Work detail

Reforms of pension systems in the founding states of the EU

Author: Bc. Lukáš Platil
Year: 2011 - summer
Leaders: PhDr. Petr Hedbávný
Consultants:
Work type: Bachelors
Language: Czech
Pages: 82
Awards and prizes: B.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance.
Link:
Abstract: The thesis deals with the pension systems in Germany, France and Italy. Its main subject is a description of the reforms of these systems during past twenty years – the description of the reasons to reform, of the reforms themselves and of the outlook for the future. In addition, the thesis deals with the indexation procedures in these countries and examines the relevance of using the consumer price index for these purposes.
The thesis consists of three main sections. The first section briefly describes current pension systems in given countries. The second part describes the reasons leading to the necessity of reforms – increasing financial demands of these systems due to i.a. the demographic trends and the labor market developments. It also lists main components of the reforms during past twenty years, whose main objective was the financial consolidation and the move towards multi-pillar systems. The evaluation of the persistent problems and of the necessity to continue with reforms is also included.
The third section describes the options for the pension indexation and the indexation procedures in given countries. It also discusses the relevance of the consumer price index for the measurement of the increase in the pensioners’ cost of living – whether this index is a good measure for the increase in the cost of living in general and whether it is good to use an aggregated index when evaluating the inflation for particular group of people. Part of this section of the thesis is also own analysis of the distribution of inflation in the population based on the data from Germany, France and Italy.
Downloadable: Bachelor Thesis of Platil

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