Factors Affecting the Sustainability of Pension Systems

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Factors Affecting the Sustainability of Pension Systems

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Factors Affecting the Sustainability of Pension Systems

Popis výsledku anglicky

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

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

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

Název periodika

Montenegrin Journal of Economics

ISSN

1800-5845

e-ISSN

1800-6698

Svazek periodika

21

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

ME - Černá Hora

Počet stran výsledku

14

Strana od-do

43-56

Kód UT WoS článku

001396447100004

EID výsledku v databázi Scopus

2-s2.0-85214809352