Title:

Pension Age Which Would Guarantee Stabilization of the Old Age Dependency Ratio

Group publication title:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Creator:

Fiala, Tomáš ; Langhamrová, Jitka

Subject and Keywords:

old-age-dependency ratio ; retirement age ; population projection ; the Czech Republic

Description:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers, s. 117-132

Abstrakt:

According to the current legislation the statutory retirement age in the Czech Republic should permanently increase with constant increment 2 months for each subsequent generation. This fact is very often criticized by both politicians and experts. A proposal of halting the rise in retirement age in 2030 at the threshold 65 years is discussed in the Parliament this year. The main reason for increasing the retirement age in the Czech Republic since 1995 was to eliminate the consequences of population ageing for increasing financial burden of the pension system. Because of this permanent increase the proportion of population size in retirement age and population size in productive age (old age dependency ratio) would be not so rapidly growing after 2040 when numerous generations born in the 70th will retire. The paper presents computations of the old-age dependency ratio in the Czech Republic for various variants of development of fertility, mortality, migration and retirement age in the case of the Czech Republic and for each variant also the retirement age threshold (changing in time) which would guarantee stabilization of the old-age dependency at its present time value

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2017

Resource Type:

materiały konferencyjne

Format:

application/pdf

Resource Identifier:

doi:10.15611/amse.2017.20.09

Language:

eng

Relation:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu