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The difference in present value of retirement pensions for education groups

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11310%2F14%3A10281721" target="_blank" >RIV/00216208:11310/14:10281721 - isvavai.cz</a>

  • Alternative codes found

    RIV/61384399:31140/14:00044893

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    The difference in present value of retirement pensions for education groups

  • Original language description

    The retirement pension in the Czech Republic is to some extend dependent on the preretirement average income. Due to the fact that the average income is higher for segments of population with higher education, the retirement pension will also tend to behigher for individuals with higher education. There is however also an additional aspect amplifying this difference which is rarely mentioned in this context. Namely the fact that the population segments with higher education have also higher expected lifetime and hence not only that they earn higher annuity amounts but also they on average earn the pension longer. Both these aspects contribute to the difference in the present value of a retirement pension. The purpose of this article is to quantify this difference of the retirement pension by four education groups using the income statistics and unique life tables constructed for different educational groups. The results show that differences are relatively large.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AO - Sociology, demography

  • OECD FORD branch

Result continuities

  • Project

    <a href="/en/project/GAP404%2F12%2F0883" target="_blank" >GAP404/12/0883: Cohort life tables for the Czech Republic: data, biometric functions, and trends</a><br>

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2014

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    The 8th International Days of Statistics and Economics: Conference Proceedings

  • ISBN

    978-80-87990-02-5

  • ISSN

  • e-ISSN

  • Number of pages

    7

  • Pages from-to

    1715-1721

  • Publisher name

    Melandrium

  • Place of publication

    Prague

  • Event location

    Prague

  • Event date

    Sep 11, 2014

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article