Retrospective model microeconomic analysis of the retirement valorisation mechanism in the period 2006−2017 Cover Image

Retrospektivní modelová mikroekonomická analýza důchodového valorizačního mechanismu v období 2006−2017
Retrospective model microeconomic analysis of the retirement valorisation mechanism in the period 2006−2017

Author(s): Jiří Vopátek
Subject(s): National Economy, Micro-Economics, Transformation Period (1990 - 2010), Present Times (2010 - today), Public Finances, Fiscal Politics / Budgeting, Labour and Social Security Law
Published by: Výzkumný ústav práce a sociálních věcí
Keywords: pre-retirement income; regular retirement pension; valorisation; retirement benefit; consumer price index;

Summary/Abstract: The paper deals with the issues surrounding the valorisation of properly granted pension benefit in 2005 in five model situations of pre-pension income from the perspective of the Czech pension system. The analysis shows that between 2005 and 2017 there was no significant increase in the real value of the gradual valorisation of pension benefits under the law governing pension insurance and on the situation of its gradual nominal increase in individual model situations. The paper deals with the issue of the adjusted valorisation mechanism in the period of 2006−2017 from the point of view of the consumer price index for households, together with a comparison of the real value of the pension benefit according to the consumer price index per pensioner. In this context, the contribution highlights a situation where the real value of the average amount of the pension benefit calculated by statistical data is higher than the individual real value of the pension benefit. This indicates a different nominal and realistic development between the individual retirement benefit and its national average.

  • Issue Year: 2018
  • Issue No: 4
  • Page Range: 2-12
  • Page Count: 11
  • Language: Czech