The need to rebalance the finances Intergenerational
Doctor of Finance, Warsaw School of Economics graduate and doctoral program at IESE in Barcelona. He was, among others, Deputy Chief of the Chancellery of the Sejm, the President of the Office for the Supervision of Pension Funds and the Deputy Minister of Finance. Also, Vice-President Aios, CBS and KNUiFE and a member of the SEC, the ECB, the ESC EIOPC, EFCC and the FSC. Since 2008 he is an advisor of the President of the NBP.
The need to restore the disturbed equilibrium About the new paradigm in public finances Pathologies health care system can again begin to increase its debt Necessity tax optimization budgetary assumptions - first warning Need to optimize public finances in the long-term
Last week on the website of the Financial Observer published an article by Dr. Agnes Chłoń-Domińczak "The pension system: first do no harm". Unfortunately, to a large extent it contains proposals for action for many years called for by the pension companies and their representatives, with whom caring for efficient operation of the capital market, do not agree. Debates of the presented proposals are regularly organized in the framework of the "Finance Forum" by the Institute for Market Economics in cooperation with AXA PTE SA also recently in the context of this cycle a conference was held Fri. "The economy and the demographic and pension system," in which Mrs. Chłoń-Domińczak occurred with one of the papers. Despite the very title of the customs, the focus of the conference proved to be proposals for modifications to the pension funds also presented in the Financial Observer, as well as issues relating to passive preservation of food adaptation to demographic collapse.
Regarding the microeconomic issues, their fallacy and harm in the pursuit of improving the efficiency of the capital market, along with the desire to reduce conflicts of interest between the investor and the members of the pension funds, has been extensively diagnosed in reports UNFE "Security through competition", "Security through thrift" and "Security through retirement." However, due to the fact that the conference was so unusual that the room could not be asked questions or to be presented to other points of view, it is important that this topic has been discussed according to the weight, which presents.
It should be rather agree with the common conference minister Michal Boni, who explicitly preservation of food stated preservation of food that you should think about what changes can bring to people. Following this path, it is postulated when it comes to the philosophy preservation of food of thinking, according to intergenerational accounting, Poland due to the aging population and the lack of prevention of this fact has 2.5 billion zł debt to operating only in this respect. In practice, this means that 5.5 percent. preservation of food Polish GDP should be postponed so as not to create problems in this respect preservation of food in the future. Therefore if you will not take a pro-active in this field, it is when it comes to the future it is expected that it will provide cheap, low quality of life, lack of access to health services, due to the fact that an aging population more likely preservation of food to get sick, will increase the the cost of labor with the increase in required contributions will increase taxes. All this will be expulsed the young generation to work abroad, preservation of food exacerbating problems in Poland. Anyway, what could be the quality of life and economic efficiency in a situation where more than doubled to increase the demographic burden.
The economic consequences of an aging society also writes the EC Green Paper to be published in the summer, and the key parties discussed the "Financial Times Deutschland". It turns out that, according to a report by the EU threatens us with "a painful preservation of food combination of lower benefits and higher premiums," and recommends an increase in activity to 75 percent. in conjunction with an increase in the retirement preservation of food age to 70 years. preservation of food This is because it is already in the EU on the one pensioner accrue three economically active people, in 2030 the ratio will be one to two, and finally discussed the prospects in 2060 are pensioners will be the majority, as in four pensioners preservation of food will operate three people economically active! This situation will not hold any financial system, so do not be surprised that more and more often as an antidote to appear preservation of food will be offered jobs without interruption, until his death, coupled with limited availability of health services only to those with a thick wallet.
Prospects of demographic change are of interest to Ecofin, because Eurostat has prepared projections for the 27 EU countries plus Switzerland and Norway for 2008-2060 preservation of food as a starting point for the budget expenditure forecasts contained preservation of food a report of an aging society, "The 2009 Ageing Report". Characteristic is the fact that if the European Union had in 2008, 495.400 million, with much of this projection in 2060 will live it
Doctor of Finance, Warsaw School of Economics graduate and doctoral program at IESE in Barcelona. He was, among others, Deputy Chief of the Chancellery of the Sejm, the President of the Office for the Supervision of Pension Funds and the Deputy Minister of Finance. Also, Vice-President Aios, CBS and KNUiFE and a member of the SEC, the ECB, the ESC EIOPC, EFCC and the FSC. Since 2008 he is an advisor of the President of the NBP.
The need to restore the disturbed equilibrium About the new paradigm in public finances Pathologies health care system can again begin to increase its debt Necessity tax optimization budgetary assumptions - first warning Need to optimize public finances in the long-term
Last week on the website of the Financial Observer published an article by Dr. Agnes Chłoń-Domińczak "The pension system: first do no harm". Unfortunately, to a large extent it contains proposals for action for many years called for by the pension companies and their representatives, with whom caring for efficient operation of the capital market, do not agree. Debates of the presented proposals are regularly organized in the framework of the "Finance Forum" by the Institute for Market Economics in cooperation with AXA PTE SA also recently in the context of this cycle a conference was held Fri. "The economy and the demographic and pension system," in which Mrs. Chłoń-Domińczak occurred with one of the papers. Despite the very title of the customs, the focus of the conference proved to be proposals for modifications to the pension funds also presented in the Financial Observer, as well as issues relating to passive preservation of food adaptation to demographic collapse.
Regarding the microeconomic issues, their fallacy and harm in the pursuit of improving the efficiency of the capital market, along with the desire to reduce conflicts of interest between the investor and the members of the pension funds, has been extensively diagnosed in reports UNFE "Security through competition", "Security through thrift" and "Security through retirement." However, due to the fact that the conference was so unusual that the room could not be asked questions or to be presented to other points of view, it is important that this topic has been discussed according to the weight, which presents.
It should be rather agree with the common conference minister Michal Boni, who explicitly preservation of food stated preservation of food that you should think about what changes can bring to people. Following this path, it is postulated when it comes to the philosophy preservation of food of thinking, according to intergenerational accounting, Poland due to the aging population and the lack of prevention of this fact has 2.5 billion zł debt to operating only in this respect. In practice, this means that 5.5 percent. preservation of food Polish GDP should be postponed so as not to create problems in this respect preservation of food in the future. Therefore if you will not take a pro-active in this field, it is when it comes to the future it is expected that it will provide cheap, low quality of life, lack of access to health services, due to the fact that an aging population more likely preservation of food to get sick, will increase the the cost of labor with the increase in required contributions will increase taxes. All this will be expulsed the young generation to work abroad, preservation of food exacerbating problems in Poland. Anyway, what could be the quality of life and economic efficiency in a situation where more than doubled to increase the demographic burden.
The economic consequences of an aging society also writes the EC Green Paper to be published in the summer, and the key parties discussed the "Financial Times Deutschland". It turns out that, according to a report by the EU threatens us with "a painful preservation of food combination of lower benefits and higher premiums," and recommends an increase in activity to 75 percent. in conjunction with an increase in the retirement preservation of food age to 70 years. preservation of food This is because it is already in the EU on the one pensioner accrue three economically active people, in 2030 the ratio will be one to two, and finally discussed the prospects in 2060 are pensioners will be the majority, as in four pensioners preservation of food will operate three people economically active! This situation will not hold any financial system, so do not be surprised that more and more often as an antidote to appear preservation of food will be offered jobs without interruption, until his death, coupled with limited availability of health services only to those with a thick wallet.
Prospects of demographic change are of interest to Ecofin, because Eurostat has prepared projections for the 27 EU countries plus Switzerland and Norway for 2008-2060 preservation of food as a starting point for the budget expenditure forecasts contained preservation of food a report of an aging society, "The 2009 Ageing Report". Characteristic is the fact that if the European Union had in 2008, 495.400 million, with much of this projection in 2060 will live it
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