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The supplementary pension savings scheme in the Czech Republic: Microeconomic evidence of the 2013 policy change
Rückl, Adam ; Janský, Petr (advisor) ; Soudek, Jan (referee)
The thesis investigates determinants of participation in the supplementary pension savings scheme in the Czech Republic and estimates their change with respect to the policy intervention realized in 2013. Using the time series of cross-sectional microeconomic data provided by the Statistics on Income and Living Conditions, the probability of participation and the level of contributions are estimated separately by probit and multiple linear regressions, respectively. The estimated coefficients of both models are tested for structural differences caused by the policy change, employing the pooled dataset of multiple years with additional coefficients to treat the compared period. The analysis confirms that income, age, education and economic activity have a positive effect on both the probability of participation and expected level of contributions. Whereas gender differences for the level of contributions have not been detected, single women on average show, ceteris paribus, 4.6 percentage points higher probability of participation than single men. Unexpectedly high level of activity was observed in case of retired individuals, who in 2014 represented approximately 15% of all participants and collected 20% of the credited direct state subsidy. With respect to the 2013 policy change, no evidence of a...
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Taxation in terms of savings products
Grasslová, Martina ; Ducháčková, Eva (advisor) ; Michalíková, Jana (referee)
This thesis presents a comparison of five commercially available products most commonly used by Czech households: a savings account, buildings savings, pension insurance, investment life insurance and mutual funds in terms of taxation. The aim of the work is an overview of the taxation of selected products for the general public in a concise form and show specific impacts on individual cases.
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Analysis of supplementary pension insurance between the years 1994 and 2015
Souček, Martin ; Kolman, Ondřej (advisor) ; Pekárek, Štěpán (referee)
This bachelor thesis deals with the development of supplementary pension insurance market. Primary goal of the thesis is to offer a complex analysis of the development of supplementary pension insurance between the years 1994 and 2015. Thesis offers a preview and summary of theoretical approaches towards pension security along with a link to progression of those approaches in Czech republic. Supplementary pension insurance is analyzed from a standpoint of conditions of the product, its gradual development, macroeconomic context and general overview of its positives and negatives. Thesis thereafter concentrates on comparative analysis of companies operating on the market, description of current changes and outlines possible future development and possible future challenges for additional pension savings.
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Social security an old age
Blahovcová, Lucie ; Kučerová, Eva (advisor) ; Marcel, Marcel (referee)
The subject of the thesis is an evaluation of how the economically active population of the Czech Republic is preparing for a time when they will receive a pension. The theoretical part is devoted to social policy, its basic characteristics and typology of social systems in Europe. This part is followed lyrics dealing with the development of the pension system in the Czech Republic with a description of the current three-pillar system. More attention is paid canceled the second pillar and experience with him in Poland and the Slovak Republic. The thesis focuses on the third pillar, which supports more merit principle. The research part of the thesis builds on the theoretical basis and through a questionnaire survey investigates how people rely on funding from the state and how much saving themselves for the purpose of security in old age. The survey was conducted among respondents in the age group from 20 to 59 years throughout the Czech Republic. Respondents were divided into four age categories over 10 years, and each category is represented by one quarter of respondents.
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Pension reform in the Czech Republic
Urban, Ladislav ; Pletichová, Dobroslava (advisor) ; Jitka, Jitka (referee)
The content of this thesis is to evaluate the Czech pension system and pension reform, valid from 1.1.2013. First, the thesis describes the origin and development of the pension system in the Czech Republic, a general description of the pension system and comparing systems of pension schemes operating in selected countries. The practical part of the thesis analyzes the fiscal sustainability of the PAYG system and the project both financially secure current and future generations of retirees. Thesis includes recommendations for setting the retirement age depending on the evolution of the average life expectancy. The work includes the suggestion of solution for Czech citizens who do not want to be in the future depend only on the pension benefits of the state pay system, but on the basis of personal responsibility are aware of the need for savings or additional collateral. An integral part of the work is the analysis III. pillar of the pension system focusing on the evaluation of the benefits of this savings instrument. In the end, there is an overall assessment, incl. own suggestions and solutions.
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Marketing Research of Customer Satisfaction of the Third Pension Pillar
Filkuka, Martin ; Hedija, David (referee) ; Šimberová, Iveta (advisor)
This thesis aims at using marketing research to determine customer satisfaction of university students with the third pillar of the pension system. The first section describes the objectives of the work, including the necessary methods. The following theoretical part deals with basic concepts of marketing, marketing research, as well as defining the customer and his satisfaction, including methods by which satisfaction is measured. In addition, there is a description of the general operation of pension systems and individual pillars. The practical part includes marketing research, evaluation of the collected data and own suggestions for improving this product.
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Efficiency of state subsidies on savings of residents of the Czech Republic since 1993
Jašková, Pavla ; Prachař, Ondřej (advisor) ; Johanis, Milan (referee)
The subject of this bachelors thesis is finding effect of state aid on building savings and the effect of state support on pension insurance or additional pension savings. The thesis focuses first on development and overview of changes in legislation that influence people in their decisions about founding or termination of treaty. The main part of thesis is aiming on amount of state support or aid and reaction of participator to changes in both mentioned savings products which has thesis been able to prove managed by regression analysis. This effect can also be seen in the statistics, which are compared in this thesis. The end of thesis is pointing out other possible influences that effects people in decision about their contract and the possible future development of building savings and additional pension insurance in the Czech Republic.
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Pension reform in the Czech Republic
Vejr, David ; Zámečník, Petr (advisor) ; Smrčka, Luboš (referee)
This bachelor thesis deals with the changes related to the approval of the pension reform. The first part describes the demographic development, reasons for private savings and description of the functioning of pension compared to changes valid from 1st January of 2013, an only one state-supported retirement savings. The second section describes changes on the initial savings and the introduction of new products, disassembling and subsequent evaluation of their advantages and disadvantages. Concluding, the main reasons are evaluated for pension reform and recommendations for citizens of the Czech Republic.
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The selected employee benefits provision in the Czech Republic: are the current tax relief to these benefits effective?
Myslivečková, Beate ; Prachař, Ondřej (advisor) ; Vebrová, Ludmila (referee)
The bachelor thesis deals with the employee benefits provision and closer focuses on products for retirement savings provision in the Czech Republic. Pension security and financial situation improvement of elderly is currently often discussed topic. The state provides a number of provisions to companies that offer such employee benefits, in particular the so called additional pension savings and life insurance. The main aim of this thesis is to test the hypothesis that the provision of selected employee benefits is of an asset for employers. Further aim is to evaluate the merits of these benefits for employees and to determine whether the tax allowances for employers are effective and whether the employers would provide the benefits even without these tax allowances. In the conclusion recommendations based on the obtained information to selection of appropriate benefits for employees and employers are proposed.
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The occupational pensions and their role in providing people of old age
Borisova, Olga ; Radová, Jarmila (advisor) ; Bártová, Hana (referee)
This bachelor work focuses on such a product as occupational pensions in its former form and current version called additional pension savings. The first part is dedicated to the reasons of the pension reform in CR which occurred in parametric as well as in paradigmatic transformations of the whole pension system, which is described in the end of the part. Due to the goal of the work the progress of occupational pensions is being studied throughout recent years to evaluate and compare the pension funds from the aspect of their efficiency. An important attempt is the juridical comparison and evaluation of differences of those two variations. As well the work outlines the other alternatives of financial provisions in comparison with the third pillar.
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