Suchergebnisse

The aim of this article is to explore main linkages among the participation rate, potential output and pension funding system. Based on the existing literature, there are several possibilities how to render the current set-up of the pension system sustainable. This sustainability is conventionally regarded from the perspective of provision of "satisfactory level" of retirement pensions as well as from the perspective of general budgetary impact. In this respect, demographic change is accounted for owing to the common perception that it has a lot to do with how the future pension system should and will look like. It has been found out that if appropriate economic policy measures -- targeting mainly labour market participation rate and long-term unemployment -- are adopted, no need for abrupt changes in the existing social security system framework is actually necessary. Also, the linkages between the participation rate and potential output seem to be relatively strong, so that the economy could be easily considered as significantly influenced by its labour market. The functioning of the latter thus seems to be pivotal for the resolution of some long-term economic capacity concerns, including its dynamics. Adapted from the source document.

The aim of the paper is to find out the degree of financial dependence of local and regional self-government from the state in Slovakia in years 2005-2016. Financial dependency will be analyzed for eight regional capital cities (local level) and eight self-governing regions (regional level). This type of research conveys a number of important results, it also provides the scope for analyzing and comparing the partial results of individual self-governing units and their average rates over a twelve-year period. Here is also an option to monitor the value development of the financial dependency of regional and local self-government budgets for the years 2005-2016. In the processing of this issue, we arose from a modified formula for calculation the financial independence. We determined the dependence of a selected sample of territorial self-governments on foreign/transfer revenues. They cannot directly affect the amount of these revenues. We have clearly presented the results in the tables and the graph on the basis of the analysis, comparison and synthesis of the obtained information. In the end, we have summarized the knowledge about the financial dependence of the territorial self-government in Slovakia in the time period under review.