Prague Economic Papers 2013, 22(3):307-323 | DOI: 10.18267/j.pep.454

Some Annuity Problems in the Framework of Czech Pension Systems

Tomáš Cipra
Faculty of Mathematics and Physics, Charles University of Prague, Sokolovská 83, CZ - 186 75 Prague 8 (cipra@karlin.mff.cuni.cz).

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
JEL classification: D14, D30, G22, H55

Published: January 1, 2013  Show citation

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Cipra, T. (2013). Some Annuity Problems in the Framework of Czech Pension Systems. Prague Economic Papers, 22(3), 307-323. doi: 10.18267/j.pep.454
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