the pension system. In the second part the praxeological approach to the assessment of pension system is discussed. The third part includes the definition and the multidimensional characteristics of the effectiveness and efficiency of the pension system. In the fourth part the concept of the measurement of effectiveness and efficiency with the use of multidimensional statistical analysis is proposed.
EN
Considering the most recent changes in the pension systems in Europe, this article aims to evaluate whether there is any relationship between the employment rates of older cohorts and the employment and unemployment rates in the youngest cohorts of a productive age. Its key finding is that there is no evidence that would indicate that the lower professional activity of older people is accompanied by higher employment and lower unemployment among young people. On the contrary, the study reveals that the higher the labour force participation among the elderly, the better the situation for young cohorts in the labour market. As demonstrated by the results of our empirical research, factors such as unfavourable demographics and the inefficiency of government policy aiming at stimulating the development of the labour market influence the prospects of young people entering this market.
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