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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

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

ISBN

978-80-7454-893-2

ISSN

—

e-ISSN

—

Počet stran výsledku

11

Strana od-do

891-901

Název nakladatele

Tomas Bata University in Zlín ,Faculty of Management and Economics

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

6. 11. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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