Publication detail

Mikroanalýza reformy českého důchodového systému

Author(s): Michal Jezek ,
Type: IES Working Papers
Year: 2003
Number: 31
Published in: IES WP 2003/31
Publishing place: Prague
Keywords: pension reform, social security, Czech Republic
JEL codes: H55
Suggested Citation:
Abstract: This paper examines the microeconomic impact of a reform of the Czech pension plan in which the program is at least partially shifted from a public unfunded basis to a private funded basis. It considers three different scenarios in which individuals have the opportunity to switch part of their mandatory contributions into a funded scheme in exchange for a proportionate reduction in their traditional public pension benefits. It attempts to estimate which workers would be better off switching based on gender, age and income, and some recommendations for policy makers are given. In particular, the impact of mandatory switching on individuals with a low earning capacity is examined and discussed.
Downloadable: WP 31




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