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The size of the public debt is now one of the main areas of interest of the entire society. As the size of the debt increases with time, one should consider possible ways of reducing it. Decision makers focus both on ways to reduce the increase in public debt and on ways to reduce its size....
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Recently several countries, including Estonia, Latvia, Lithuania, Hungary, Poland, Romania and Slovakia, have at least … partially reversed their earlier moves towards compulsory defined-contribution schemes. This paper concentrates on Poland, which … sharply relative to those of working-age population. Partially reversing pension reform will also cost Poland in terms of risk …
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