Review of the Czech State Pensions and Their Indexation

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Review of the Czech State Pensions and Their Indexation

Popis výsledku v původním jazyce

Czech ?pension insurance? is predominantly a Beveridgean pension scheme, due to the flat-rate ?basic amount? of the pension and due to the bend points used for substantial reduction of the relation of the pensions to the earnings of the insureds, with the ?percentage amount? of the pension. Five years ago, the Constitutional Court of the Czech Republic concluded that the (social) pension insurance should basically be a Bismarckian scheme and cancelled the bend points. The government of that time did notagree, however, instead of a radical reform (for which there was not enough time) it (re)introduced a simplified version of bend points, decreasing the index of pension progressivity only by less than 10 percentage points, and parametrized the basic amount of the pensions to 9% of the average national wage. Czech state pensions are financed from taxes, including the ?premiums for pension insurance?. State pensions arethus a public expenditure program and our analysis indicates that basi

Název v anglickém jazyce

Review of the Czech State Pensions and Their Indexation

Popis výsledku anglicky

Czech ?pension insurance? is predominantly a Beveridgean pension scheme, due to the flat-rate ?basic amount? of the pension and due to the bend points used for substantial reduction of the relation of the pensions to the earnings of the insureds, with the ?percentage amount? of the pension. Five years ago, the Constitutional Court of the Czech Republic concluded that the (social) pension insurance should basically be a Bismarckian scheme and cancelled the bend points. The government of that time did notagree, however, instead of a radical reform (for which there was not enough time) it (re)introduced a simplified version of bend points, decreasing the index of pension progressivity only by less than 10 percentage points, and parametrized the basic amount of the pensions to 9% of the average national wage. Czech state pensions are financed from taxes, including the ?premiums for pension insurance?. State pensions arethus a public expenditure program and our analysis indicates that basi

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Public Economics and Administration 2015

ISBN

978-80-248-3839-7

ISSN

1805-9104

e-ISSN

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Počet stran výsledku

7

Strana od-do

195-201

Název nakladatele

VŠB-TU Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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