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Thursday, December 26, 2024

Poland received a warning. It's about economic growth. Experts suggest: raise the retirement age

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Geoff Gottlieb and Jan Kees Martijn from the International Monetary Fund said in an interview with money.plthat “in the next two years, Poland's economic growth will be driven by consumer spending and investments co-financed by EU funds.” But then you will have to think about it new ones factors driving growth. Experts suggest looking at the issue of labor supply.

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Poland must fight the phenomenon of an aging society. What about retirement age?

Experts said supply is decreasing as the population ages. The solution to this problem should be Poland's efforts to increase the professional activity rate – primarily among seniors and women. In the case of older people, this could involve changes in the retirement age.

– We recommend increasing the minimum retirement age in Poland, in particular equalizing it for women and men, and then linking it to life expectancy – emphasized Geoff Gottlieb. According to the expert, this would have a direct impact on stopping the decline in labor supply.

Improving growth also through incentives and assistance

Considering the fact that the issue of increasing the retirement age in Poland is a controversial issue (more about they wroteamong others in the article: “End of work only after the age of 70? Marek Belka sharply about increasing the retirement age“), IMF experts also came up with other suggestions that could help in the future Polish economy.

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– For example, you could think about modifying the 13th and 14th pensions to eliminate incentives to leave the labor market – added Jan Kees Martijn. Importantly, however, encouraging people to work longer would have to be associated with the introduction of various forms of making it easier for them, e.g. by increasing the availability of part-time work. time. Another option is to help expand the qualifications of employees, which would extend the duration of their careers, and to be open to immigrants who can fill the gaps in the supply of Polish labor market.



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