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DETERMINANTS OF HOUSEHOLD SAVING: EVIDENCE FROM SLOVAKIA

100%
Pitoňáková R.
Ekonomický časopis (Journal of Economics)
|
2015
|
vol. 63
|
issue 8
837 – 852
EN
The paper focuses upon determinants of household savings in Slovakia applying quarterly data 1995 Q1 – 2015 Q1. The results contradict to the Life-Cycle Hypothesis as positive relation between saving rate and dependency ratio was identified. Applying ARDL framework we identified the following relations. In the long-run, rising property income and dependency ratio increase household saving, while higher unemployment has a negative influence. In the short-run, savings are positively impacted by property income, dependency ratio, unemployment and saving rate from previous quarter. The speed of adjustment is fast, while about 60% of disequilibrium in the previous quarter will be corrected in the current quarter.
2

JE STÁRNUTÍ POPULACE TRAGÉDIí?

100%
Loužek M.
Ekonomický časopis (Journal of Economics)
|
2008
|
vol. 56
|
issue 6
565-581
EN
Aging should be viewed as a natural part of the life course and population aging as a transition not a crisis. First part examines population aging causes. Second part draws attention to uncertainty of the demographic projections. Third part analyses dependency ratio in international perspective. Forth part is concerned with health care spending. Fifth part outlines the public policy reactions. Sixth part deals with pension reform. Seventh part asks a question whether population aging is burden or blessing. According to the paper, older people are active, productive and will continue to play a valuable role in the future.
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