On the stability of public finance in an age of demographic changes Cover Image

O stabilności finansów publicznych w dobie zmian demograficznych
On the stability of public finance in an age of demographic changes

Author(s): Alina Klonowska, Barbara Pawełek
Subject(s): Socio-Economic Research
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: public finance; social security funds; demography

Summary/Abstract: The aim is to determine whether it is possible to achieve a permanent surplus of the social security funds subsector balance to improve the balance of the general government sector. Hypotheses: it is possible to achieve a permanent surplus of the balance of the social security funds subsector in certain macroeconomic conditions; current systemic solutions do not affect the lasting improvement of the balance of social security funds subsector. Model: A linear congruent dynamic model. Results: The balance of the social security funds subsector may be positive and its impact on public finance, favourable. This balance determines the scope and type of system solutions used, but also discretionary decisions. However, the balance changes are not permanent.

  • Issue Year: 63/2019
  • Issue No: 8
  • Page Range: 22-33
  • Page Count: 12
  • Language: English