Does an attractive pension product design sell by itself? The experience of the Czech Republic.

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F18%3A%230000399" target="_blank" >RIV/04274644:_____/18:#0000399 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.vse.cz/aop/604" target="_blank" >https://www.vse.cz/aop/604</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.18267/j.aop.604" target="_blank" >10.18267/j.aop.604</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does an attractive pension product design sell by itself? The experience of the Czech Republic.

Popis výsledku v původním jazyce

This paper deals with the experience of third pillar reform in the Czech Republic, executed in 2013. The core of our study is formed by a comparative analysis of newly introduced supplementary pension savings and its substitute products (investment funds, life insurance) from two main aspects: product features and distribution features. The outcomes are supported by empirical sales and population penetration of the surveyed products. The results indicate that even a pension product with a very attractive product design, such as supplementary pension savings, will be hampered by its substitutes as long as its distribution features are unattractive. This is an important lesson, particularly for the discussed European solution, the pan-European portable pension product (PEPP).

Název v anglickém jazyce

Does an attractive pension product design sell by itself? The experience of the Czech Republic.

Popis výsledku anglicky

This paper deals with the experience of third pillar reform in the Czech Republic, executed in 2013. The core of our study is formed by a comparative analysis of newly introduced supplementary pension savings and its substitute products (investment funds, life insurance) from two main aspects: product features and distribution features. The outcomes are supported by empirical sales and population penetration of the surveyed products. The results indicate that even a pension product with a very attractive product design, such as supplementary pension savings, will be hampered by its substitutes as long as its distribution features are unattractive. This is an important lesson, particularly for the discussed European solution, the pan-European portable pension product (PEPP).

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

Acta Oeconomica Pragensia

ISSN

0572-3043

e-ISSN

—

Svazek periodika

26

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

35-46

Kód UT WoS článku

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EID výsledku v databázi Scopus

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