J14 - Economics of the Elderly; Economics of the Handicapped; Non-labor Market DiscriminationNávrat zpět

Pension systems are strained with negative impacts on the state budget as a consequence of the endangering trend of worsening demographic structure and population aging. The aim of this paper is to map trends of employment rates of persons 65-69 years old in the Czech Republic and Slovakia between 1998 and 2017 and to analyse selected determinants affecting these rates. These determinants are then subjected to statistical and regression analysis using panel data for the period 1998-2017. Based on the analysis results, the authors come to three conclusions for both countries: firstly, the increase in pensions is not a limiting factor in the employment of persons aged 65-69; secondly, the participation of persons with tertiary education is of great relevance, implying the need for support to tertiary education; thirdly, the results confirmed the significance of the health determinant of persons aged 65-69, ensuing the need for stimulating investment in health.

Deepening income polarization is perceived as one of economic and social threats of the global world. The aim of this paper is to present development and the current status of incomes in the Slovak Republic, which is the crucial limitation of the present and future consumption growth. The authors further focus on the income levels of elderly, which are perceived as an important group of consumers within the concept of the silver economy. Analyses in the paper are based on microdata from the Social Insurance Agency in Slovakia. According to the results the income polarization in Slovakia is deepening and economic performance of a number of districts is lowering. This results in extreme barriers for regional consumption at present, as well as threat of generation of signifi cantly low level of pensions in the future. It is obvious that structural nature of unemployment is the fundamental problem of income polarization in the Slovak Republic.

The paper present a simple model of the future development of incomes and expenses of the old-age pension system in the Czech Republic (so called 1st pillar). The projection is based on the results of the latest available population projection published by the Czech Statistical Office in 2013. The expected number of employees (payers of the old-age insurance premium) is estimated on the basis of the sex and age structure of people in productive age and expected employment rates. All people at the age higher than retirement age are expected to receive old-age pension. The permanent increase of retirement age according to the present legislation is assumed. The computations show that the financial deficit of the old-age pension system would reach maximum values in the fifties when the numerous generations born in the seventies of the last century will reach the pension age. But in the last two decades of the present century the proportion of pensioners would be lower than at present times.