Evaluation of pension sustainability and its application

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F20%3A43960667" target="_blank" >RIV/49777513:23510/20:43960667 - isvavai.cz</a>

Result on the web

<a href="http://economic-spectrum.eu/rocnik-xiv-c-2-2020/" target="_blank" >http://economic-spectrum.eu/rocnik-xiv-c-2-2020/</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Evaluation of pension sustainability and its application

Original language description

Sustainability is a very important topic for the pension system with regard to population ageing and changes in labor market as digitalization and Industry 4.0. These causes are the reason for reforms of pension systems, which will lead to systems that are more robust with the ability to withstand without political interference. The aim of this article is to evaluate the proposed pension reform of the Czech pension system by pension commission. In this article, the evaluation of pension sustainability is submitted in the theoretical part and empirical part. First, the general concept of sustainability is defined. Subsequently, the process of adopting public policy (pension reform) is presented with the process of evaluation, which is important for the content of the article. Next, three perspectives are presented, which are used in this article for the initial evaluation of pension systems. The article omits the issue of political decision-making and political sustainability. Fiscal, financial and social sustainability are introduced with tools for measurement of effects. The empirical part of the thesis relates to the proposal of the reform of the pension system in Czechia. First, the history of the pension system is briefly described, followed by the application of sustainability perspectives, which were defined in Theoretical Background. The article uses the method of literature review, it is also a method of analysis with respect to the empirical part of the work. At the end of the work, the method of synthesis is used to summarize the conclusion of this article.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

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

2020

Confidentiality

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

Name of the periodical

Ekonomické spektrum

ISSN

1336-9105

e-ISSN

1336-9105

Volume of the periodical

15

Issue of the periodical within the volume

2

Country of publishing house

SK - SLOVAKIA

Number of pages

13

Pages from-to

14-26

UT code for WoS article

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EID of the result in the Scopus database

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