Aging Poland: Can the Doomsday Scenario Be Avoided?
The Doomsday Scenario of too few workers unable to support too many pensioners dominates the public debate about travails of the Polish pension system in not so distant future of the generation currently entering the labor market. We discuss the risk of the Doomsday Scenario, and under what condit...
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| Format: | Article |
| Language: | English |
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Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2016-06-01
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| Series: | Problemy Zarządzania |
| Subjects: | |
| Online Access: | https://pz.wz.uw.edu.pl/resources/html/article/details?id=169830 |
| _version_ | 1797996512518602752 |
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| author | Grzegorz Jędrzejczak |
| author_facet | Grzegorz Jędrzejczak |
| author_sort | Grzegorz Jędrzejczak |
| collection | DOAJ |
| description | The Doomsday Scenario of too few workers unable to support too many pensioners dominates the public
debate about travails of the Polish pension system in not so distant future of the generation currently
entering the labor market. We discuss the risk of the Doomsday Scenario, and under what conditions
it can be avoided. To that end, we analyze two stylized scenarios: continuation of the current model
of intergenerational solidarity between current and past employees, and the case of solidarity of the
society at large. We show that the narration that “there will be too few workers to support too many
pensioners” is just wrong, both, in terms of necessary financial resources and emerging challenges
of the global economy. Poland, as many other countries, must face the challenge of radical reform of
the pension system, reform going far beyond the age of retirement. The main challenge will be bigger
diversification of available financial products for financing pensions as well as broadening the base of
contributors beyond workers. |
| first_indexed | 2024-04-11T10:18:40Z |
| format | Article |
| id | doaj.art-b6922f3785974c9dadf084168e420f2d |
| institution | Directory Open Access Journal |
| issn | 1644-9584 2300-8792 |
| language | English |
| last_indexed | 2024-04-11T10:18:40Z |
| publishDate | 2016-06-01 |
| publisher | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego |
| record_format | Article |
| series | Problemy Zarządzania |
| spelling | doaj.art-b6922f3785974c9dadf084168e420f2d2022-12-22T04:29:51ZengWydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu WarszawskiegoProblemy Zarządzania1644-95842300-87922016-06-01142(59) t.16072DOI:10.7172/1644-9584.59.4Aging Poland: Can the Doomsday Scenario Be Avoided?Grzegorz Jędrzejczak0University of Warsaw, Faculty of ManagementThe Doomsday Scenario of too few workers unable to support too many pensioners dominates the public debate about travails of the Polish pension system in not so distant future of the generation currently entering the labor market. We discuss the risk of the Doomsday Scenario, and under what conditions it can be avoided. To that end, we analyze two stylized scenarios: continuation of the current model of intergenerational solidarity between current and past employees, and the case of solidarity of the society at large. We show that the narration that “there will be too few workers to support too many pensioners” is just wrong, both, in terms of necessary financial resources and emerging challenges of the global economy. Poland, as many other countries, must face the challenge of radical reform of the pension system, reform going far beyond the age of retirement. The main challenge will be bigger diversification of available financial products for financing pensions as well as broadening the base of contributors beyond workers.https://pz.wz.uw.edu.pl/resources/html/article/details?id=169830pension system financingchallenge of demographychallenge of the global economy |
| spellingShingle | Grzegorz Jędrzejczak Aging Poland: Can the Doomsday Scenario Be Avoided? Problemy Zarządzania pension system financing challenge of demography challenge of the global economy |
| title | Aging Poland: Can the Doomsday Scenario Be Avoided? |
| title_full | Aging Poland: Can the Doomsday Scenario Be Avoided? |
| title_fullStr | Aging Poland: Can the Doomsday Scenario Be Avoided? |
| title_full_unstemmed | Aging Poland: Can the Doomsday Scenario Be Avoided? |
| title_short | Aging Poland: Can the Doomsday Scenario Be Avoided? |
| title_sort | aging poland can the doomsday scenario be avoided |
| topic | pension system financing challenge of demography challenge of the global economy |
| url | https://pz.wz.uw.edu.pl/resources/html/article/details?id=169830 |
| work_keys_str_mv | AT grzegorzjedrzejczak agingpolandcanthedoomsdayscenariobeavoided |