Pension Debt of the Future and Its Depends on Retirement Age: Comparison Between Czechia and Denmark

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F19%3A43958435" target="_blank" >RIV/49777513:23510/19:43958435 - isvavai.cz</a>

Result on the web

<a href="http://dokbat.utb.cz/wp-content/uploads/2020/01/DOKBAT_2019_Conference_Proceedings.pdf" target="_blank" >http://dokbat.utb.cz/wp-content/uploads/2020/01/DOKBAT_2019_Conference_Proceedings.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7441/dokbat.2019.086" target="_blank" >10.7441/dokbat.2019.086</a>

Result language

angličtina

Original language name

Pension Debt of the Future and Its Depends on Retirement Age: Comparison Between Czechia and Denmark

Original language description

The issue of population ageing has begun to emerge in the context of public discussions. This topic is important and has significant impacts on public finance and especially pension systems. Some countries may achieve a 1:1 ratio between workers and pensioners in 2050. Calculation of total pension expenditures can reveal what future liabilities are expected. On the other hand, the calculation of pension revenues can show part of the cover. Both indicators must be approached with an awareness of their influence on economic development as well as on social impacts. The paper looks old-age pension as future entitlements and for calculation is used a method of implicit pension debt (IPD). This application is used in Czechia and Denmark. Reasons for selected are similar public pension expenditures as a percent of GDP, but different designs of pension systems. The main aim is to calculation the IPD for both countries and their comparison. The description is used as the first research method. Next, IPD calculation is used and this followed by the method of synthesis. The main results are that Denmark has a higher IPD than Czechia, but pension revenues are poorly predictable because it depends on economic development. Thus, IPD is sensitivity to variables, and this issue can be a topic for the next research.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2019

Confidentiality

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

Article name in the collection

15th Annual International Bata Conference for Ph.D. Students and Young Researchers

ISBN

978-80-7454-893-2

ISSN

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e-ISSN

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Number of pages

11

Pages from-to

891-901

Publisher name

Tomas Bata University in Zlín ,Faculty of Management and Economics

Place of publication

Zlín

Event location

Zlín

Event date

Nov 6, 2019

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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