Economy

Ageing of the Polish society means that every year more and more people will reach the retirement age. At the same time, the number of people of working age will be decreasing. In this context, it appears that the pension system reform implemented in 1999 introduced a not very fortunate principle to the Polish pension system.

The debate on the potential reform of the Polish pension system has brought to light many fallacies about capital pillar of the system. Let\'s clear some of them up.

The dramatic upsurge of CHF/PLN exchange rate in mid-January 2015 triggered in Poland a wave of discussion on the situation of people with mortgages in Swiss currency and who should be deemed responsible for such a state of affairs.

On June 13, 2015, the Slovenes celebrated the Tax Freedom Day – a day the Slovenes stopped working for the government and actually started earning icome for themselves. The “holiday“ illustrates how much taxes do the Slovenes pay each year.

Demographic change is not a tsunami. It proceeds gradually but steadily, just as the ocean\'s tide. It can be foreseen if we simply choose to open our eyes and look at facts.

Walter Krämer, a professor of statistics, found out that the OECD had produced the statistical nonsense of the month: According to a recent study published in May 2015 the topmost 10% of all German employees earn 6.6 times more than the undermost 10%.

Free market institutions and individual liberty promote economic development and human resilience to a changing climate. So far, coercive and centrally planned regulation induced by climate change alarmism delivered a disappointing outcome.

Lack of jobs remains the key problem of the Slovak economy despite the currently declining unemployment rate. Government policies keep coming up with new labour market measures but these often prove ineffective, generating only temporary jobs by selectively supporting chosen jobseekers.

Just like every year, INESS released the Bill for Government services few days ago. Although such information should be ideally provided by the government itself, Slovak government is somewhat reluctant to inform the society on costs of the functioning of the state. This is precisely why INESS decided to take up this task.

The real problem of the minimum wage concerns a very different group of people. Yet you will not see these people in newspapers or TV and they are not part of government negotiations at all. They are the unemployed people. Hence, what economists argue as some “redistribution problems” between employers and employees is not at the core of issues with minimum wage.