Work detail

Implicit Pension Debt in the EU Member States

Author: Mgr. Vítězslav Doležal
Year: 2012 - summer
Leaders: doc. Ing. Ondřej Schneider MPhil., Ph.D.
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: English
Pages: 92
Awards and prizes:
Link:
Abstract: The diploma thesis examines the implicit pension debt in the fifteen EU countries.
The Holzmann et al. (2011) methodology is applied to show the impact of population ageing
on the pension systems in the EU. The implicit pension debts demonstrate the considerable
hidden debt burden in the all fifteen countries. The implicit pension debts range in the interval
from 47 % of GDP for the Czech Republic to 906 % for Greece. Nine of the analyzed
countries record the implicit pension debts in the interval 100 - 300 % of GDP. The sensitivity
analysis and the comparison with other studies confirm our findings. The thesis points out
sizeable imbalances among the particular countries, genders and age cohorts.

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