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LONG-TERM SUSTAINABILITY OF THE SLOVENIAN PENSION SYSTEM

Like most other EU countries, Slovenia has a rapidly ageing population which demographic projections indicate will accelerate even further in the future. This will exert serious fiscal pressures on the Slovenian pension system. Even though the pension reform of 2000 is already yielding important res...

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Published in:	Economic and business review for Central and South-Eastern Europe 2008-12, Vol.10 (4), p.271-288
Main Authors:	Cok, Mitja, Sambt, Joze, Skok, Ales Berk, Kosak, Marko
Format:	Article
Language:	English
Subjects:	Age Aging Demographic change Demographics Demography Disability insurance Economic forecasts Expenditures Fertility GDP Gender differences Gross Domestic Product Long-term analysis Migration Mortality Pension schemes Pensions Population Population ageing Public budgeting Retirement Simulation Slovenia Studies Sustainability
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container_title	Economic and business review for Central and South-Eastern Europe
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creator	Cok, Mitja Sambt, Joze Skok, Ales Berk Kosak, Marko
description	Like most other EU countries, Slovenia has a rapidly ageing population which demographic projections indicate will accelerate even further in the future. This will exert serious fiscal pressures on the Slovenian pension system. Even though the pension reform of 2000 is already yielding important results, further adjustments will be needed in order to avoid an unsustainable increase in pension expenditures. This paper develops long-term financial projections of the pension system based on Eurostat demographic projections. Our projections are produced by a family of ILO models and take into account the latest legislative changes and most recent data available. With the measures taken under the present system, the share of pensions relative to GDP probably exceeds a limit that can be maintained in the future. [PUBLICATION ABSTRACT]
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source	EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); ABI/INFORM global; Publicly Available Content Database; EBSCOHost: Business Source Ultimate
subjects	Age Aging Demographic change Demographics Demography Disability insurance Economic forecasts Expenditures Fertility GDP Gender differences Gross Domestic Product Long-term analysis Migration Mortality Pension schemes Pensions Population Population ageing Public budgeting Retirement Simulation Slovenia Studies Sustainability
title	LONG-TERM SUSTAINABILITY OF THE SLOVENIAN PENSION SYSTEM
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