Factors Affecting the Sustainability of Pension Systems
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43926309" target="_blank" >RIV/62156489:43110/25:43926309 - isvavai.cz</a>
Result on the web
<a href="https://mnje.com/sites/mnje.com/files/v21n1/043-056%20-%20Otavova%20et%20al..pdf" target="_blank" >https://mnje.com/sites/mnje.com/files/v21n1/043-056%20-%20Otavova%20et%20al..pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Factors Affecting the Sustainability of Pension Systems
Original language description
The article is focused on the sustainability of pension systems and the factors that influence it. Due to the unfavourable demographic curve and low birth rate, there is a decrease in the economically active population that can finance future pensions. The aim of this article is to compare the individual pension models that we can distinguish within the OECD countries, and to identify factors that have a statistically significant effect on the sustainability of these pension models. Based on the information found, recommendations for the Czech pension system will be established. To achieve the goal, individual pension models are first compared and then a correlation and regression analysis is carried out to identify factors that influence the final ranking within the API and Mercer international pension indexes. Based on the results achieved, several recommendations for the Czech pension system were formulated. One of them is the division of the first pension pillar into a solidarity and meritorious part. Another recommendation is focused on the valorisation of pensions. Based on our analyses, it emerges as a significant influence of GDP growth on the evaluation of pension systems, therefore our next recommendation is to take GDP growth into account while determining the valorisation. Another step to make our national pension system more financially sustainable is linking the retirement age to life expectancy. This could also stabilise the ratio of working life to life in retirement
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Montenegrin Journal of Economics
ISSN
1800-5845
e-ISSN
1800-6698
Volume of the periodical
21
Issue of the periodical within the volume
1
Country of publishing house
ME - MONTENEGRO
Number of pages
14
Pages from-to
43-56
UT code for WoS article
001396447100004
EID of the result in the Scopus database
2-s2.0-85214809352