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A fiscal outlook for Poland using generational accounts

Author

Listed:
  • Jabłonowski, Janusz
  • Müller, Christoph
  • Raffelhüschen, Bernd

Abstract

During the next few decades the populations of most developed countries will grow older and older as a result of the low fertility rates since the 1970s and/or the continuously increasing life expectancy. Poland, one of the biggest countries in Central Europe, will be confronted rather seriously by this development. Generational Accounting which was introduced in the early nineties, can illustrate the effects of this ageing process on a country's fiscal situation. We show that the demographic development produces a major problem for the long term stability of Polish public finances. In particular the healthcare system deserves special attention for policy makers in the medium and long run, whilst the general pension system shall stabilise in the long term.

Suggested Citation

  • Jabłonowski, Janusz & Müller, Christoph & Raffelhüschen, Bernd, 2010. "A fiscal outlook for Poland using generational accounts," FZG Discussion Papers 47, University of Freiburg, Research Center for Generational Contracts (FZG).
    • Handle: RePEc:zbw:fzgdps:47
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    References listed on IDEAS

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    Cited by:

    1. Anna Ruzik-Sierdzińska, 2011. "Poland and Germany—a comparison of systems and pension reforms in both countries," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 28.

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    More about this item

    Keywords

    Generational Accounting; Fiscal sustainability; Fiscal policy; Poland; Pension reform;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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