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INSTITUTE OF PUBLIC FINANCE
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A stochastic forecast for the Croatian pension system
Published: January 17, 2020
Croatia placed 13th in EU Index of Readiness for Digital Lifelong Learning
Published: January 14, 2020
Published: January 17, 2020
Ivan Tomaš, student of the Zagreb School of Economics and Management, currently the exchange student at the University of Tilburg, winner of the 2019 Prof. Dr. Marijan Hanžeković Trust award for the best student article, presented it today at the Institute of Public Finance.
In his article “A stochastic forecast for the Croatian pension system”, Ivan Tomaš analyses the financial sustainability of the Croatian pension system after the 2019 reform, projecting the Croatian population till 2060 as well as the net cash flow generated from the pension system, based on the projected population. Using stochastic methods, he forecasts numerous scenarios for, for example, unemployment rate trends and strengthening of the second pension pillar as well as their different consequences for the system’s financial (un)sustainability and for the pension benefits levels.
The article will be published in Institute’s journal Public Sector Economics no. 1/2020.
Published: January 14, 2020
Based on the Index of Readiness for Digital Lifelong Learning Croatia is placed 13th in EU, faring better and above expectations based on the overall economic strength of the country.
Index of Readiness for Digital Lifelong Learning (IRDLL) for members of the European Union is developed by Centre for European Policy Studies (CEPS), leading European research center, and Grow with Google.
Croatian release of the survey findings and presentation of the index has been organized by CEPS and Institute of Public Finance on January 14 in Kuća Europe in Zagreb. Zachary Killhoffer, CEPS researcher, in a presentation Index of Readiness for Digital Lifelong Learning: Changing How Europeans Upgrade Their Skills stressed long standing interest of CEPS and Google in digitalization of education and labour market.
there is a large gap between best and worst EU member states within almost all indicators. Apparently, large group of the member states from central and eastern Europe does not stand particularly well in their readiness for digital learning. Demonstrated by CEPS and Grow with Google research (available here) Croatia is ranked around or above the middle of the member states by all indicators.
Public Sector Economics Conference
The Institute of Public Finance and Friedrich Ebert Stiftung are organized international conference Public Sector Economics 2019 – Wealth and property taxation: where do we stand? on 24 October 2019 in Zagreb, Croatia. Detailed information is available at the conference web site.
Local budget transparency
On July 3, 2019 the Institute of Public Finance presented the results of the fifth annual research cycle of the budget transparency of all 576 Croatian local governments.
To make the results more accessible and easier to read, the Institute published an interactive map that shows the status of each local government unit.
Newsletter
The upper child benefit threshold was increased by 40% in July 2018, but this change did not result in an expected increase in the number of beneficiaries and children receiving the benefit. In anticipation of the new change in the threshold, which could take effect in January 2020, Ivica Urban and Martina Pezer describe in the new Newsletter About Child benefit what child benefit is, how it is calculated, and try to discover possible reasons for the failure of the 2018 measure. One of them is inadequate information provided to potential beneficiaries, hence one of recommendations would be that all parents and guardians should check their eligibility for child benefit.