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1

APPLICATION OF THE LIFECYCLE THEORY IN SLOVAK PENSION SYSTEM

100%
Balco M., Šebo J., Mešťan M., Šebová Ľ.
Ekonomický časopis (Journal of Economics)
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2018
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vol. 66
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issue 1
64 – 80
EN
In the wake of population ageing and increasing public pension liabilities, many countries have reformed their pension systems, moving away (at least partially) from defined benefit (DB) pension schemes and towards defined contribution (DC) pension schemes. Slovakia’s reformed its pension system into two main pillars – I. pillar PAYG scheme and II. pillar DC scheme. Slovak pension reform brings up a lot of questions regarding the optimality of two main pillars pension system set up. In this paper, we seek to investigate the effects of different Slovak pension system set up alternatives and their implications on lifecycle savings and individual welfare using own stochastic life cycle model of partial equilibrium. Results could serve as a basis for further discussion on improving the legislature on parameters’ set-up of both pension pillars in Slovakia as well as abroad.
2

STATE OF TOUR OPERATORS IN SLOVAKIA BEFORE THE COVID-19 PANDEMIC

88%
Pompurová K., Šebová Ľ., Šebo J., Valihorová M., Kaščáková A.
Ekonomický časopis (Journal of Economics)
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2021
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vol. 69
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issue 9
975 – 993
EN
The COVID-19 pandemic has significantly paralyzed tour operators’ activities around the world. The purpose of this paper is to analyse the state of tour operators using the example of Slovakia and to point out its specifics that may affect its recovery. This paper identifies active tour operators, recognizing them in terms of selected criteria and uses cluster analysis to reveal consistent groups of enterprises. It is based mostly on content analysis of relevant websites. The results show a moderate level of concentration that characterizes Slovak tour operators with four large enterprises generating more than a third of all revenues. A typical tour operator in Slovakia is an outbound micro-enterprise with 3S mass product which intervenes in the activities of travel agency. The authors estimate that due to the Covid-19 pandemic measures, many tour operators will disappear, transform into pure travel agency or leave mass holiday product.
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