Growth in the share of the elderly people cannot but lead to a higher burden on the able-bodied population. In the meantime, families' expenditures per child are increasing. In such a situation, it is inevitable either to increase insurance contributions or the retirement age

The retirement age raise is bound to create certain risks for the labor market. Nevertheless, statistics point to the existence of an informal agreement between employees and employers that the retirement age should mark the end of an employment history. If such is the case, a raised retirement...