The Czech Republic is going to face ageing of its population. It will affect the economy in many ways. The pension system is one of them. This paper provides a view on possibilities how to insure long-term stability of the pension system in the Czech Republic using a mix of pay-as-you-go and...

Korean Abstract: 주요 선진국에서 저출산과 기대수명 연장으로 인구 고령화가 빠르게 진행되어 왔으며 이에 따라 노인부양 부담이 늘어나고 생산가능인구 비중은 축소되고 있다. 이에 각국은 저출산·고령화로 인한 잠재성장률...

The paper deals with a wide-spread myth that a switch from a PAYG to a funded pension system might solve adverse consequences of the population aging. It is shown, that under additional assumptions the pension debt (which is created during the process of the switch) is exactly equal to the value...

This essay focuses on the pension system and highlights some of its key elements. The first part deals with the economic principles connected with the social security system. Eatwell's model is utilized to give some basic intuition of terms and concepts used in the pension reform discussion. The...

English abstract: This article emphasizes on the impact of interest rate changes on government debt. For this purpose, theoretical and empirical studies are initially systematized with the main focus being placed on the change of government debt in terms of continuously decreasing interest...

English abstract: The main objective of this study is to establish whether there is a relationship between government debt and private investment in Bulgaria, as well as to identify the impact of debt on investment in the long and short-run period. The cointegration analysis and a model with...

Bulgarian Abstract: Стратегическа задача е да се определи какъв относителен дял да заемат краткосрочният и дългосрочният държавен дълг в дълговия портфейл на дадена...

Korean Abstract: 본 연구는 2017년과 2019년 이민자 체류실태 및 고용조사 마이크로자료를 이용한 성향점수매칭(propensity score matching) 분석을 통해 직업훈련 프로그램이 외국인들의 노동시장 성과에 미친 효과를 연구하였다. 분석...

Korean Abstract: 우리나라는 1990년대 중반부터 인구 고령화가 급속히 진행되었으며 실질 금리도 꾸준히 하락하였다. 이러한 점을 감안하여 본 연구는 인구 고령화가 실질 금리에 미친 영향에 대해 분석하였다. 먼저 간단한...