Some Annuity Problems in the Framework of Czech Pension Systems

Tomáš Cipra

Prague Economic Papers, 2013, vol. 2013, issue 3, 307-323

Abstract: The contribution analyzes some life annuity aspects of the pension system (including commercial insurance) in the Czech Republic. In particular, the problem of sustainability, the Generation Life Tables for the pension system and the gender problem for the pensions in the Czech Republic are discussed. Such topics are important for the future of the pension system in the Czech Republic and for the necessary pension reform. Some numerical results with the Czech data concerning these aspects are presented including corresponding conclusions. Economic theory of pensions (see e.g. Sheshinski, 2005 or Uebelmesser, 2004) is not considered here.

Keywords: pension system; Generation Life Tables; life annuities; longevity risk; sustainability of pensions; Unisex Life Tables (search for similar items in EconPapers)
JEL-codes: D14 D30 G22 H55 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.18267/j.pep.454

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