Population ageing and sustainable fiscal policy in Czechia

IF 0.7 Q2 AREA STUDIES
Kateřina Gawthorpe
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引用次数: 0

Abstract

The substantial ageing impact projected by the Eurostat motivates this research for the case of the Czech Republic. The study assists policymakers by analysing fiscal-policy measures to stabilize ageing impact on the income and the well-being; and motivates fiscal authorities to utilize an extended version of the Czech Ministry of Finance model for the demographic agenda. The examined fiscal measures consist of postponing retirement, increasing pensions, and reducing social-security payments. The simulation outcome reveals reducing social-security payments as the only fiscal policy that would maintain both labour income and well-being unaltered in the presence of ageing. The study continues by proposing a policy mix to mitigate the subsequent government deficit. The policy mix consists of increasing the VAT tax rate and decreasing pensions and other transfers. In conclusion, the reduction of the social security payments financed by the suggested policy mix would support individuals’ responsibility for their future income while motivating them towards higher productivity during their younger years.
捷克人口老龄化与可持续财政政策
欧共体统计局预测的巨大老龄化影响促使这项研究以捷克共和国为例。该研究通过分析稳定老龄化对收入和福祉的影响的财政政策措施,帮助决策者;并促使财政当局将捷克财政部模式的扩展版本用于人口议程。经审查的财政措施包括推迟退休、增加养老金和减少社会保障金。模拟结果显示,在老龄化的情况下,减少社会保障支出是唯一能保持劳动收入和福利不变的财政政策。这项研究继续提出了一项政策组合,以减轻随后的政府赤字。政策组合包括提高增值税税率和减少养老金和其他转移支付。总之,由建议的政策组合资助的社会保障支付的减少将支持个人对其未来收入的责任,同时激励他们在年轻时提高生产率。
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来源期刊
CiteScore
1.30
自引率
16.70%
发文量
3
审稿时长
10 weeks
期刊介绍: The Eastern Journal of European Studies (EJES) seeks to provide a forum for multidisciplinary and interdisciplinary dialogue between ideas, and a framework for theoretical and empirical analyses covering major topics in European studies: European history, politics, European economy and European policies, EU community law, European culture and society. EJES encourages studies focusing on Central and Eastern Europe (including Eastern Neighbourhood) in order to better understand its transformations induced by the integration process and to address its specific challenges by supporting scientific debates on the general European theory and practice. Furthermore, the editorial board regularly invites distinguished guest editors to coordinate thematic issues.
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