Publication details

Minimalistic Simulation of Population Aging's Implications in the Slovak Republic

Authors

ROSENBERG Zdeněk

Year of publication 2014
Type Article in Proceedings
Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII, Proceedingf of the 17th International Scientific Conference
MU Faculty or unit

Faculty of Economics and Administration

Citation
Web http://www.fhi.sk/files/katedry/kove/ssov/VKOXVII/Zbornik2014.pdf
Field Economy
Keywords Aging – Pension system – Fiscal policy – Labor productivity – Simulation
Attached files
Description The main goal of the paper is to present transparent simulation of population's aging fiscal implications in the Slovak republic. The simulation uses projection of population aging and briefly analyses some of its aspects. It uses the number of people of each age and average government’s expenditures related to citizen of every year of age to calculate total expenditures for every year from present till 2050. The needed level of productivity of labor growth sufficient to balance budget in long run is calculated.
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